• 概述
  • 评论 (2)
  • 评论 (7)
  • 新特性

Renko Advanced

The Renko Advanced 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 user can decide how to calculate the bars.

The indicator beside the Renko bars, shows also 3 moving averages.
With the version 1.5 also a push notification was introduced when a new bar is created. This feature is very useful for using the indicator with an EA.

PS: This indicator is more noisy than a Renko, but it allows to manage better the delay.

PS2: if nothing is displayed, check input parameter. For low TF it could be needed to turn off the Sync feature


If you want to display easily the difference between the 2 moving averages, you can try the RenkoMACD indicator.


How to use

You can find the lite version of this indicator here: https://www.mql5.com/en/market/product/35711

The only limitation of the lite version is in the brick height parameter (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 the brick height) to have a good representation of historical bars, otherwise the user should adapt the timeframe related to brick height set.

TF affects hystorical values considering that storical data supplies only OHLC values.

PS: please rate this indicator and leave a comment. Do not forget: your feedback is 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 giving you an example you can try EURUSD with 2 RenkoAdv: one with brick at 13 pips and another with brick at 50 pips.


INPUT parameters


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: an alert is shown when there is a new bar

Alert on Avg cross: an alert is shown when there is a cross between averages

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.

Using with an EA


enum Typek
  {
   1,2
  };
//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+
enum Average
  {
   Simple=1,Exponential=2
  };

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

//Example of Call 

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,"Just a comment");


DigitalGeek
94
DigitalGeek 2020.01.29 03:08   

well i though the Renko would be directly in the charts ,ill add review thx u

Rigitti
54
Rigitti 2019.07.22 14:08 
 

This Indicator is very good!

版本 1.13 2020.03.23
Added details about new bar
版本 1.12 2019.11.16
Fix:If connection is lost, many notifications are sent
版本 1.11 2019.11.09
switched off sync feature by default
版本 1.10 2019.11.04
Added Sync functionality
版本 1.9 2019.11.03
Fixed a bug, now the indicator can work also for high timeframes
版本 1.8 2019.07.29
Added push notification cross avg and fix
版本 1.7 2019.07.27
- Added alert on cross between AVGs
版本 1.6 2019.04.07
-Added Exponential Avg also fot the long running
-user can set a custom message in the push message
版本 1.5 2019.03.17
-Optimized to make it faster
-Custom event fired on a new bar creation
版本 1.3 2018.10.14
Added a Simple moving average slower
版本 1.2 2018.09.28
Improved some performances
版本 1.1 2018.09.08
Fix bug for high time frames