Smart Renko MT4

Introduction to Smart Renko

The main characteristics of Renko Charting concern price movement. To give you some idea on its working principle, Renko chart is constructed by placing a brick over or below when the price make the movement beyond a predefined range, called brick height. Therefore, naturally one can see clear price movement with less noise than other charting type. Renko charting can provide much clearer trend direction and it helps to identify important support and resistance level more clearly. As Renko charting does not use time, original Renko charting have some difficulties to be used together with other technical indicators. Especially backtesting of your strategy using typical Renko charting is very difficult and time consuming. However, we brought Smart Renko Chart here. Smart Renko overcomes the limitation of traditional Renko charting and it brings you many other benefits for your efficient trading.

Main Features of Smart Renko

  • You can use any timeframe to calculate your Renko bricks including M1 and M5.
  • Smart Renko will show you generally agreeable trend movement towards all timeframe.
  • You can display spread view of Renko bricks on your main chart allowing you to backtest with other technical indicators.
  • You can cross reference between the Renko bricks on your main chart and Renko bricks on your indicator chart. (Simply just double click on your main chart or indicator chart. You will see reference lines on both charts.)
  • Smart Renko includes automatic brick height calculation using Standard Deviation and Z value. Therefore even a starter can use this Smart Renko Indicator.
  • Smart Renko will indicate the future brick level for buy and sell bricks in advance.

Some Note on Smart Renko

  • Smart Renko must be used together with other indicator. You can use it with many built-in technical indicators successfully, such as MACD, RSI or Stoch, Moving Average to construct your trading strategy.
  • Line chart is preferred with Smart Renko. Therefore, in default setting, Smart Renko uses line chart. However, you can always switch off the line chart and use candlestick chart.
  • Renko chart should be calculated using M1 data. You can choose M1 timeframe for its calculation with Smart Renko. However, most brokers have short historical data for M1 timeframe. Therefore, default timeframe for calculation is M5 timeframe.
  • It is possible to draw bricks on entire historical data. This may slow down your trading terminal.
  • For Brick Height Mode = 1, Smart Renko will use Standard deviation to calculate brick height automatically. Use the common Z value sensibly such as 1.0, 1.68, 1.96, etc. for profitable trading.
  • For Brick Height Mode = 0, you can input any brick height in pips. Smart Renko will use your input to construct the Renko Chart.
  • Hit R key on your keyboard When Smart Renko does not load automatically at start up. This happens due to initial data loading on sub-timeframe (M1, M5, etc.) of current timeframe.
  • Smart Renko uses sub-timeframe (M1 or M5) for brick calculation and it displays bricks on the current timeframe. Do not use weekly or monthly chart. M1 or M5 timeframe mostly does not have sufficient data to draw Renko brick on weekly and monthly chart.

Trading Strategy Guide

You can use Smart Renko together with any of following technical analysis.

Guide for Volume Spread Analysis

Guide for Harmonic Pattern Detection Indicator

Guide for Momentum Indicator

Guide for Supply Demand Indicator

Guide for Triangle Pattern, Falling Wedge Pattern, Rising Wedge Pattern and Channel

Guide for Elliott Wave Indicator

Important Note

This is the off the shelf product. Therefore, we do not accept any modification or customization request on this product. In addition, we do not provide any code library or any support for your coding for this product.

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Robby Suhendrawan
MT4 İçin Ultimate AIO ICT Concept Indicator: Smart Money Concepts'te Otomatik Olarak Uzmanlaşın Her gün ekranlarınızı manuel olarak çizmek için saatler harcamaktan yoruldunuz mu? AIO ICT Concept göstergesi, Smart Money Concepts'te ustalaşmak için eksiksiz, hepsi bir arada çözümünüzdür. Manuel teknik analizin tahmin yürütme ve duygusal yorgunluğunu ortadan kaldırmak için tasarlanan bu güçlü algoritmik araç, en kritik fiyat hareketi öğelerini (price action) doğrudan grafiğinize otomatik olarak eşl
"The Squeeze indicator attempts to identify periods of consolidation in a market. In general the market is either in a period of quiet consolidation or vertical price discovery. By identifying these calm periods, we have a better opportunity of getting into trades with the potential for larger moves. Once a market enters into a "squeeze," we watch the overall market momentum to help forecast the market direction and await a release of market energy." Modified TTM Squeeze Indicator is a modifica
This is a professional chart indicator designed for traders focused on stability and clear price action. It helps filter market noise and provides clear visual entry and exit zones for your trading decisions. Core Features: Strictly Non-Repainting: The system is built with strict non-repaint logic. What you see on the chart is the true historical performance. Confirmed Signals: Signals are triggered and confirmed only after the candle closes . Once a trading arrow appears on a closed candle, it
Currency Pulse — MetaTrader 4 için döviz gücü sıralama paneli Ne işe yarar Currency Pulse, grafiğinizdeki tek bir kompakt panelde, şu anda hangi para birimlerinin güçlü, hangilerinin zayıf olduğunu aynı anda birden fazla zaman diliminde gösterir. Bu sıralamadan yola çıkarak para birimleri arasındaki ayrışmanın en geniş olduğu pariteleri işaret eder: güçlüyü al, zayıfı sat. Gösterge, takılı olduğu grafiğin sembolünden bağımsızdır. MT5-version:  https://www.mql5.com/en/market/product/200977 Nasıl
Gann Made Easy
Oleg Rodin
4.84 (172)
Gann Made Easy , bay teorisini kullanarak ticaretin en iyi ilkelerine dayanan, profesyonel ve kullanımı kolay bir Forex ticaret sistemidir. WD Gann. Gösterge, Zararı Durdur ve Kâr Al Seviyeleri dahil olmak üzere doğru SATIN AL ve SAT sinyalleri sağlar. PUSH bildirimlerini kullanarak hareket halindeyken bile işlem yapabilirsiniz. Satın alma işleminden sonra, alım satım talimatlarını ve harika ek göstergeleri ücretsiz olarak almak için lütfen benimle iletişime geçin! Muhtemelen Gann ticaret yöntem
Quantum Trend Sniper MT4
Ian Andrew Nicholson
5 (1)
Quantum Trend Sniper PRO for MetaTrader 4 Quantum Trend Sniper PRO is a professional-grade MT4 indicator built for traders who want selective entries, clear trade structure, and live on-chart decision support . This is not a basic buy/sell arrow tool. It is a complete trading workflow that helps you identify higher-quality setups, project the full trade structure, monitor progression through multiple profit targets, and review trade behavior directly on the chart. Designed for traders who value
Indicator plots price cycle blocks and sends signals with smart volume confirmation. Price cycles and fractals are combined to determine the demand/supply blocks. The indicator can be used alone or combined with other Cycle Indicators Inputs: Period: Recommended value is between 35 and 55( Which are Set 1 and Set 2 periods of cycle sniper ) Engulfing: If true, you will be able to see the engulfing bar confirmation. Volume Filter: True (The  arrow comes with volume confirmation ) Videos with dif
GoldRush Trend Ok Sinyali GoldRush Trend Ok Sinyali göstergesi, XAU/USD'de yüksek hızlı, kısa vadeli scalperlar için özel olarak tasarlanmış hassas, gerçek zamanlı trend analizi sağlar. 1 dakikalık zaman dilimi için özel olarak tasarlanan bu araç, net giriş noktaları için yön okları gösterir ve scalper'ların değişken piyasa koşullarında güvenle hareket etmelerini sağlar. Gösterge, PRIMARY ve SECONDARY uyarı oklarından oluşur. PRIMARY sinyalleri, trend yönündeki değişikliği gösteren Beyaz ve
DayTrader PRO MT4
Davit Beridze
4.6 (10)
DayTrader PRO MT5:  https://www.mql5.com/en/market/product/186222 DayTrader PRO, John Ehlers'in Laguerre filtresini güçlü bir otomatik optimizasyon motoruyla birleştiren gelişmiş bir alım satım indikatörüdür. Sabit parametreler kullanmak yerine, indikatör yakın piyasa koşullarına göre en iyi ayarları otomatik olarak arar ve sürekli manuel ayarlamalar yapmadan değişen piyasa volatilitesine uyum sağlamanıza yardımcı olur. İndikatör, net ALIM (BUY) ve SATIM (SELL) sinyallerinin yanı sıra mevcut piy
Precision Index Osilatörü (Pi-Osc) - Precision Trading Systems'dan Roger Medcalf Sürüm 2, grafiklerinizde hızlı bir şekilde yüklenmek üzere dikkatle yeniden kodlandı ve deneyimi artırmak için bazı teknik geliştirmeler de içerdi. Pi-Osc, herkesin stoplarını almak için zorlanan pazarların gitmek zorunda kaldığı aşırı yorgunluk noktalarını bulmak için tasarlanmış doğru ticaret zamanlama sinyalleri sunmak amacıyla oluşturuldu. Bu ürün, aşırı noktaların nerede olduğunu bilmek gibi yaşlı bir sorun
KURAMA GOLD SIGNAL PRO (MT4) — 7 Katmanlı Filtre, Otomatik TP/SL, Kalite Puanı ve Sinyal Geçmişi Kaydı | Eksiksiz XAUUSD Ticaret Sistemi Gerçek zamanlı olarak yeniden çizmez. Bir sinyal belirdiği anda ok, giriş, TP ve SL anında sabitlenir ve sonradan hareket etmez. Sizin işlem yaptığınız şey bu gerçek zamanlı sinyaldir. Ve v7.20'de, gerçekten gönderilen her sinyal otomatik olarak kaydedilir ve yeniden başlatmanın ardından olduğu gibi geri yüklenir. ALICILARA ÖZEL HEDİYE
Cumulative Delta Pro
Stanislav Konin
5 (2)
Cumulative Delta Pro , piyasa emir akışı analizini tamamen yeni bir seviyeye taşıyan profesyonel bir göstergedir. Kümülatif delta, alış ve satış hacimleri arasındaki farkın, hesaplama başlangıç noktasından itibaren belirli bir süre boyunca sürekli birikimli toplam olarak gösterilmesidir. Bu gösterge, piyasayı kimin kontrol ettiğini gerçek zamanlı görmenizi sağlar: pozitif delta artıyorsa agresif alıcılar baskındır, negatif delta düşüyorsa satıcılar ağır basar. Cumulative Delta Pro , verilerin yo
Advanced Supply Demand
Bernhard Schweigert
4.91 (302)
Özel Ticaret –%30 İndirim Yeni Başlayanlar veya Uzman Yatırımcılar İçin En İyi Çözüm! Bu gösterge, bir dizi özel özellik ve yeni bir formül içerdiği için benzersiz, yüksek kaliteli ve uygun fiyatlı bir işlem aracıdır. Bu güncelleme ile çift zaman dilimi bölgeleri gösterebileceksiniz. Sadece daha yüksek bir zaman dilimini değil, hem grafik zaman dilimini hem de daha yüksek zaman dilimini gösterebileceksiniz: İÇ İÇE GEÇMİŞ BÖLGELER GÖSTERİYOR. Tüm Arz Talep yatırımcıları buna bayılacak. :) Önem
Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to sh
Quantum Naked SMC Prime is a streamlined Smart Money Concepts indicator designed for traders who prefer a clean chart, structured market analysis and clear visual trade setups without unnecessary complexity. The indicator combines market structure, liquidity behavior, institutional zones and confirmation logic into a compact analytical framework. Instead of flooding the chart with technical indicators, Quantum Naked SMC Prime focuses on the core elements of price action and Smart Money Concepts
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Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to sh
Introduction to Fractal Pattern Scanner Fractal Indicator refers to the technical indicator that makes use of the fractal geometry found in the financial market. Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. The most important feature in Fractal Pattern Scanner is the ability to measure the turning point probability as well as the trend probabi
Introduction Excessive Momentum Indicator is the momentum indicator to measure the excessive momentum directly from raw price series. Hence, this is an extended price action and pattern trading. Excessive Momentum Indicator was originally developed by Young Ho Seo. This indicator demonstrates the concept of Equilibrium Fractal Wave and Practical Application at the same time. Excessive Momentum detects the market anomaly. Excessive momentum will give us a lot of clue about potential reversal and
Price Breakout pattern Scanner is the automatic scanner for traders and investors. It can detect following patterns automatically from your chart. Head and Shoulder - Common tradable pattern. Reverse Head and Shoulder - This pattern is the reverse formation of the Head and Shoulder. Double Top - When the price hits resistance level twice and decline toward the support level, the trader can anticipate sudden bearish breakout through the support level. Double Bottom - The double bottom pattern is
Introduction Harmonic Patterns are best used to predict potential turning point. Traditionally, Harmonic Pattern was identified manually connecting peaks and troughs points in the chart. Manual harmonic pattern detection is painfully tedious and not suitable for everyone. You are often exposed under subjective pattern identification with manual pattern detection. To avoid these limitations, Harmonic Pattern Plus was designed to automate your harmonic pattern detection process. The functionality
Mean Reversion Supply Demand Indicator Mean Reversion Supply Demand is the indicator to detect the important supply demand zone in your chart. The concept of supply demand trading relies on the quantity mismatching between buying and selling volumes in the financial market. Typically, supply demand zone serves to predict the turning point. The wave pattern, for any supply demand zone to work as an successful trade, looks like the price must touch the base zone, move away and then return to zone
Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
Introduction to EFW Analytics EFW Analytics was designed to accomplish the statement "We trade because there are regularities in the financial market". EFW Analytics is a set of tools designed to maximize your trading performance by capturing the repeating fractal geometry, known as the fifth regularity in the financial market. The functionality of EFW Analytics consists of three parts. Firstly, Equilibrium Fractal Wave Index is an exploratory tool to support your trading logic to choose which r
Ace Supply Demand Zone Indicator The concept of supply demand relies on the quantity mismatching between buying and selling volumes in the financial market. Supply and demand zone can provide the good entry and exit. A zone is easier to trade than a line. The supply demand zone can provide the detailed trading plan and the risk management. Its ability to predict market direction is high. There are two distinctive points about Ace Supply Demand Zone Indicator. Ace Supply Demand Zone indicator was
Peak Trough Analysis is the great tool to detect peaks and troughs in your chart. Peak Trough Analysis tool can use three different peaks and troughs detection algorithm. The three algorithm include the orignal Fractals Indicator by Bill Williams, the Modified Fractals indicator and ZigZag indicator. You can use this peak and trough analysis tool to detect the price pattern made up from Equilibrium Fractal-Wave process. For further usage, there are good guide line on how to use this peak trough
FREE
Introduction Harmonic Patterns are best used to predict potential turning point. Traditionally, Harmonic Pattern was identified manually connecting peaks and troughs points in the chart. Manual harmonic pattern detection is painfully tedious and not suitable for everyone. You are often exposed under subjective pattern identification with manual pattern detection. To avoid these limitations, Harmonic Pattern Plus was designed to automate your harmonic pattern detection process. The functionality
Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
FREE
Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
FREE
Introduction Auto Chart Alert is a convenient tool to set alert for your trading in your chart. With Auto Chart Alert, you can set the alert line in one click in your desired location in your chart. You can even set alert over the sloped lines in your chart. Auto Chart Alert is a great tool when you have to watch out importnat support and resistance levels for your trading. You can receive the sound alert, email and push notification when the price hit the alert line at you desired location. Au
FREE
Peak Trough Analysis is the great tool to detect peaks and troughs in your chart. Peak Trough Analysis tool can use three different peaks and troughs detection algorithm. The three algorithm include the orignal Fractals Indicator by Bill Williams, the Modified Fractals indicator and ZigZag indicator. You can use this peak and trough analysis tool to detect the price pattern made up from Equilibrium Fractal-Wave process. For further usage, there are good guide line on how to use this peak trough
FREE
Introduction To Time Box Indicator Time Box Indicator is a must have indicator for any trader. It will display daily, weekly and Monthly box according to your preferences. Yet, you can extend any important price levels in your chart automatically. You can use them as the significant support and resistance levels. It is very simple but effective tool for your trading. Graphic Setting Use White Chart Line Style for Current Open price Daily Setting Update Timeframe for daily box Number of days to
FREE
Introduction To Time Box Indicator Time Box Indicator is a must have indicator for any trader. It will display daily, weekly and Monthly box according to your preferences. Yet, you can extend any important price levels in your chart automatically. You can use them as the significant support and resistance levels. It is very simple but effective tool for your trading. Graphic Setting Use White Chart Line Style for Current Open price Daily Setting Update Timeframe for daily box Number of days to
FREE
Introduction to Fractal Moving Average Fractal Moving Average indicator was designed as part of Fractal Pattern Scanner. Inside Fractal Pattern Scanner, Fractal Moving Average Indicator was implemented as multiple of chart objects. With over thousands of chart object, we find that it was not the best and efficient ways to operate the indicator. It was computationally too heavy for the indicator. Hence, we decide to implement the indicator version of Fractal Moving Average indicator to benefit ou
FREE
Introduction to Fractal Moving Average Fractal Moving Average indicator was designed as part of Fractal Pattern Scanner. Inside Fractal Pattern Scanner, Fractal Moving Average Indicator was implemented as multiple of chart objects. With over thousands of chart object, we find that it was not the best and efficient ways to operate the indicator. It was computationally too heavy for the indicator. Hence, we decide to implement the indicator version of Fractal Moving Average indicator to benefit o
FREE
Introduction to Order Risk Management EA ORM EA is specially designed for fast and accurate market order execution to be used with our Price Action and Econometric Trading strategies listed below. ORM EA is fully automatic and ORM EA is also very easy to use. ORM EA is totally free of charge. You can also use this robust order execution feature of this ORM EA for any other your own trading strategy. Trading Strategy Guide Order Risk Management EA provides the guide for the risk management for y
FREE
Introduction to GARCH Indicator GARCH is the short initial for Generalized Autoregressive Conditional Heteroskedasticity and it is the volatility prediction model commonly used in financial industry. GARCH model was first appeared in the work by Danish Economist, Tim Peter Bollerslev in 1986. The 2003 Nobel Prize winner, Robert F Engle also added much contribution for the refinement of GARCH model with Tim’s work. Our GARCH INM predictor took the original method of Nelder Mead for GARCH model bu
FREE
Introduction to Order Risk Management EA ORM EA is specially designed for fast and accurate market order execution to be used with our Price Action and Econometric Trading strategies listed below. ORM EA is fully automatic and ORM EA is also very easy to use. ORM EA is totally free of charge. You can also use this robust order execution feature of this ORM EA for any other your own trading strategy. Trading Strategy Guide Order Risk Management EA provides the guide for the risk management for y
FREE
Introduction Auto Chart Alert is a convenient tool to set alert for your trading in your chart. With Auto Chart Alert, you can set the alert line in one click in your desired location in your chart. You can even set alert over the sloped lines in your chart. Auto Chart Alert is a great tool when you have to watch out importnat support and resistance levels for your trading. You can receive the sound alert, email and push notification when the price hit the alert line at you desired location. Au
FREE
Introduction to GARCH Indicator GARCH is the short initial for Generalized Autoregressive Conditional Heteroskedasticity and it is the volatility prediction model commonly used in financial industry. GARCH model was first appeared in the work by Danish Economist, Tim Peter Bollerslev in 1986. The 2003 Nobel Prize winner, Robert F Engle also added much contribution for the refinement of GARCH model with Tim’s work. Our GARCH INM predictor took the original method of Nelder Mead for GARCH model bu
FREE
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
Introduction to Sideways Market Analyzer Notable period of Low volatility and non-trending movements in the financial market is considered as Sideways Market. Sooner or later, the low volatility will increase and the price will pick up a trend after Sideways Market. In terms of trading point of view, Sideways Market can serve as the very good entry timing for traders. Sideways Market is also quite often the representation of accumulation of large orders from big investors. Therefore, knowing the
Introduction to Harmonic Pattern Scenario Planner The present state of Forex market can go through many different possible price paths to reach its future destination. Future is dynamic. Therefore, planning your trade with possible future scenario is an important step for your success. To meet such a powerful concept, we introduce the Harmonic Pattern Scenario Planner, the first predictive Harmonic Pattern Tool in the world among its kind. Main Features Predicting future patterns for scenario
Introduction to Support Resistance Indicator Support and Resistance are the important price levels to watch out during intraday market. These price levels are often tested before development of new trend or often stop the existing trend causing trend reversal at this point. Highly precise support and resistance are indispensable for experienced traders. Many typical trading strategies like breakout or trend reversal can be played well around these support and resistance levels. The Precision Sup
This innovative technical indicator was created to detect quiet market period before the beginning of the high volatile market. Like many good technical indicators, this Market Activity Index is very stable and it is widely applicable to many financial and non financial instruments without too much restriction. The Market Activity Index can be used best to visualize the alternating form of low and high volatile market. It is very useful tool to pick up the quiet market but ironically this is the
Introduction To Turning Point Indicator The trajectories of Financial Market movement are very much like the polynomial curvatures with the presence of random fluctuations. It is quite common to read that scientist can decompose the financial data into many different cyclic components. If or any if the financial market possess at least one cycle, then the turning point must be present for that financial market data. With this assumption, most of financial market data should possesses the multipl
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