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Renko Bars 3in1

The Renko_Bars_3in1 is designed for plotting 3 types of Offline Renko charts.

  1. Standard Renko Bar (the reversal bar is twice the size of the bar).
  2. Renko Range Bar (the size of all bars is the same).
  3. Renko Bars with the ability to adjust the size of the reversal bar.

Note. A chart with the M1 period is necessary to build an offline chart. When the indicator is attached to a chart, the offline chart is opened automatically. When closing the terminal, also close the offline chart, because another offline chart will be opened at the next start of the terminal. If this situation occurs, close the offline charts and restart the indicator.

A chart built using Renko_Bars_3in1 does not redraw the value of Open on the current bar and value of Close on the previous bar, which is important for fully functional operation of indicators and Expert Advisors. The indicator also implements the ability to test indicators and experts in the tester.

To run your experts on an offline chart, create a copy of your expert, then insert or replace the OnInit() function with the one below. You can also use the refreshchart_and_tiks (https://www.mql5.com/en/code/19673) script to run experts on offline charts (preferred, does not require the replacement of functions in experts).

//+------------------------------------------------------------------+
void OnInit()
 {
     double prev_bid;
     prev_bid=Bid;
     while(!IsStopped())
    {
     RefreshRates();
     if(prev_bid!=Bid) 
     {
      prev_bid=Bid;
      OnTick();
     }
      Sleep(200);
    }
  }
//+------------------------------------------------------------------+


Indicator parameters

  • CandleSize - candle body size in pips.
  • RevSize – multiplier for the reversal bars.
  • TimeFrame - timeframe to display the offline chart (M2, M3, M4, M6, M7, M8, M9 or M10).
  • ShowWicks - show the candle wicks (true/false).
  • StrangeSymbolName - set true, if your broker's pair name is different from the standard pair name.
  • Test - false; set True if the chart is opened for testing.
  • DateStart - chart calculation start date.

See the video for instructions on how to install the indicator and how to test your indicators.

Comentários 4
Alessio
272
Alessio 2019.03.31 10:34 
 

great indicator, every thing is well explained. for the first time i could execute a visual backtest.

heoh888
124
heoh888 2019.03.04 12:06 
 

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Tweezer Pro Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The standard Tweezer is a two bar pattern. Our enhanced version is a multi-bar pattern. We filter the patterns for you so that you only get the   best and most effective patterns   and ignore the noise. The Tweezer pattern is a simple and effective pattern to trade. The strategy that comes with the Tweezer is based on price action. The Tweezer Pro version let user
177 USD
Advanced Currency IMPULSE with ALERT
Bernhard Schweigert
CURRENTLY 39% OFF !! ⭐⭐⭐⭐⭐  Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula. With only ONE chart it gives Alerts for all 28 currency pairs . Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even easier to identify an
78 USD
Golden Chip
Daishon Cotman
GOLDEN CHIP TUTORIAL LINK BELOW! https://youtu.be/R69zucG3EnY Golden Chip provides Basic Market Structure, Fibonacci, supply and Demand Zones. Letting you identify when a sell off point is approaching or when a buy opportunity is arriving. The awesome thing about Golden Chip is that, you will see rejection levels or continuation before ANYBODY ! This indicator moves directly with price and lines up perfectly with the Chart. Some indicators would lag but NOT this one ! Golden Chip is amazing f
225 USD
Pro Currency Strength Meter
Oystein Knudsen
Currency Strength Meters are a great way to identify strong and weak currencies. With this CSM indicator attached to your chart, you will get a clear overlook over the 8 major currencies: USD, EUR, JPY, CAD, CHF, GBP, AUD, and NZD. Suggested timeframes to scan is: M15 - H1 - H4 - Daily  You can however just change timeframe to check in the settings. Bear in mind that scanning very low timeframes such as M1 will require a lot of resources and might make your mt4 terminal slow.  The strength s
129 USD
Bruces Price Predictor
Bruce Webb
*Non-Repainting Indicator Message Me Immediately After Purchase For VIP Installation Help and Free Strategy     Bruce's Price Predictor is an indicator that shows precise price reversals. A great arsenal to add to any chart.  Bruce's Price Predictor points price reversals with high degree of accuracy and it is great for scalping on the 1min time frame, Or swing trading on the 1hr time frame. Buy and sell arrows are shown on the chart as for entry signals. They do not repaint but confirmation ent
50 USD
Moving Average Cloud
Muhammad Elbermawi
Or " MAC ". ⭐⭐⭐⭐⭐ This is an indicator designed to help you capture and trade the trend. The idea behind this indicator can be explained in the next steps: Draw a fast-moving average Envelope. Draw a slow-moving average Envelope. The MAC Upper Band is the highest value between the high of both Envelopes. The MAC Lower Band is the lowest value between the low of both Envelopes. The MAC Histogram Cloud fills the distance between two bands to show you change in direction. Blue Cloud indicates th
60 USD
Trend Line Map Pro
Sayadi Achraf
⭐️ ⭐️ ⭐️ ⭐️ ⭐️    Limited Time Offer,  Rent Trend Line Map  PRO  for  only 10$/Month    to   try our algorithm before getting lifetime version     ⭐️⭐️⭐️ ⭐️⭐️ Trend Line Map indicator is an addons for Trend Screener . It's  working as a scanner for all signals generated by Trend screener ( Trend Line Signals )  . Important Note : 1.  Active Signals Performance via  TREND LINE MAP INDICATOR ( Daily Update )    ► Click Here 2. Trend Line Map is a Trend Line Scanner based on Trend Screen
49 USD
Filtro:
kahaber
19
kahaber 2020.06.15 22:14 
 

мне понравился . удобная индюк .

Alessio
272
Alessio 2019.03.31 10:34 
 

great indicator, every thing is well explained. for the first time i could execute a visual backtest.

heoh888
124
heoh888 2019.03.04 12:06 
 

Отличный Индикатор

Zhigang Liu
173
Zhigang Liu 2018.09.30 03:18 
 

I have purchased it, please send the index to my mailbox.1123321025@qq.com。

Responder ao comentário
Versão 1.10 2018.03.01
The construction of bars is performed by (ASK + BID) / 2.