Renko Brick Engine With EMA Overlay
- Утилиты
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Felicien Badou Diouf
Founder & CEO of WorkFusionApp, Inc., a Delaware-incorporated U.S. technology company specializing in quantitative trading, algorithmic execution, artificial intelligence, and financial automation. - Версия: 1.0
Free Renko Brick Engine with EMA Overlay No Offline Charts
Builds a Renko brick series directly from live price inside a normal MT5 chart — no offline chart, no history conversion, no external plugin. Bricks are constructed with independent open, high, low and close, and EMA 20/50 are computed on the bricks themselves rather than on time based candles. Every brick is logged so you can verify exactly what the engine built.
WHAT IT DOES
Constructs Renko bricks in-memory from live tick data, plus a seeded run of recent history so it is not starting blank.
A brick only confirms on close - the in-memory brick series is the single source of truth, with no repainting of confirmed bricks.
Computes a fast and a slow EMA directly on brick closes (not on time-based candles), recalculated on every new brick.
Draws the last N bricks and both EMAs directly on the chart, with a live info panel.
Logs every recent brick (close, direction, both EMA values) so the engine behaviour is auditable, not a black box.
INPUTS
Brick size in points, fast and slow EMA length, history bars and timeframe used to seed the engine on attach, number of bricks drawn on the chart, number of recent bricks written to the log.
WHAT IT DOES NOT DO
It does not open, close, or manage any trade - it is a visualization and engine demonstration only. It does not export bricks to an offline chart file.
WHO IT IS FOR
Renko traders who want a native, self-contained brick engine on MetaTrader 5 without external converters. Developers evaluating brick-based EMA logic before building a full trading system on top of it. Free to use - this is a foundation tool, not a signal service.
COMPANION TOOLS
If you trade manually from these charts, two companion utilities cover the protection side. Global Stop Loss and Target Setter is free and applies a Stop Loss and a target to every open position on the symbol with a single click. Global Stop Loss and Target Manager keeps two draggable lines live on the chart, so every position stays in sync as you move them and each new trade inherits the same levels automatically.
Daily Loss Guardian enforces a hard daily loss cutoff with an on chart dashboard, built for challenge and evaluation accounts where a single bad session ends the run. Session Countdown Panel puts a live countdown to every session open and close on your chart, and Wyckoff Schematic Detector labels accumulation and distribution structure automatically as it forms.
Funnel Line
Trading manually alongside this? Two free companion tools you may want: the Global Stop Loss and Take Profit Setter (one click SL, TP and break even on every position — https://www.mql5.com/en/market/product/188180), and if you trade a prop firm or funded account, the Daily Loss Guardian kill switch (https://www.mql5.com/en/market/product/188735).
Free guide: How much can you risk per trade before a prop daily-loss rule ends your challenge? A per-trade risk table for 4% and 5% daily loss limits.
