Renko Brick Arrows

The 'Renko Brick Arrows' indicator was developed to showcase the traditional renko brick grid pricing on chart.

An alternative to using an offline chart generator for renko grid prices, and a unique charting style to strategize.


Key Features

  • Renko bricks are drawn over the chart without having to generate a new chart.
  • Optional horizontal lines shows where the next arrows are supposed to appear.
  • Both one and two step reversals are available to draw arrows for buy and sell.


      Input Parameters

      • Grid Color = Gainsboro; - Color of the horizontal lines
      • Grid Step = One brick; - One or two step reversal
      • Grid Size = 100; - Point value of renko bricks
      • Grid Width = 1; - Width of the horizontal lines
      • Grid Style = Dot; - Style of the horizontal lines


      Integration

      • This indicator produces 2 buffers Renko Up & Renko Dn with either a price or empty value.


      Improvements

      • Please be sure to leave any ideas, tips and suggestions in the "Reviews" section and they may be included.
      • Improvements to the system could be at any time so we suggest that you possibly backup your copies.



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      「New Release Special Offer」 Title KATANA Scalper Description The KATANA Scalper Momentum Suite is a high-tier analytical ecosystem designed for MetaTrader 5, specifically engineered for traders who demand precision and institutional-grade market analysis. Moving beyond the limitations of standard lagging indicators, it implements a multi-layered algorithmic framework that deciphers market structure by analyzing price "Velocity" and structural exhaustion in real-time. By merging proprietary mome
      PZ Lopez Trend MT4
      PZ TRADING SLU
      Indicators
      Noise filtering: the key to mastering trends This indicator tracks the market trend with an unmatched reliability, by ignoring sudden fluctuations and market noise. It has been designed to trend-trade intraday charts and small timeframes. Its winning ratio is around 85%. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade Find oversold/overbought situations Enjoy noise-free trading at all times Avoid being whipsawed in intraday charts The indi
      Index Statistics and Session Level Analysis
      LEE SAMSON
      Indicators
      Stop Guessing. Start Trading with a Statistical Edge. Stock indices don't trade like forex. They have defined sessions, they gap overnight, and they follow predictable statistical patterns. This indicator gives you the probability data you need to trade indices like the DAX, S&P 500, and Dow Jones with confidence. What Makes This Different Most indicators show you what happened. This one shows you what's likely to happen next.  Every trading day, the indicator analyses your current setup against
      Trend Screener
      STE S.S.COMPANY
      4.79 (95)
      Indicators
      Unlock the Power of Trends Trading with the Trend Screener Indicator: Your Ultimate Trend Trading Solution powered by Fuzzy Logic and Multi-Currencies System! Elevate your trading game with the Trend Screener, the revolutionary trend indicator designed to transform your Metatrader into a powerful Trend Analyzer. This comprehensive tool leverages fuzzy logic and integrates over 13 premium features and three trading strategies, offering unmatched precision and versatility. LIMITED TIME OFFER : Tre
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      Ashkan Hazegh Nikrou
      5 (8)
      Indicators
      Detect Indirection Break Out Signal with high success rate. Introduction to Market Structure Break Out (MSB) , this indicator is an advanced tool designed for both MT4 and MT5 platforms , helping traders view market movement through the lens of price structure. It identifies and highlights key trading signals using arrows and alerts, both in the direction of the trend and against it (reversal signals). One of its standout features is the ability to draw unbroken supply and demand zones , giving
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      Kaijun Wang
      5 (3)
      Indicators
      This indicator is an indicator for automatic wave analysis that is perfect for practical trading! Case... Note:   I am not used to the Western name for wave classification. Influenced by the naming habit of Chaos Theory (Chanzhongshuochan), I named the basic wave as   pen   , the secondary wave band as   segment   , and the segment with trend direction   as main trend segment   (this naming method will be used in future notes, let me tell you in advance), but the algorithm is not closely relat
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      Brian Lillard
      5 (2)
      Utilities
      A more advanced trade plotter indicator that also includes some additional information. Fully customizable to fit the desired look of the chart as well as the historical orders. Be sure that all the order history needed to view has been shown in the Account History tab Ensure that the order history is for example 1 week or 1 month when trading on live account Key Features The indicator has lots of preferences of how you like to see orders on the chart. Each order type has been made customizable
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      Brian Lillard
      4.6 (5)
      Indicators
      The ' Average Bar Chart ' indicator was created to showcase the traditional Heiken Ashi calculation as an exotic charting style. This indicator is known for reducing chart noise for a smoother price action. A dditional indicators are recommended Key Features Candlesticks for OHLC are removed from the chart. Average bars may be shown as complete bars without tails. All functionality and features of this exotic chart are inputs. Input Parameters Chart Timeframe =  PERIOD_CURRENT; - period to set
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      Brian Lillard
      Indicators
      MTF Heiken Ashi MA is a multiple timeframe Heiken Ashi & Moving Average indicator. Fully customizable for advanced & unique Heiken Ashi & Moving Average calculations. Key Features Modified appearance and appeal from the traditional using only H eiken Ashi MA bodies. MTF Higher or lower timeframes available making this it great for trends and scalping. There are many settings that can be non-repaint for signals at a new bar and at bar 0. Inputs Timeframe  = PERIOD_CURRENT - timeframe of Moving
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      Average OHLC ZigZag
      Brian Lillard
      Indicators
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      Chart Bucket
      Brian Lillard
      Utilities
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      Brian Lillard
      Utilities
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      Brian Lillard
      Indicators
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      MTF MA Cross
      Brian Lillard
      Indicators
      The ' MTF MA Cross ' indicator comes from the time tested 'Moving Average Cross' strategy with several options available. The strategy in itself is one that was derived from rigorous testing on what was profitable in a moving average cross. Key Features This indicator contains a fast and slow Moving Average cross with MTF & filtering settings. There are additional settings to filter signals out with how many bars and how many points. Indicator can be no-repaint when set with open prices & NewBa
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      Brian Lillard
      Indicators
      The ' OHLC Moving MTF Average ' indicator comes from the age old 'Moving Average ' strategy with signals available. There are many settings available to customize exactly how you would like to invent your own moving average algo. An advanced customizable stock moving average replacement and also comes with a tradable colorful signal strategy. Default  settings; using custom  OHLC moving average calculations; generates non-repainting trends & scalping signals. Key Features Four prices with a di
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      Brian Lillard
      Indicators
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      MTF MA Cross Advanced
      Brian Lillard
      Indicators
      The ' MTF MA Cross ADV ' indicator comes from MTF Moving Average Cross with  an   advanced algorithm . Fast & slow  m oving average crosses are used for generating up to four arrows for either bar 0 or bar 1. Key Features Advanced algorithm to detect changes in standard moving average cross w/arrows.  There are many settings which can all be non-repaint for signals at a new bar and at bar 0. NewBarConfirm  as 'true' means notifications come from bar 0  & bar 1(false). Audible Alerts, e-mail no
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