Market / MetaTrader 5 / Utilities /

Renko chart generator

39 USD

Demo downloaded: 1 850

Published: 24 April 2018

Current version: 2.10

Renko chart generator

4.83

Utilities
Artur Zas
Version: 2.10
Updated: 30 June 2021
Activations: 20

Professional renko charting on a custom symbol chart

accurate pricing to the tick
accurate timeline (no future date projections)
every renko variation in a single package
very responsive charts
optional display of live trade levels on the chart

An Expert Advisor (EA) used to create custom Renko charts and provide real-time updates. This is an MT4 "offline" chart equivalent which is very simple to use. All historical renkos are constructed using real tick data from the broker's server.

You can attach any MT5 compatible indicator or template to the renko chart and perform your technical analysis.

The EA enables creating custom live charts resembling Median Renko, Mean Renko, Turbo Renko, and Better Renko candles as well as Vanilla Renko and Renko with wicks, PointO charts and many more such as UniRenko (search google for UniRenko to UltimateRenko settings converter).

The settings include

Renko body size - Defines the size of the candle body.
Renko body calculation mode - ( pips / ticks/ points / ATR % / % )
Presets (sets 3 values below): Presets for creating several commonly utilized charting types: Renko / Median Renko / PointO / Turbo Renko / Hybrid Renko
Open offset % (0 to ..) - offsets the new trending bar's open value back by % or the defined candle body size (see screenshot)
Reversal Open offset % (0 to ..) - offsets the new reversal bar's open value back by % or the defined candle body size (see screenshot)
Reversal bar size % (0 to ..) - sets the size of the reversal bar as a % or the defined candle body size (see screenshot)
Show wicks (yes/no) - Candlewick visibility setting.
Show history for a number of days (0 to...)
Show history starting from date/time
ATR timeframe setting - for renko body size calculation based on percentage of the ATR indicator calculation on the selected timeframe.
ATR period (1 to...) - ATR indicator's period setting for renko body size calculation based on percentage of the ATR indicator.
Use a percentage of daily ATR (1 to 100) - The percentage of the calculated value to use.
Apply offset to first Renko (yes/no) - Setting used to synchronize the open of the first renko candle based on the offset parameter (below)
Offset value (0 to 100)
Synchronize first bar's open on a new day (yes/no) - Synchronize the first candle's open price with the open price of the daily candle.
Override default custom chart name with (chart name)
Apply template to custom chart - (the user-defined template that will be applied to the renko chart. If you have a "default" template saved, this will be applied by default).
Create chart for backtesting only (yes/no)
Show trade levels on chart (yes/no)

NOTE: Custom symbols on MT5 are not directly tradable. This is by Metatrader5 design. If you want to place trades directly on the custom symbol generated by this product, you will either need a trade panel that offers this functionality or you will need to place trades on the tradable symbol that is used to create the custom chart. Alternatively, you can purchase the indicator version of this charting tool where you can place trades directly on the custom chart.

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ilya_pr 2024.02.18 23:21 #

Great utility! Thank you!

548

Tyler Sanchez 2022.09.27 19:07 #

The generator is very useful thanks for the development Artur

208

Sanbach21 2022.04.27 16:49 #

It is Great job Artur , excellent !!!

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The indicator combines the features of both the Tick charts and Volume Bar charts. The mode can be selected in the indicator's settings. Tick charts measure the number of transactions per bar. To give you an example if you have a 233 tick chart, each bar measures 233 transactions per bar and a new bar is plotted after 233 transactions. You can choose any number of ticks per bar but most traders choose Fibonacci numbers (1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233...). Volume bar charts are desi

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The robust charting solution enables creating custom live range bar charts on the MetaTrader 4 trading platform. You can apply all of the standard and custom indicators and technical studies directly to the range bar charts and you can run EAs directly on these charts as well* (for details see text below the input summary). To create a range bar chart you need to attach the Range Bar indicator to a standard time frame (1 minute is recommended) and use the indicator's settings to generate a live

45 USD

Ultimate Renko is a full implementation of a robust Renko style charting solution for MT4. It enables creating custom live charts resembling Median Renko , Mean Renko , Turbo Renko , and Better Renko candles as well as Vanilla Renko and Renko with wicks , PointO charts, and many more. This all-in-one package provides all of the signals needed by day traders, scalpers, and even long-term traders. You can apply all of the standard and custom indicators and technical studies as well as templates to

45 USD

A countdown timer for the Volume bar chart generator and Tick chart generator products, which are available for download from the MQL5 Market: Tick chart generator: https://www.mql5.com/en/market/product/29215 Volume bar chart generator: https://www.mql5.com/en/market/product/47197 The counter conveniently displays the number of ticks or transactions (depending on the chart) that need to pass for a new bar to start printing. The user can set the following indicator inputs. Volume type

FREE

Robust trading panel for use on any symbol (including RangeBars or Renko custom symbols). The tool can be placed anywhere on the chart and offers the following array of features: One-click instant order entry. Pending order entry using horizontal lines on the chart Pending order entry using keys in Entry price (E/P) and optional Stop Loss (S/L) and/or Take Profit (T/P) A choice between fixed trading volume or risk-based volume calculation based on the available account equity, entry price, and t

30 USD

Create and trade timeframes in seconds. The bar time duration is freely adjustable from 1 second and up. The chart is accurately constructed using real ticks from the broker's server. Main characteristics The indicator is an overlay on the main chart, making it possible to utilize one-click trading and on-chart order manipulation. History calculated using real tick data. Built-in technical studies: 4 moving averages (Simple, Exponential, Smooth, Linear-weighted, Volume-weighted using tick or rea

45 USD

The extreme volume indicator helps identify turning points in the market by pinpointing spots of higher than average volume. Such points usually indicate the start of a trend or a turning point in the market. The indicator averages out volume readings over an extended period of time and calculates a volume threshold level. When this level is breached, it identifies the most likely trend direction using the trend of the candle that breached the volume threshold. The direction indicator (red or gr

10 USD

CMI - Profit from trending and ranging markets. The CMI indicator is a two-part system used to trigger both trend and counter-trend trades, that has been introduced by Daniel Fernandez in an article published in Currency Trading Magazine (August 2011 issue). It is a simple, yet effective indicator, which gauges whether the market has behaved in a choppy (non-directional) manner or trending (directional) manner. CMI calculates the difference between the most recent bar's close and the close n bar

199 USD

The trend scalper candles are used to identify short-term trends based on the readings of the MACD, RSI and ATR indicators. All indicator calculations are visualized by candle colors which are overlapped on the chart. The indicator uses gray , green and red colors to paint individual candles, which gives you a lot of useful and easy to read information. Gray candles Gray candles indicate a range bound period and the information can be used to trade breakouts. Simply mark the high and low of th

30 USD

The professional line break chart generator is used to create live line break charts (i.e. 3 line break ). The chart is plotted using MT4's offline charging facility thus making it possible to trade* directly from the chart as well as attach any of the standard or custom indicators to perform technical analysis. The line break chart can be displayed as the most widely used 3 line break chart or a custom variation such as 2 or 5 line break chart . Wicks can be displayed or hidden on the chart - t

45 USD

The Trade Tracker Library is used to automatically detect and display trade levels on custom charts. It is an especially useful add-on for EAs that trade on custom charts in MT5. With the use of this library, the EA users can see trades as they are placed via the EA (Entry, SL & TP levels) in real-time. The header file and two examples of EA skeleton files are attached in the comments section (first comment). The library will automatically detect the tradable symbol for the following custom

30 USD

Filter:

ilya_pr 2024.02.18 23:21 #

Great utility! Thank you!

548

Tyler Sanchez 2022.09.27 19:07 #

The generator is very useful thanks for the development Artur

208

Sanbach21 2022.04.27 16:49 #

It is Great job Artur , excellent !!!

stevefer50 2020.12.13 17:45 #

I cannot trade on the charts that I have it loaded on. Can't open one click trading or use the right click to trade. Guess I will have to figure this out.

John Estrada 2020.11.17 13:31 #

Works as described with great support from dev

robertos1976 2020.09.26 09:04 #

User didn't leave any comment to the rating

2057

eliseexige 2020.09.23 16:18 #

after multiple attempts during live markets, this is just like the rest of Artur's products. It will freeze, it will refresh the data and screw up custom indicators, and it will cost you because of it. I'd give this a 0 or negative star rating if it were possible. AVOID if you are a serious trader and need stability in fast markets, because you won't get it here. EDIT 2: Artur is working with me on all products to solve issues and I have adjusted the feedback accordingly.

niel phan 2020.05.21 01:10 #

The indicators that plotted on the renko chart kept turning on and off likes Christmas light. Hope for a FIX so I can rate truly this potential great indicator.

163

Henrique Sameshima De Souza 2020.03.16 20:56 #

It works very well, great JOB.

Version 2.10 2021.06.30

Bugfix for %ATR setting

Version 2.9 2021.06.29

Added optional history starting point definition via date/time

Version 2.8 2021.05.17

Added an optional display of live trade levels on the chart.

Version 2.7 2021.05.10

Added new dynamic renko body size algorithm (price % as used on Definedge TradePoint);
Optimized indicator inputs.

Version 2.6 2021.04.28

Optimization

Version 2.5 2021.04.08

Compatibility fixes for long symbol names
Rearranged EA setings into groups

Version 2.3 2020.06.30

Added input for toggling ON/OFF faster chart refresh parameter;
Added option for building a renko chart for backtesting purposes only.

Version 2.2 2020.06.16

Recompiled for better compatibility with the latest MT5 builds

Version 2.1 2020.03.17

Fixed missing bars on rapid price spikes
Chart refresh rate improvement on extremely fast-moving charts (very small renko boxes).

Version 2.0 2020.03.10

Renko body size is now denoted in "ticks"
Updated the tick data engine
Changed time resolution to "seconds" (improves timescale resolution)
Numerous bug fixes

Version 1.23 2019.06.05

Fixed compatibility issue with the latest MT5 build

Version 1.22 2019.04.23

Bug fix + stability improvements

Version 1.21 2019.04.11

Bug fix and code cleanup

Version 1.20 2019.04.05

Bug fix + optimization

Version 1.19 2019.04.04

Reverted back to v1.16/1.17 due to bug in 1.18

Version 1.18 2019.03.27

Bug fixes and code maintenance

Version 1.17 2018.12.19

Bug fix & maintenance update

Version 1.16 2018.12.13

Added: Presets for the most common chart types (Renko, Median Renko, PointO, etc…)
Breaking change: Retracement factor & Symmetry toggle settings have been replaced with:
Open offset % (0 to ..)
Reversal Open offset % (0 to ..)
Reversal bar size % (0 to ..)

Version 1.15 2018.11.22

Maintenance release

Version 1.12 2018.07.09

Added "Apply template to custom chart" setting
Bug fixes

Version 1.11 2018.06.28

Bugfix: Fixed problem with BM&FBovespa

Version 1.10 2018.05.24

Added option to override the default custom chart name with a user-defined value