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Renko One ReversBar

The Renko_One_ReversBar indicator is an evolution of the indicators Renko_Bars_3in1 and RenkoRangeBars FlatBar. The main feature is that only one Reversal Bar is drawn. As in the indicator Renko_Bars_3in1, you can independently adjust the size of the reversal bar. A chart created using Renko_One_ReversBar can be used for all types of trading. For testing, download the Demo version Renko_One_ReversBar_Demo .

Important. To build an offline chart, you need a chart with a period of M1. When you launch the indicator on the chart, the offline chart opens automatically. When closing the terminal, also close the offline chart, because the next time you start the terminal, another offline chart opens. If this situation occurs, close the offline charts and restart the indicator.

The chart created using Renko_One_ReversBar, does not redraw the Open value of the current bar and the Close value of the previous one, which is important for a proper operation of indicators and Expert Advisors. Also the indicator enables testing of indicators and Expert Advisors in the Strategy Tester.

To run your Expert Advisor on an offline chart, you need to create a copy of your Expert Advisor and insert or replace its OnInit() function with the one below. You may also use my refreshchart_and_tiks script, which allows running Expert Advisors on offline charts (this method is preferable, because you do not need to replace functions in your Expert Advisor).

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


Indicator parameters

  • CandleSize - The size of the candlestick body, in pips.
  • RevReduction - The amount by which the reversal bar increases.
  • TimeFrame - Display on offline charts (M2, M3, M4, M6, M7, M8, M9 or M10).
  • ShowWicks - Show shadows (true/false).
  • StrangeSymbolName - Set true if the name of your broker's pair differs from the standard pair name.
  • Test - false; True if you open a chart for testing.
  • DateStart - Chart calculation start date.

Watch the video of Renko_Bars_3in1 to find out how to set the indicator and to test your own indicators.

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Ideally, this is we hope : The good numbers on news should make the related currency become stronger, and the bad numbers on news should make the related currency become weaker. But the fact is: The good numbers on news that has been written on the economic news calendar could not always instantly make the related currency become stronger. and vice versa, the bad numbers could not always instantly make the related currency become weaker. Before placing new position: We need to know which actuall
58 USD
Box Chart
Chantal Sala
The indicator Box Chart is a very useful analysis tool that allows you to know the value of the range in points. The range is written in a label and also it is draw in a rectangle. This indicator works on multi timeframe and you can upload more indicators on same chart to analyze more time frames ranges. The analysis of the range is done following W. G. Gann school. The observation of the range on little time frame returns some good information of trend or reversal. Box Chart is a simple indicat
50 USD
CME CallPut Option Ratio MT4
Vasiliy Sokolov
Call/Put Ratio is one of the most well-known indicators of the market sentiment. The indicator has been developed by Martin Zweig. It is based on real volumes of the CBOE option market. As we know, a Call option gives its owner the right to buy the underlying asset at a predetermined price. A Put option gives the right to sell it. Thus, increasing volumes for Call options indicate the increasing demand. The growth of Put option volumes shows that supply starts exceeding demand. If we divide the
50 USD
BACD Cloud
Muhammad Elbermawi
Or B ermaui A verage C onvergence D ivergence Cloud , which is an oscillator that shows trend direction and measures its strength in percent. BACD Cloud calculation is as follow: 1- Calculate two exponential moving average. One of them is faster than the other. I will call the first (Fast) and the second (Slow) 2- Find the center between them, where: Center MA = (Fast + Slow) / 2 3- Calculate BACD Line as follow: BACD = 100 * (Fast / Center MA) 4- Calculate the BACD Signal Line, which is an
40 USD
Clever Spread Strength Meter
Carlos Forero
Description The indicator measures a currency’s relative strength, on different timeframes, through certain percentile spread analysis. This allows you to compare which are the strongest currency pairs, against the weakest pairs. These spreads are based on comparison against USD. Here you can access our discord community for more information about our tools and benefits. KEY LINKS:   Indicator Manual   –   How to Install   -  Discord Server   –  Frequent Questions  -  All Products  How is "CEF
49 USD
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