Renko Studio MT5

Overview

Renko Studio turns any MT5 symbol into clean, fast Renko charts built from your broker's real tick data. The Renko chart is a real MT5 chart, so your indicators, drawings and templates work on it, and everything is controlled from a modern panel on the chart.

1. Non-Repainting

• A closed brick never changes. Not when you refresh, not after a restart, not when you reopen the terminal.
• Built from real ticks. Every brick comes from your broker's tick data, not from M1 candles.
• Same data, same bricks. The same ticks always produce exactly the same chart.
• Your changes, your choice. The chart is only rebuilt when you change a setting yourself, such as the chart type or brick size.

2. Fast and Optimized

• Opens in about a second. The chart window appears almost immediately; 3 days of history are ready in a few seconds.
• Very light on memory. After loading, the EA uses only a few MB.
• Smooth live updates. Bricks, the live bar and labels update without flicker.
• Light on your terminal. Several Renko charts can run together with low CPU use.

3. Five Chart Types

• Classic Renko: a new brick forms when price moves one brick size in the trend direction; a reversal needs two brick sizes. The standard Renko view.
• Point-O Renko: reverses after a one-brick move, so it reacts faster to turns.
• Mean Renko: each new brick starts from the middle of the previous one, giving a smoother trend view.
• Range Bars: each bar closes when its high–low range reaches the set size, with real open, high, low and close.
• Tick Bars: each bar closes after a set number of ticks, showing market activity.
• Switch in one click. Choose the type from the panel; the same chart window rebuilds in place.

4. Brick Size

• Auto size: calculated from the symbol's own daily volatility during its trading sessions. One Auto size per symbol, the same on every chart type.
• Fixed size: type any brick size you like.
• Size unit: show and enter the size in Points, Pips (forex pairs) or Price. Works correctly on 2-, 3-, 4- and 5-digit brokers.
• Auto Size Refresh:
  • Daily: a new size at the start of each trading session; past bricks stay unchanged.
  • Daily + Rebuild: a new size at the start of each session, and the whole chart is rebuilt with it.
  • Never: keeps the size calculated when the chart was created.

5. Live View

• Next Brick Levels: two labels show exactly where the next up brick and the next down brick will close.
• Live bar: the forming brick is drawn clearly as price moves, with matching colours.
• Live price line: follows the forming brick in real time.
• Wicks: show or hide brick wicks with one click (Range and Tick bars always show real wicks).

6. Real Time Axis and Sessions

• Real time axis: shows the real date and time of every brick, evenly spaced and easy to read.
• Day separator: a clear line at the start of each trading day, with adjustable thickness.
• Fill Session Gap: choose whether a price gap between sessions is filled with bricks or left as a visible gap.
• Info line: shows the symbol and the open, high, low and close of the brick under your mouse.

7. Chart Control

Auto mode (default)

• The chart keeps the latest bricks and the live bar centred between the panel and the time axis.
• Bricks always look comfortable on screen: never too tall, never too flat.
• Scroll back and forward in time freely; the vertical position adjusts by itself, smoothly.
• The price scale can be stretched only within safe limits, so bricks never hide behind the panel or the time axis.

Manual mode

• Click the Auto/Manual button to switch. The mode changes only when you click it.
• Drag the chart freely in any direction: back, forward, up and down.
• Stretch or shrink the price scale as much as you like.
• If the live bar leaves the screen and you don't touch the chart for about 10 seconds, it glides back into view. Your zoom and scale stay as you set them.
• Click Auto at any time to return to the centred view.

Zoom

• Use the − and + buttons at the bottom-right corner to zoom out and in.
• Or drag on the time axis to shrink or stretch the chart.
• The zoom and Auto/Manual controls stay in the same place at every window size.

Refresh

• One click resets the view: Auto mode, default zoom, latest bricks centred and space on the right for the next brick levels.
• Refresh only resets the view. It never changes or reloads your bricks.

8. Control Panel and Settings Menu

Panel

• Chart type, Auto/Fixed size, brick size with its unit, Wicks, the settings menu, status, New Chart and Refresh, in one compact toolbar.
• No inputs to configure: attach the EA, click OK, and your chart is ready.

Settings menu

• Next Brick Levels, Grid, Info Line, Day Separator and its thickness, Fill Session Gap, Size Unit, Auto Size Refresh, History, Tooltips and Reset to defaults, grouped in clear sections.
• Tooltips: clear hover help for every control, which you can switch off.
• Reset to defaults: brings every setting back to its default in one click.

History

• Choose how many trading days to load: type the number or use − and +.
• "3 days" means today plus the last 3 complete trading sessions. Weekends and holidays without data are not counted.
• The chart reloads once with the new history, in the same window, keeping all your settings.
• A per-symbol limit keeps loading fast. Above the recommended value, a note shows the expected first-load time; once loaded, the chart runs at full speed.

Status

• A live status indicator (Live, Loading, Market closed and more) with a short explanation on hover.

9. Multiple Charts and Restore

New Chart

• Click + New Chart on the panel to open another Renko chart of the same symbol.
• Each chart has its own type, brick size and settings, for example Classic Renko on one and Range Bars on another.
• New charts open with your last-used settings.
• Charts are named XAUUSD_RS01, XAUUSD_RS02 and so on, numbered separately for each symbol.

Clean-up and restore

• Closing a Renko chart removes its symbol and data automatically.
• After restarting MT5, every chart comes back with the same settings and catches up with the latest prices.

10. Compatibility

• Indicators, drawings and templates work on the Renko chart like on any MT5 chart.
• Any symbol: forex, metals, indices and more, including broker suffixes such as .m or .pro.
• Any broker digits: 2-, 3-, 4- and 5-digit symbols are handled correctly.

How to Use

1. Open an M1 chart of your symbol (for example XAUUSD).
2. Attach Renko Studio and click OK.
3. A Renko chart opens with Classic Renko and Auto size. Change anything from the panel or the settings menu.

Important Notes

• Removing the EA from the source chart closes its Renko charts.
• Expert Advisors attached to a Renko chart do not receive ticks in this version, so they cannot run or trade from it. Indicators work normally.
• The Renko time axis shows the real time. MT5's status bar and Data Window show an internal date.
• Available history depends on your broker's tick data.