tgdrela1, can you implement additional modes in your renko bar generator as shown in the picture?

Not at all. Just like my post if you want. I tested your idea with a EA. On EJ and GJ, the strategy did not justify itself. Try this ( url ) with TP = 1 or 2 renko.

Sorry, I'm not the respected MathTrader7, but I would like to answer the question: double c1, lastClose; int OnInit() { //... lastClose = Close[1]; //... } void OnTick() { c1 = Close[1]; if (lastClose != c1) { // any actions lastClose = c1; } }

Open the page url Read the section "How to run it".

Perhaps the reason is that EA "MathTrader7_RenkoChartCreatorEA" supports the following values of the parameter "Renko Price": "Bid", "Ask", "(Bid+Ask)/2".

To test for ordinary Renko - to deceive yourself. For testing, you need to use non-Gap Renko made by MathTrader7 ( url ).

Parameter "ADXEdge" is introduced - the boundary value of indicator ADX(14). Attention! The ADXEdge can't be less than 20. If ADX(14) < ADXEdge, then TP set to 2 renko. If ADX(14) >= ADXEdge, then TP is not set and orders are closed when the trend ...

Please read the thread, starting from here: url

An error crept in when determining a buy signal. Sorry... Please update.

CLOSE[2] <> CLOSE[4]

Now the EA determines the trend by indicator "RenkoStreet_Trend". The parameter TPRatio is introduced - the number of renko for take-profit. If TPRatio = 0, then TP is not set and orders are closed when the trend changes. P.S. The indicator ...

When the trend is up, imho, it is more profitable to enter a bear renko. For sales - mirror.

The filter versus range market is: CLOSE[2] <> CLOSE[4] - for unreliable signal and CLOSE[3] <> CLOSE[5] - for reliable [signal].

Indicator "IINWMARROWS_WITH_ALERT" shows the intersection of the MAs. Accordingly, if you read the arrow on the 1st closed renko, then they are unreliable (my EA parameter IsReliableSignal = false). If you read on the 2nd renko, then there will be ...

Minor corrections ... In particular, TP and SL are now counted from Bid (for buy) and from Ask (for sell).

Also, when using the latest EA release, I was faced with the fact that the signal goes to neighboring renko. I attribute this to the fact that the EA receives unconfirmed signals (signals that can be redrawn). In this regard, he tightened the filter ...

I refuse the “heavy” MA as a filter. However, not really. The filter is applied, as in this post: url

“Heavy” MA is used in the standard way: if the last closing price is higher than the last MA and a buy signal has arrived, then we buy. For sales - mirror (below, a sell signal, we sell). Another thing is that EA buys on a bear renko, and even on ...

Added filter by "heavy" MA. By default, disabled (the param "IsHeavyMAAsFilter" = false). All MA parameters are customizable. Warning! The minimum value of the parameter "HeavyMAPeriod" = 50.

Hi, Sam! 1. Open the chart of the instrument you need on the M1 timeframe; 2. Put EA "MathTrader7_RenkoChartCreatorEA.ex4" on the open chart; in the window that appears, specify the parameters (for example, the size of the renko) and click the "OK" ...