Hi,
This was Indicator developed by "http://www.doztronics.com" which in turn had certain parts of the code from RLC32. First I want to ascertain the following
a) open of new candle is not changed
b) if brick size is 20 and wick is formed if price action manages to complete only 19 points.
c) of course, price must have moved back again reversed to 19+20 points in order to make the brick of opposite color.
d) wick have to be lean like real chart and should be at the center of the candle.
e) wick have to match the color of candle (so there is no need for a separate color for the wick).
Can anyone help me with the coding.
Well this may not be pure Renko but we now can develop a EA based on this and we have a back testable EA, if trading functions can be added later.
picture speaks thousand words
This was Indicator developed by "http://www.doztronics.com" which in turn had certain parts of the code from RLC32. First I want to ascertain the following
a) open of new candle is not changed
b) if brick size is 20 and wick is formed if price action manages to complete only 19 points.
c) of course, price must have moved back again reversed to 19+20 points in order to make the brick of opposite color.
d) wick have to be lean like real chart and should be at the center of the candle.
e) wick have to match the color of candle (so there is no need for a separate color for the wick).
Can anyone help me with the coding.
Well this may not be pure Renko but we now can develop a EA based on this and we have a back testable EA, if trading functions can be added later.
picture speaks thousand words
Attached File(s)
RenkoShade2_3.mq4
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