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Renko bars builder

FREE

Published: 12 August 2021

Current version: 1.1

Renko bars builder

Name: Renko bars builder
Rating: 5 (4 reviews)
Author: Navdeep Singh

Indicators
Navdeep Singh
Version: 1.1
Updated: 16 August 2021

The indicator builds a Renko chart in the sub window for the current symbol. The bars are formed from live data and the desired bar size can be set in the inputs tab.

Most importantly, because the Renko chart only uses price to construct bars and ignores time, the indicator can be applied to any time frame and same results can be achieved.

Recommended usage

As Renko charts are famous for eliminating noise so traders can use this tool to see clear picture of the trend to help their analysis, entries & exits.

Parameters

Bar length in points
Bullish bar color
Bearish bar color
Bar width

more...

5962

Francisco Rayol 2023.10.11 19:44 #

Great indicator!

350

zofesu 2023.04.04 22:35 #

Excellent plugin for removing noise, it's a bit of a shame that after turning off MT4 and turning it on again, the data disappears and I have to wait for the new current data to be loaded. I haven't found any better option yet, that's why 5 stars

146

Wojciech 2021.10.29 08:02 #

You did a really great job. Perfect indicator, easy to install, works flawlessly. Thank you.

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