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Renko chart generator

An Expert Advisor (EA) used to create custom Renko charts and provide real-time updates. This is an MT4 "offline" chart equivalent which is very simple to use.

You can attach any MT5 compatible indicator or template to the renko chart and perform your technical analysis.

A free demo version can be downloaded from https://www.mql5.com/en/market/product/30300


The settings include

  • Bars size (in points) - Defines the size of the candle body (value denoted in points).
  • Retracement factor (0.01 to 1.00) - Defines the shift of the new candle open relative to the close of the previous candle (0.01 = 1%, 1.00 = 100%).
  • Asymmetrical reversals (yes/no) - Defines the type of reversals relative to the previous candle close.
  • Show wicks (yes/no) - Candle wick visibility setting.
  • ATR based bar size calculation (yes/no) - Automatic calculation of the candle body size defined by the reading of the ATR indicator calculation on the daily chart.
  • ATR period (1 to...) - ATR indicator's period setting.
  • Use percentage of daily ATR (1 to 100) - The percentage of the calculated value to use.
  • Show history for number of days (0 to...)
  • Apply offset to first Renko (yes/no) - Setting used to synchronize the open of the first renko candle based on the offset parameter (below)
  • Offset value (0 to 100)
  • Synchronize first bar's open on a new day (yes/no) - Synchronize the first candle's open price with the open price of the daily candle.
  • Override default custom chart name with (chart name)
  • Apply template to custom chart - (the user-defined template that will be applied to the renko chart. If you have a "default" template saved, this will be applied by default).

Below, you'll find the settings for creating several commonly utilized charting types:

  • Median Renko
    • Retracement factor = 0.5
    • Asymmetrical reversals = yes
    • Show wicks = yes
  • Vanilla Renko with wicks
    • Retracement factor = 1.0
    • Asymmetrical reversals = yes
    • Show wicks = yes
  • Turbo Renko
    • Retracement factor = 0.25
    • Asymmetrical reversals = yes
    • Show wicks = yes
  • Hybrid Renko
    • Retracement factor = 0.25
    • Asymmetrical reversals = no
    • Show wicks = yes
  • Point-O
    • Retracement factor = 1.0
    • Asymmetrical reversals = no
    • Show wicks = yes
レビューなし
バージョン 1.12 2018.07.09
Added "Apply template to custom chart" setting
Bug fixes
バージョン 1.11 2018.06.28
Bugfix: Fixed problem with BM&FBovespa
バージョン 1.10 2018.05.24
Added option to override the default custom chart name with a user-defined value