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RenkoRangeBars FlatBar

The RenkoRangeBars FlatBar indicator is the opposite of the Renko_Bars_3in1 indicator. A reverse bar has less significance than a Renko Bar. A chart built using RenkoRangeBars FlatBar can be used for all types of trading.

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 RenkoRangeBars FlatBar 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;

Indicator Parameters

  • CandleSize - candle body size in pips.
  • RevReduction – divider for the reversal bar.
  • 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.

The indicator setting is identical to Renko_Bars_3in1.

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3 Level ZZ Semafor Scanner: This is a Dashboard indicator which uses 3LZZ Indicator in the background to find semafors. It will give priority to the level 3 semafors because they specify a strong signal. You can go through this video tutorial to see how it works: https://youtu.be/Z4v4h8U6RiM Get all extra Indicators/Template from here: https://abiroid.com/extras/3lzz-scanner-dashboard-extras To use this template just specify "3LZZ" in Dashboard Property: "Use Template For New Window" (without
50 USD
PipFinite Reversal PRO
Karlo Wilson Vendiola
The Controversial 5-Step System That Professional Traders Use To Unlock Trading Success! Reversal Pro effectively combines price action, ideal location and reliable statistics in one smart algorithm. Understanding the market in this unique perspective allows you to recognize reversals professionally. Discover The Secret Of Professional Traders Get instant access ► www.mql5.com/en/blogs/post/716077 Copy & Paste what professional traders are doing right now! How To Trade Step 1: Trade Setu
98 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
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
dylanzen 2020.02.12 10:03 

Hello, I bought your indicator. After a period of testing, I found that the price of renko is inconsistent with the price on M1. Can you upgrade or modify it? thank you very much!

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