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Renko Box

5

Description.

The basis for the formation of the Renko chart is the price range. If the price goes beyond its limits, the chart shows a box above or below the previous one. As a result, we see price movement without additional "noise" and important support and resistance levels.

Features.

  • For use in conjunction with the Expert Advisor, an additional buffer is implemented-a box counter.
  • For convenience and to increase the speed of testing, the user can use the "new box" event, which the indicator generates when a new box appears.
  • You can set the size of the "reversal" box.
  • The indicator will always be built the same regardless of the testing start point.
  • There is no "redrawing". Once there, boxing will not change anymore.
  • It will be drawn the same regardless of where it is launched from.

Input parameters:

RenkoBoxSize    = 20;  //Box size

ReversBcnt      = 2;   //Box's for reverse

RenkoBoxDrawCNT = 100; //Box's for draw

Price           = bid; //bid, ask, (ask+bid)/2

RenkoBoxEventId = 123; //Box's event


Reviews 1
EZFYP
30
EZFYP 2024.06.02 00:45 
 

very easy and quick to use. overall it's FREE

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EZFYP
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EZFYP 2024.06.02 00:45 
 

very easy and quick to use. overall it's FREE

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Version 10.70 2024.04.18
Update to ensure compatibility with the latest terminal build
Version 10.60 2022.09.09
Performance improvement.
Version 10.4 2022.07.04
Незначительные улучшения.
Version 10.3 2022.07.03
Незначительные улучшения.
Version 10.2 2022.07.03
Добавлена отправка кастомного события появления нового бокса.