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You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 45343
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- Published:
- 2013.12.23 11:20
- Updated:
- 2016.11.22 07:32
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Indicator: Renko Range Detector
- Detects and displays the fixed size of the Renko Bar/Candle range on the Renko offline chart.
- Fast and easy identification of chart parameters facilitates trading efficiency.
Note: This indicator is intended for use with Renko Bars/Candles, not Standard Bars/Candles.
- Renko Bars/Candles all have the same fixed range value from open to close..
- Note for newbies: A Renko offline charts is generated from a Scripts, or Indicators, or Expert Advisor running on a M1 chart
- Abundant additional information is available on the internet.
Renko Range size calculation: Open - Close for down bar. Close - Open for up bar.
Image:
GBPUSD, M11(offline): 1.41975 - 1.41900 = 75 points = 7.5 pips.

Value Chart as developed by David Stendhal. Value Chart was designed to show the valuation of the market.

ALGLIB math function library (v. 3.5.0) ported to MQL4.

Detects and displays the fixed value of Constant Range Bars/Candles.

It Is placing stop loss and take profit at a given distance. Displays the current status of open orders. For closing of the order it is enough to select and move the label to the left.