BrioQuant Renko Overlay
- インディケータ
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Mitchell Dean Ede
Trader and toolmaker, working with the markets since 2010. BrioQuant builds clean MetaTrader 5 chart tools for traders who want useful context without clutter: each indicator focuses on one job, uses clear inputs and avoids trade signals or profit promises. Products and support are published and - バージョン: 2.0
Renko bricks drawn as time-anchored boxes on your ordinary chart, so brick structure and real time stay visible together.
A renko brick prints when price moves a set distance, ignoring how long that takes. That strips out the sideways noise a time chart is full of. The usual way to see them is a separate offline chart, which loses the clock. This draws the same bricks over your normal candles instead, so you keep the time axis, your other indicators, and your orders.
How the bricks are built
- Only closed bars are used, and every closed bar is used exactly once
- A brick prints when a bar closes a full brick beyond the last one
- Several bricks can print from one bar if the move is large enough
- The dashed box is the brick currently being built, in the current direction
Brick size
- ATR - each brick is sized by the ATR of the bar it forms on, so the indicator scales itself to any symbol and any timeframe without setup
- Fixed points - a constant brick size you choose
In ATR mode the size is taken from each bar's own ATR rather than one current reading applied backwards, so the same bars always rebuild the same bricks.
Reproducible
Reload the chart, change timeframe, restart the terminal: the bricks come back the same. Bricks are never built from part-formed bars, so nothing that printed while you watched disappears afterwards.
Inputs
- Brick size mode - ATR or fixed points
- Brick size, points - for fixed mode
- ATR period and multiplier - for ATR mode
- Max bricks kept on chart - older bricks are removed to keep the chart light
- Bars scanned on first load
- Up and down brick colours
- Corner readout - brick size, current direction, brick count
- Instance tag - set a unique tag when running two or more copies on one chart
Notes
The direction of the last completed brick is published to the Data Window and can be read from other programs. Bars before the scanned range hold no value rather than a made-up one.
This is an overlay, not a renko chart. A true renko chart has its own time axis and is built as a custom symbol, not as an indicator. The bricks here are the same bricks, drawn against real time.
