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Renko Advanced lite

This Renko Advanced indicator can be considered as a trading system.

The indicator offers a different view to see the currency pair: it is a full  timeless indicator and it can be used for manual trading or for automatized trading with some expert advisor. When the price reaches a threshold a new block is created.

It takes advantage of a visualization  similar to Renko visualization type, offering less noise than usual candles bar.


The indicator beside the Renko bars, shows also 3 moving averages.

Push notification was introduced when a new bar is created or a cross between moving averages occurs.

This feature is very useful for using the indicator with an EA.

PS2: if nothing is displayed turn off the Sync feature


How to use

This is the lite version of the Renko Advanced indicator.

The only limitations of this version are some parameters can not set (read only). In this way the user can start to appreciate the Renko visualization and how this indicator can be very powerful and simple at the same time.

Time frame should be low( like 5M but it depends of brick height) to have a good representation of historical bars, otherwise the user should adapt the timeframe related to brick height set.

PS: please rate this indicator and leave a comment. Do not forget: your feedbacks are important!

How to set the brick height? It is a good questions, it depends of the duration we want to stay in the market, the volatilty of the market. A good choice could be using the ATR indicator to check the average value of candles in the TF we want to operate.
Renko is very good for giving the idea of the trend with very low noise. Just for an example you can try EURUSD with 2 RenkoAdv: one with brick at 13 pips and another with brick at 50 pips.


INPUT parameters


DisplayMode: RenkoAdv, True Renko, Median Renko

The difference is :

-With RenkoAdv, every brick has drawn after a number of pips set in BoxSize parameters. 

-With TrueRenko on inversion of trend, the price must be distant the double of BoxSize before drawing the bricks. When the double has reached, 2 box are drawn. It is less noisy of RenkoAdv mode but it has more delay when changing trend occurs.

-With Median Renko we have a smoother price movement

Box size (in Pip): the thickness of the renko bar in pips

Calculation Type: how to calculate a new renko bar

FAST Average length: length for the fast moving average

FAST Average type: simple or exponential moving average

SLOW Average length: length for the slow moving average

SLOW Average type: simple or exponential moving average

LONG Average type: simple moving average

Alert on new bar: Computer or phone notification is available

Alert on Avg cross: Computer or phone notification is available

Optional comment: on push notification to EA, optional comment is sent

Sync graph with midnight: Renko is not dependent by the time, so if you close the metatrader and open it again in few hours, the graph could be a little different by today. With this feature the graph will start to be drawn by the first candle starting at midnight.

Give us a feedback and a comment please.

PS: for receiving phone notification you need to have installed MT5 on your phone and follow the procedure to enable push notification. If you have problems feel free to contact me.


Using with an EA

  enum Typek
  {
   Calc_OnClosePrice=1,//On Close Price(TF related)
   Calc_OnEveryTick=2//On Every Tick
  };

enum Average
  {
   Simple=1,
   Exponential=2
  };

enum NewAlert
  {
   Alert_No=0,//No Alert
   Alert_PcAlarm=1,//Computer
   Alert_PhoneAlarm=2,//Phone
   Alert_PcPhoneAlarm=3//Computer and Phone
  };

enum DisplayModex
  {
   Mode_TrueRenko=0,//True Renko
   Mode_RenkoAdv=1,//Renko Adv
   Mode_MedianRenko=2//Median Renko
  };

//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+

//Example of Call 
//For the order of the input, follow the indicator inputs.The following row could be not updated.
int handle_adv=iCustom(NULL,Period(),"Downloads\RenkoAdv",BrickHeight,Avg1Fast_Length,Avg1Fast_Type,Avg2Slow_Length,Avg2Slow_Type,Avg3Length,Avg3Long_Type,UseSync_boolean,ShowNewBarAlert_boolean,ShowCrossAlert_boolean,CalculationType_typek,"Just a comment");




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Premium retracement notifier - Kilimanjaro Version This packs a-lot on enhancement on signal quality for the purpose of reducing drawdown. This tool have gone along way and that length of traveled distance it means a-lot of learning and enhancement. so with every release, we are focusing to improve the overall usability and quality.  become our premium user by buying this and in exchange we promise you a quality service and education on how to use our trading systems. Strategies The kilimanjaro
39.99 USD
Risk Reward Ratio
InvestSoft
This is the forex visual orders tool & forex position size (lot) calculator with intuitive panel. Risk Reward Ratio Indicator works on all kind of symbols: currency pairs, indices, metals, commodities, cryptocurrencies, etc.   If you want to make sure that Risk Reward Ratio Indicator works on your favorite symbols contact us and ask for 7-day free trial to test this tool without limits. If you want to place orders easier, faster and more intuitive? If you like to mark trade entry and exit p
30 USD
Trend Line Map Pro MT5
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. 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 Screener Indicator. Please make sure that you get  Trend Screener Pro  before getting
49 USD
Advanced Currency Strength28 MT5
Bernhard Schweigert
⭐⭐⭐⭐⭐  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 new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity? USER MANUAL: click here The SPECIAL: Arrows in sub-window to show strong currency moment
128 USD
VTrende
Andrey Dyachenko
VTrende - MTF indicator for trend trading with a display panel for MT5 Although the signals of the VTrende indicator can be used as signals of a full-fledged trading system, it is recommended to use them in conjunction with the Bill Williams TS. The main task of the indicator - is to determine the points of change in the direction of the trend. The indicator signal appears in two versions: Advance - when the trend ends To be continued - when the trend is already on The indicator sho
497 USD
Pattern 1 2 3 MT5
Pavel Zamoshnikov
The indicator automatically identifies the 1-2-3 pattern on the chart. The indicator is able to monitor the formation of pattern in real time. It informs the trader when the pattern is completely formed (when the price breaks the line in point 2) and displays the completed patterns in history. The patterns are never redrawn. The indicator can identify patterns on any instruments (currency pairs, stock market, gold, etc.) without the need to adjust to each instrument. Simple and clear visualizati
30 USD
Bruces Price Predictor mt5
Bruce Webb
*Non-Repainting Indicator Bruce Webb Explains How To Use Bruce's Price Predictor In Detail And Free Forex Strategy  https://youtu.be/hfoB1tZZpTo 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
50 USD
Meta Trend
Ehsan Tarakemeh
Meta Trend Indicator  is the most efficient way to forecast and detect the trend in any market. It reveals the trend, support and resistance levels, volatility and the maximum potential target, all in one indicator. To adapt to the price and to decrease consecutive trend failures, the internal trend detector algorithm studies the market and dynamically chooses the right values for the internal parameters. This indicator is a perfect trend filter for any strategy or expert advisor. Click here for
99 USD
PZ Harmonacci Patterns MT5
Arturo Lopez Perez
Este é sem dúvida o indicador de reconhecimento automático de formação de preço harmônico mais completo que você pode encontrar para a MetaTrader Platform. Ele detecta 19 padrões diferentes, leva as projeções de Fibonacci tão a sério quanto você, exibe a Zona de Reversão Potencial (PRZ) e encontra níveis adequados de stop loss e take-profit. [ Guia de instalação | Guia de atualização | Solução de problemas | FAQ | Todos os produtos ] Detecta 19 formações harmônicas de preços diferentes Tr
399 USD
Gekko MACD Plus
Rodrigo Galeote
Nome:  Gekko MACD Plus Tipo:  Osciladores Descrição: Este é o indicador MACD customizado da Gekko Trading, a versão customizada do famoso MACD. Use o MACD tradicional mas com a vantagem de configurar diferentes tipos de sinal de entrada e várias formas de ser alertado todas vez que houver um possível ponto de entrada ou saída do mercado. Parâmetros de Entrada: Fast MA Period:  Período da Média Móvel Rápida do MACD (padrão 12); Slow MA Period:  Período da Média Móvel Lenta do MACD (padrão 26); Si
30 USD
Filtro:
Valentin Butorin
3712
Valentin Butorin 2020.07.23 13:35 
 

Usuário não fez qualquer comentário quanto a classificação

rektMan
70
rektMan 2019.04.21 07:07 
 

Usuário não fez qualquer comentário quanto a classificação

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Versão 2.2 2020.04.28
-Implemented Median Renko with no delay

-Implemented no blocking Alert.
(It could be very dangerous to have a pop up window if the user in the while was doing some operation on the market)
Versão 2.0 2020.04.18
-Added median renko mode
-Added push notifications to phone
Versão 1.15 2020.04.15
--Added True Renko visualization Mode
Versão 1.14 2020.03.25
--New publish--
Versão 1.13 2020.03.23
-On bar creation, info are given
Versão 1.12 2019.11.16
Fix: if connection is lost, many push notifications were sent
Versão 1.10 2019.11.04
Added Sync feature
Versão 1.9 2019.11.03
Fix a bug, now indicator can be used with high timeframes
Versão 1.8 2019.09.26
- Added alert on cross between AVGs
- Added push notification cross avg and fix
Versão 1.6 2019.04.07
-Added Exponential Avg also fot the long running
-user can set a custom message in the push message
Versão 1.5 2019.03.17
-Optimized to make it faster
-Custom event fired on a new bar creation