What are Renko bars? Difference between Median Renko and Regular Renko bars. Follow me on Twitter. Renko chart software for trading Indian stocks https.

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Hi All, as always sorry for my English coz it's not my native language. In this thread i wanna share my version of adjustable shift renko chart builder indicator. I already share it in Renko with Mihailo thread, but i think i will put in here in platform tech sub forum, so we can discuss anything about her without make people confusing in trading system thread.

We will discuss all about this renko chart builder indicator here. You can use it for naked trading or lingerie trading.lol (1 or 2 pieces addition of indicators consider as lingerie trading.

So, not only this renko chart builder, but we will also add any indicator or tools that we can use for this beautiful lady. =============================================================================================================== MTH Renko Chart Builder Indi Ver 01 Bellow is the parameters of this indicator; StartingPrice = 131; (this is example for EURJPY) u can change according to your selected pairs. Select round numbers for more good result) RenkoBoxSize1 = 5.0; (this is 'brick' size for 1st renko chart, since i change this from integer to double, so if you use 5 digit broker u can create 12.5 point brick size.etc) BoxShiftPercent1 = 50; (this is the 'shifted' function, the example 'shifting' current renko brick 50% from previous brick up/down.

/ median renko. But if u like geometrical trading 'shifted' 1/8 th of brick size will give you 'nearly' 45 / 315 degree angle. For example: if you create 10 point brick size, put 12.5 (%) for shifting value will give you 'smoothed' renko brick angle. Again if you use 5 digit broker, u can 'shifted' less than 1 point/pip but maybe it will 'slowdown' your MT4 so be careful example: BoxSize:5.0 and BoxShiftPercent:10 will give ypu 0.5 point step per brick ) RenkoTimeFrame1 = 2; (well, i believe you already know this, offline time frame for 1st renko chart) RenkoBoxOffset1 = 0; (this is old function for adjusting brick position, but since we use 'starting price', keep the default 0). Ok then, this is one of our lingerie to put on her.

(if you like of course) this is fastTMAline(band), i add small modification so we can change the price selection. Is this repaint? Mixxxer app download iphone. Of course big yes.

And repaint is beautiful. I use 3 instance for High price, Close price and Low price. And I already set the default parameter to match my shifted renko (25% shifted with 5 point brick or bigger) so you only need to select the price type and adjust line color as u like. How to trade with it, well you can 'watch' her for a while to know 'how'. Basically, you can do 'trend following', 'counter trend', 'range' trading with her.

Just keep your 'eye' sharp, with the 'repaint' matter that sometime give you 'hidden clue' about next direction. 'Watch' the change color period.

In my example picture bellow, with Goldenrod color. Mostly this color will appear when price in 'ranging' condition. In trending condition, the 'brick' will almost don't 'touch' the band. And if the 'brick' goes outside the band. Too far, then you know what to do. Next, this is little jewelry for her this code base on the famous B-Clock. I modified it so we can use it in offline renko or range bar chart.

On standard candle chart the time will show remaining bar time for new bar, but in renko or range bar chart it will show elapsed time for current bar. Also it will inform you the brick size of renko chart or bar size of range bar, with offline TF and pair name/symbol, and other info that you can select (on/off).

Feel free to change position and color. Please adjust the Alt_Chart parameter according to your chart type as example in the info note in input parameters tab. Next, this is little jewelry for her this code base on the famous B-Clock.

I modified it so we can use it in offline renko or range bar chart. On standard candle chart the time will show remaining bar time for new bar, but in renko or range bar chart it will show elapsed time for current bar.

Also it will inform you the brick size of renko chart or bar size of range bar, with offline TF and pair name/symbol, and other info that you can select (on/off). Feel free to change position and color. Please adjust the Alt_Chart parameter according to your. IgnoredHi my friend Shinewel. Good to see you here.