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Median and Turbo renko indicator bundle


Robust median Renko style indicator for creating custom charts resembling Median Renko, Mean Renko, Turbo Renko and Better Renko candles as well as vanilla Renko with wicks plus Point-O charts. This all in one package provides all of the signals needed by day traders, scalpers, and even long-term traders.

Main characteristics

  • The indicator is an overlay on the main chart so it is possible to utilize one-click trading and order manipulation directly on the custom charts. Visual order placement is also possible.
  • History calculated using real tick data.
  • Built-in technical studies: 3 moving averages (Simple, Exponential, Smooth, Linear-weighted, Volume-weighted using tick volume or real volume), Bollinger Bands, Donchian channel, Super Trend.
  • Price level indications for current bar close levels, which are conveniently displayed to the right of the current bar.
  • Optional display of monthly, weekly and daily pivot levels.
  • Optional display of daily R1, R2, R3 & S1, S2, S3 resistance & support levels for the current trading day.
  • Optional display of previous day's high, low and close levels.
  • Optional ATR based bar size calculation.
  • Optional first Renko open offset.
  • Audio, Push notifications and text alerts for new bar open events and/or reversals (different audio files can be assigned for bearish and bullish reversals).
  • Convenient display of current bar's open date/time along with bar size and retracement factor information.
  • Color indication of last day's bar for easy history assessment.
  • Color markup of phantom Renko bars (gaps).
  • Each bar has its own info regarding the bar's Open, Low, High, Close values, as well as the Tick Volume, Real Volume (with breakdown of buy/sell volume) and Bar open time for use by EAs (saved as double in indicator's buffer and available via dedicated Data Window).
  • A dedicated data window is displayed when left-clicking a Renko bar while holding down the CTRL key.

Indicator Settings

  • Bars size (in points).
  • Retracement factor (0.01 to 1.00).
  • Asymmetrical reversals (true/false).
  • Show wicks (true/false).
  • ATR based bar size calculation (user editable ATR period and percent of daily ATR value used for bar size calculation).
  • Show history for defined number of days (plus current day).
  • Apply offset to first Renko (plus offset value).
  • Synchronize first bar's open on a new day (true/false).
  • Top/Bottom padding (0.0 - 1.0) - used to set the margins above and below the visible high & low of the visible Renko chart.
  • Show Monthly, Weekly and Daily pivot levels plus Daily R1, R2, R3 & S1, S2, S3 (calculated using Classic or Fibonacci method) as well as previous day's High, Low & Close levels with color definitions.
  • Pivot Point calculation method ( (H+L+C)/3 or (O+H+L+C)/4 ).
  • Show current bar's close projections (true/false) + bullish bar projection color and bearish bar projection color.
  • Display current bar's open time along with bar size and retracement factor (true/false) + Current bar's open time info color.
  • Alert on a new bar (true/false)
  • Alert on reversal bar (true/false)
  • Alert on MA crossover (true/false) - 1st MA (fast) & 2nd MA (slow) need to be enabled for the alert to work
  • Display alert in Alert Window (true/false)
  • Play sound on alert (true/false)
  • Send alert via push notification to a smartphone (true/false)
  • Use sound file for bullish alerts (.wav sound file located in MetaTrader 5 \Sounds folder).
  • Use sound file for bearish alerts (.wav sound file located in MetaTrader 5 \Sounds folder).
  • Settings for first MA - 3rd MA.
  • Show Channel (None, Donchian Channel, Bollinger Bands, Super Trend).
  • Donchian Channel period of averaging.
  • Bollinger Bands apply to.
  • Bollinger Bands period.
  • Bollinger Bands deviations.
  • Super Trend period.
  • Super Trend multiplier.
  • Display as bar chart (true/false).
  • Shift objects with chart (true/false)
  • Indicator used in EA via iCustom() (true/false) - Set this to true only when calling the indicator from an EA, another indicator or Script.

The first 5 settings are used for defining the type of chart that should be displayed and the next three are utilized for optional synchronization of chart's starting point for maximum consistency.

The following settings are used for turning ON/OFF various information on the chart to suit individual needs. These are followed by settings are used for custom alerting of new bars and new bar reversals.

Finally the last settings enable the trader to add 3 custom Moving Averages and a Donchian Channel, Bollinger Bands or Super Trend channel to perform technical studies directly on the Median Renko or Turbo Renko charts.

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
Comentários 27
Unggul 2021.10.30 14:32 

Great indicator. Good support. Responsive Developer. Many strategy can be made from this renko indicator. It also for the the uni renko converter

igulinda 2021.06.09 14:10 

excellent work, where can I find a user guide?

Niklas Gruenbauer
Niklas Gruenbauer 2021.05.08 16:16 

Great indicator, combined with my EA strategy it works like a charm! So far, value for money is the best I have found!

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TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
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Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detecto
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FX Market Correlation indicator calculates the weakness/strength from all 28 currency pairs in the market. This is unique and powerful way of watching the market. It works on all timeframes. You can use it for scalping, or you can use it for long term trading. FX Market Correlation indicator is NOT repainting. Features: --------- -easy determine which currency is strengthening and which is weakening -choose best currency pairs to trade and times to trade them -find correlation between pairs -N
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O nível Premium é um indicador único com mais de 80% de precisão nas previsões corretas! Este indicador foi testado pelos melhores Especialistas em Negociação por mais de dois meses! O indicador do autor você não encontrará em nenhum outro lugar! A partir das imagens você pode ver por si mesmo a precisão desta ferramenta! 1 é ótimo para negociar opções binárias com um tempo de expiração de 1 vela. 2 funciona em todos os pares de moedas, ações, commodities, criptomoedas Instruções:
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KT Bollinger Shots MT5
KT Bollinger Shots works using a striking blend of the slingshot pattern and the mean-reversion phenomenon applied to financial markets. In addition, a mathematical algorithm is used with variable deviation to fine-tune the indicator's signals on a different level. Winning Trade: After a signal, if price touches the middle band in profit, it is considered a winner. Losing Trade: After a signal, if price touches the opposite band or touches the middle band in loss, it is considered a loser.
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Allows multiple indicators to be combined into a single indicator, both visually and in terms of an alert. Indicators can include standard indicators, e.g. RSI, CCI, etc., and also Custom Indicators, even those purchased through Market, or where just have the ex4 file. An early alert is provided, say when 4 out 5 indicators have lined up, and a confirmed alert when all are in agreement. A‌lso features a statistics panel reporting the success of the combined indicator by examining the current cha
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The 'Volume by Price' indicator features Volume Profile and Market Profile TPO (Time Price Opportunity). Highest quality real-time and historical dataset compilation. Absolute and relative dataset range selection. Drag and drop with time/price option. Unlimited dataset segmentation. Built-in presets for New York, London, Tokyo, Sydney and São Paulo sessions. Quick composite setups with options for advanced TPO visualizations. Histogram bar, line and metric charts including data tables. Collapse
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WTGS Pyramids
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5 (1)
User Support                    Paid subscribers may request to join the user support group @WTGSystem on Twitter. Email: wtg.system.international@gmail.com @WTGSystem   provides excellent user support to help   MT5   app users improve their trading performance. The exclusive free support is more valuable than the app. The System WTGS Pyramids is an MT5 application for trading commodities, indices, futures, Forex, CFD, cryptos, and other major markets. It consists of three sub-modules: Pyra
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Dark Power  is an Indicator for intraday trading. This Indicator is based on   Trend Following  strategy, also adopting the use of an histogram to determine the right power . We can enter in good price with this Indicator, in order to follow the   strong trend   on the current instrument. The histogram is calculated based on the size of the bars and two moving averages calculated on the histogram determine the direction of the signal Key benefits Easily visible take profit/stop loss lines Int
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Esse indicador encontra padrões duplos de reversão superior e dupla e gera sinais de negociação usando breakouts. [ Guia de instalação | Guia de atualização | Solução de problemas | FAQ | Todos os produtos ] Sinais de negociação claros Cores e tamanhos personalizáveis Implementa estatísticas de desempenho Níveis personalizáveis de retração de fibonacci Ele exibe níveis adequados de stop-loss e take-profit Implementa alertas de email / som / visuais Esses padrões podem se expandir e o indica
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PZ Trend Trading MT5
3 (2)
O Trend Trading é um indicador projetado para lucrar o máximo possível com as tendências que ocorrem no mercado, cronometrando retrocessos e rupturas. Ele encontra oportunidades de negociação analisando o que o preço está fazendo durante as tendências estabelecidas. [ Guia de instalação | Guia de atualização | Solução de problemas | FAQ | Todos os produtos ] Negocie mercados financeiros com confiança e eficiência Lucre com as tendências estabelecidas sem ser chicoteado Reconhecer retrocesso
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Unggul 2021.10.30 14:32 

Great indicator. Good support. Responsive Developer. Many strategy can be made from this renko indicator. It also for the the uni renko converter

284954 2021.06.24 05:35 

Olá, amigo! Já comprei o produto, ainda não usei. Meu intuito é mandar fazer um EA(Robô) com este indicador, não abri o indicador ainda, mas pelo que vi e li até agora vejo que é muito boa a configuração, mas não opero manualmente, apenas com robô, como faço para adquirir no formato em que que eu possa acionar os desenvolvedores(código fonte aberto). Voce dá conta de fazer o robô? Se sim, faria por quanto?

Artur Zas
Resposta do desenvolvedor Artur Zas 2021.06.24 10:01
Please contact me via Private Message
igulinda 2021.06.09 14:10 

excellent work, where can I find a user guide?

Artur Zas
Resposta do desenvolvedor Artur Zas 2021.06.10 09:24
Thank you for your kind words. All of the basic features are explained in the video on the product page. Please send a private message to me if there is a particular topic of interest to you. I'll be happy to help.
Niklas Gruenbauer
Niklas Gruenbauer 2021.05.08 16:16 

Great indicator, combined with my EA strategy it works like a charm! So far, value for money is the best I have found!

Jptrading 2021.04.23 22:03 

AWESOME product , I double my account within 48 hours...I'm Impressed. One of the best out there.. But Waiting for Artur To update on MA1 & MA2 crossing notification cause its not working ..no update yet after a few days.. 24 hours later he helped and things are working great.100 stars

gaswim 2020.10.12 18:01 

Hello everyone I have bought median renko but I have some problem when I want to backtest with Mt5 backtester. Is there a solution. Please. Could someone help me.

189114nickynomates 2020.10.12 10:28 

This opens a whole new world to trading. I have brought many indicators and ea over the years the majority giving big promises but little in the way of results. Nothing comes close to this. Its a plug and play for the thinking trader. The Renko build is great and all you could ever ask for and the collection of indicators put together for help is just awesome. I very much hope i can run with a great ea i found that would be my dream. Keep up the great work Arhur look forward to many years of perfecting perfect trading.

Michael Edwards
Michael Edwards 2020.09.25 11:46 

O usuário não deixou nenhum comentário para sua avaliação

eliseexige 2020.09.23 16:18 

after multiple attempts during live markets, this is just like the rest of Artur's products. It will freeze, it will refresh the data and screw up custom indicators, and it will cost you because of it. I'd give this a 0 or negative star rating if it were possible. AVOID if you are a serious trader and need stability in fast markets, because you won't get it here. EDIT 2: Artur is working with me on all products to solve issues and I have adjusted the feedback accordingly.

waveriderj 2020.09.20 19:47 

5-star functionality

Paul Piper
Paul Piper 2020.07.20 06:46 

O usuário não deixou nenhum comentário para sua avaliação

Jonathan Vodini
Jonathan Vodini 2020.06.30 19:43 

fantastic indicator, all you need in one, 5 stars!

Devonish 2019.09.04 20:43 

O usuário não deixou nenhum comentário para sua avaliação

StevenP 2019.06.12 21:34 

This is a great indicator. So many options. Great developer

Traine 2019.02.11 01:48 

I am looking for the EA you made for this indicator.

Andre Gomes
Andre Gomes 2019.01.04 22:56 

Very useful. I totally recommend it!

ALETRADEX 2018.09.29 18:54 

O usuário não deixou nenhum comentário para sua avaliação

Michael Maggi
Michael Maggi 2018.09.05 04:56 

This is a great indicator. I use it every day and have for a long time. Some of my trading strategies are outlined on my profile page with shared charts.

BMAT 2018.08.20 15:19 

Trying to RE INSTALL it on a new computer and it wont work... THe only path to install is through the link (install on the plataform) but it wont work.

With the MT5 open I also go to Library - Purchased and it show the message (purchased but not dowloaded) and a button to INSTALL... It doesnt work! Please help. Thanks

Xavier507 2018.05.03 17:46 

Não consigo instalar o Renko, gostaria de ajuda. obrigado

wladimirwf 2018.04.19 16:30 

Simplesmente NÃO CONSIGO instalar o indicador...ao tentar instalá-lo, aparece um "MedianRenkoOverlay_Trial" (versão TRIAL???) no Navegador, e ao arrastá-lo pra janela do gráfico, também não entra!!! Gostaria de uma solução pro meu problema!!!

AndreiDuke 2017.12.21 16:25 

Artur, thanks for the great indicator. I liked the communication with the author. Artur answered all my questions. Maybe this is the best Renko indicator and realy best Renko on Metatrader. Excellent work and thanks again!

kwlin_089 2017.11.25 03:16 

Do not recommend to use automated! If you want to use it manually it will be useful

Artur Zas
Resposta do desenvolvedor Artur Zas 2020.12.18 16:02
You can safely use this with an EA. A lot has changed since 2017. I have a few working EAs for this indicator on my GitHub page with the SDK for this indicator. https://github.com/9nix6/Median-and-Turbo-Renko-indicator-bundle
Carlos Giunti
Carlos Giunti 2017.08.24 22:54 

Great indicator, Amazing support from Artur Zas,

Very responsive. A+++++

Renat Safin
Renat Safin 2017.08.11 15:50 

A good implementation of the Renko, but without the histograms of tick and real volume it is not very practical.

Henrique Sameshima De Souza
Henrique Sameshima De Souza 2017.04.24 23:44 

Great indicator, the developer is very responsive.

Julio Monteiro
Julio Monteiro 2017.04.24 22:52 

The developer is very responsive to feedback and has made many improvements in the short time.

Responder ao comentário
Versão 3.19 2021.07.23
Bug fixes and code maintenance release.
Versão 3.17 2021.05.10
Added new dynamic renko body size algorithm ("percentage renko" as used on Definedge TradePoint);
Optimized indicator inputs;
Fixed compatibility with StereoTrader when "Shift objects with chart" is set to YES.
Versão 3.16 2021.05.05
Fixed MA cross alert bug when the MAs used the shift parameter
Versão 3.15 2021.04.23
Optimization and code cleanup;
Minor bug fixes.
Versão 3.14 2021.04.13
Code maintenance and cleanup;
Indicator parameters grouped into logical blocks;
Added timeframe selection for ATR calculations;
Simplified Moving Average inputs (merged ON/OFF and drawing type into a single input).
Versão 3.11 2020.10.12
Maintenance release
Versão 3.10 2020.09.30
Fixed "Truncate trailing digits on the first renko" setting for situations where the offset is equal to the number of digits after the decimal point.
Versão 3.9 2020.09.24
Added alerts for bearish or bullish only reversals;
Replaced and fixed the optional "First pip offset" by more intuitive "Truncate trailing digits on the first renko";
Fixed compatibility issues with the latest MT5 builds.
Versão 3.8 2020.07.07
Fixed LWMA indicator bug
Removed "H1" timeframe restriction.
Versão 3.7 2020.06.18
Price projections update bugfix.
Versão 3.6 2020.06.16
Recompiled for better compatibility with the latest MT5 builds
Versão 3.5 2020.03.26
Fixed alert handler
Versão 3.4 2020.03.25
Memory usage optimization
Versão 3.3 2020.03.22
Versão 3.2 2020.03.18
FIxed ATR based renko size calculation
Versão 3.1 2020.03.13
Code maintenance update
Versão 3.0 2020.03.11
BREAKING CHANGES (full info in comments)!
Completely rewritten tick data engine (fixed all known and reported bugs found in the previous version)
Renko body size is now denoted in "ticks" for better compatibility with stocks, futures, and indices.
Added 4th MA
Added Linear regression to the available MA types
Added Keltner Channel to the available channel types
Added optional trading session timespan with optional gray out of the after-hours zone (useful for futures and stock traders)
Added more settings to the "Show pivot settings" dropdown
Added optional price labels for MAs and Channel lines
Alert setting inputs are now consolidated (from 6 to 2 variables)
Bar close projection colors are now taken from the candle colors (1 and 2).
Versão 2.17 2019.09.05
Bugfix for last bar refresh problem found in previous version
Versão 2.16 2019.09.03
Fixed "duplicate tick" processing problem on the extremely fast-moving charts.
Fixed problem with brokers having an incorrect symbol specification info.
Added various optimizations and improvements.
Versão 2.15 2019.08.29
Fixed problem with "invisible renko bars" when backtesting with latest MT5 builds.
Versão 2.14 2019.08.27
Bugfix (fixed incorrect tick volume calculation for some historical renko bars)
Versão 2.13 2019.07.30
Changed "Bars size (in points)" input name to "Renko body size (in point)"
Changed "Renko body size (in point)" input field type from "integer" to "long"
Versão 2.12 2019.05.24
Bugfix: fixed problem with certain settings resulting in a blank chart.
Versão 2.11 2019.05.13
Bug fix: Fixed backtesting bug
Versão 2.10 2019.04.24
Small enhancements & code cleanup
Versão 2.9 2019.03.28
Added signal candle's close price to alerts;
Code cleanup.
Versão 2.8 2018.12.15
Bug fix & maintenance update
Versão 2.7 2018.12.12
Bug fixes
Versão 2.6 2018.11.23
Maintenance release
Versão 2.5 2018.06.29
Maintenance release - code optimization
Versão 2.4 2018.05.17
Bug fix: Fixed backtesting bug.
Versão 2.3 2018.05.17
Bug fixes.
Added: 2 MA cross alert (MA1 = fastMA, MA2 = slowMA)
Changed: Alert settings
Versão 2.2 2018.02.27
Maintenance update
Versão 2.1 2017.11.22
Maintenance release
Versão 2.0 2017.11.09
Version 2.00 uses real tick data to build and update the charts.
Added: Real tick volume (with Buy/Sell breakdown) is presented where available
Added: First Renko offset setting
Added: Classic or Fibonacci pivot lines plus support (S1,S2,S3) & resistance (R1, R2, R3) levels
Added: Previous sessions High, Low and Close levels
Added: Third moving average
Added: Volume weighted moving average method (using tick volume or real volume)
Added: Optional ATR based bar size calculation
Added: Optional display as bar chart (useful when using with Heiken Ashi indicator)

All known bugs in version 1.47 have been fixed
Versão 1.47 2017.06.06
Bug fixes
Versão 1.46 2017.04.10
Added "shift" parameters to Moving Averages
Added "SuperTrend" channel indicator
Added support for adding external indicators (via API)

Versão 1.45 2017.03.23
Changed: Data window is now displayed when holding CTRL + Left Mouse button
Added: Display of bar size / retracement setting info on chart
Added: Extra padding space on top & bottom of chart
Added: Possibility of changing bar colors for gap filling bars
Fixed: Price projections for certain Renko configurations
Versão 1.44 2017.03.06
Added Bollinger Bands technical indicator
Added Renko Data Window (press and hold the left mouse button on a selected Renko bar)
Versão 1.43 2017.02.24
Bug fix: Visual backtest now works correctly when indicator is used in an EA
Added new input: Indicator used in EA by iCustom() (true/false) (Prevents incorrect shifting of objects on chart when indicator used in an EA).
Versão 1.42 2017.02.17
Added sending new bar/new reversal bar notifications to a smartphone via MetaTrader app.
Versão 1.41 2016.07.27
Added: New "Show wicks" (true/false) option for enabling/disabling display of wicks on candles.
Changed: Code optimization.
Versão 1.40 2016.07.13
Added two new chart types:
- PointO (Retracement = 1.00, Symmetrical reversals = FALSE)
- Renko with wicks (Retracement = 1.00, Symmetrical reversals = TRUE)

All custom chart types are now displayed as an overlay on the main chart, so you can use visual order placement and modification directly on the chart.
Versão 1.30 2016.06.03
Added 2 moving averages and Donchian Channel technical indicators
Versão 1.2 2016.05.26
Bug fix of "Buffer overrun" on indicator startup when starting MT5 after few days of inactivity.