• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • User/Email: Password:
  • 10:52pm
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 10:52pm
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

RENKO Trading SYSTEM - RENKO Indicators 7 replies

New Renko Bar and Reversal Renko Bar Indicator Alert Help Please 5 replies

Charts, Charts, Charts! 1 reply

Sticky Renko Charts 5 replies

MA problem on 1/2 block Renko 1 reply

  • Platform Tech
  • /
  • Reply to Thread
  • Subscribe
  • 334
Attachments: Renko Block Charts
Exit Attachments
Tags: Renko Block Charts
Cancel

Renko Block Charts

  • Last Post
  •  
  • Page 1 23456 68
  • Page 1 234 68
  •  
  • Post #1
  • Quote
  • First Post: Edited Oct 28, 2010 10:32am Aug 10, 2009 10:28am | Edited Oct 28, 2010 10:32am
  •  EllisEdi
  • | Joined May 2006 | Status: Always Learning | 226 Posts
This script is a written a little cleaner, has volume and is a little more efficient than my original one ..great job LastViking , Lou G and everyone who helped and inspired!!!

go here to download:
latest script version
latest indicator version
latest ea version

* * * If you use the paperclip to find your downloads, basically v1.6 was the last script version, v2.1 was the last indicator version, and v3.2 was the last ea version.

Please note - After placing the script/indicator or EA in the proper folder they need to be compiled. The easiest way to do this is to shutdown then restart MT4

Directions for Installing as a script :

Must be done each time you restart mt4:

1. Place the mq4 code in the Experts/scripts directory.

2. Make sure to check the "Allow DLL imports" and "Allow import of external experts" boxes (both of them) are checked. they are under the Saftey section of the Common tab

3. Drop the script on a live chart, preferably the 1 minute chart of any instrument. The comment will tell you which offline chart to open.


Directions for Installing as an Indicator :

1. Place the mq4 code in the Experts/Indicator directory.

2. Make sure to check the "Allow DLL imports" and "Allow import of external experts" boxes (both of them) are checked. they are under the Saftey section of the Common tab

3. Drop the script on a live chart, preferably the 1 minute chart of any instrument. The comment will tell you which offline chart to open.


To install as an EA :

1. Place the mq4 code in the Experts directory.

2. Make sure to check the "Allow DLL imports" and "Allow import of external experts" boxes (both of them) are checked. they are under the Saftey section of the Common tab

3. Also check the "Allow live trading" box in the Live Trading section of the Common tab. Also make sure the Expert Advisors button is depressed in the Gui. When everything is good a smiley face will appear in the upper right hand corner.

4. Drop the ea on a live chart, preferably the 1 minute chart of any instrument. The comment will tell you which offline chart to open.


To view the Renko Chart :

1. To open offline chart : click File(from menu) >Open Offline and pick the chart you want.


Other indicators and EA's for the Renko chart:

Custom indicators and EA's can be dropped onto the offline chart and should work properly. I have only tested a few of my own.



This method for calculating the input for BoxSize is only used when your broker uses 5 digit pricing.

If your broker uses "Fractional pips" or "Pippettes" (5 digit broker, 5 places after decimal on instruments like EUR/USD and 3 decimal places on instruments like GBP/JPY) there are a lot of terms for it, use the following to correctly set up the BoxSize Input variable.

If your BoxSize is set at 15 on you GBP/JPY script(EA) that is really 1.5 pips. Try setting it to 150 for 15 pip blocks. Basically you would have to do that for any Instrument (multiply the number of pips you want by 10 and use that number for BoxSize).



Have fun ...

EllisEdi Moving on to my next trade ...
  • Post #2
  • Quote
  • Aug 10, 2009 11:17am Aug 10, 2009 11:17am
  •  dr_zeus
  • | Joined Sep 2007 | Status: Member | 324 Posts
Thanks for posting this. I've applied it to my chart and will track it next to C4 and THV3 to see how they compare. I don't have the commercial renko script since I don't want to pay for something that I might not use, but I want to test out the Nitro system.

Can you post screenshots of your script and the commercial script side by side for comparison?
 
 
  • Post #3
  • Quote
  • Edited Aug 12, 2009 5:14pm Aug 11, 2009 9:00pm | Edited Aug 12, 2009 5:14pm
  •  fxxx
  • | Joined Dec 2007 | Status: Member | 475 Posts
yes, man, you did it!
your renko script running itself like a champ : ))))))

sorry couldn't ansver earlier - my comp was online - i wasn't ( been checking this yesterday -fall asleep : ((((( demit )
congratulations - basically it "all what was necessary to prove" - updates and runs 1:1 to org. renko script... good man : )))) thanks, Ellis

Attached Image
Attached Image

 
 
  • Post #4
  • Quote
  • Edited Feb 23, 2012 12:13pm Aug 12, 2009 11:09am | Edited Feb 23, 2012 12:13pm
  •  LastViking
  • | Joined Aug 2009 | Status: Member | 58 Posts
I wanted volume in my renko charts, and I wasn't able to folow the logic in the orginal script. So I rewrote it from scratch. I hope no one feel that that I step on their toes for posting this...

Also, this one dosen't gap then hitorical data moves alot while using small boxes (right or wrong, I don't know).

Enjoy
 
 
  • Post #5
  • Quote
  • Aug 12, 2009 5:11pm Aug 12, 2009 5:11pm
  •  fxxx
  • | Joined Dec 2007 | Status: Member | 475 Posts
Quoting LastViking
Disliked
I wanted volume in my renko charts, and I wasn't able to folow the logic in the orginal script. So I rewrote it from scratch. I hope no one feel that that I step on their toes for posting this...

Also, this one dosen't gap then hitorical data moves alot while using small boxes (right or wrong, I don't know).

Enjoy
Attachment 288471
Ignored
sure not- thank you, LK - there are so mahy different XO, ways and approaches ...
p.s. cool first post on FF : )))
 
 
  • Post #6
  • Quote
  • Aug 14, 2009 1:38am Aug 14, 2009 1:38am
  •  juxta14
  • | Joined Aug 2006 | Status: Member | 41 Posts
Has anybody tried programming an EA for the renko chart. Renko seemd to be a good trend following noise filtered chart. Anybody??
 
 
  • Post #7
  • Quote
  • Aug 15, 2009 2:09pm Aug 15, 2009 2:09pm
  •  mezarashii
  • | Joined Nov 2005 | Status: Member | 44 Posts
this is a true gift to experienced traders. I have been using constant range bars and these beat the pants off of that script. Nothing shows the existence of a trend better than renko, I am a convert. Thanks to both posters with their efforts.

settings on my chart are 20. Happy pips to all.
Attached Image (click to enlarge)
Click to Enlarge

Name: renkogj.gif
Size: 28 KB
 
2
  • Post #8
  • Quote
  • Aug 16, 2009 6:54pm Aug 16, 2009 6:54pm
  •  Lobo1
  • | Joined Jan 2008 | Status: Member | 10 Posts
Quoting LastViking
Disliked
I wanted volume in my renko charts, and I wasn't able to folow the logic in the orginal script. So I rewrote it from scratch. I hope no one feel that that I step on their toes for posting this...

Also, this one dosen't gap then hitorical data moves alot while using small boxes (right or wrong, I don't know).

Enjoy
Attachment 288471
Ignored
The scrip is nice but is it possible to see on the chart the price movement with in the blocks?
Looks to me that the price is static at one end of the block.
Is that how is supposed to look?
Ty?
 
 
  • Post #9
  • Quote
  • Aug 17, 2009 2:55pm Aug 17, 2009 2:55pm
  •  LastViking
  • | Joined Aug 2009 | Status: Member | 58 Posts
Quoting Lobo1
Disliked
The scrip is nice but is it possible to see on the chart the price movement with in the blocks?
Looks to me that the price is static at one end of the block.
Is that how is supposed to look?
Ty?
Ignored
Yes, because a new block isn't created before the price has moved more then one blocksize above the curent high or belove curent low. (It's worng too think of it ass price movement with in the block, it can move outside of the block, but no more then one boxsize-(one point).) So you can't easaly dispaly unfinished block/bars in the usual way.
 
 
  • Post #10
  • Quote
  • Aug 17, 2009 7:28pm Aug 17, 2009 7:28pm
  •  Thierry89
  • Joined Mar 2008 | Status: European trader | 215 Posts
The renko seems really great and how much should I pay for a live version that would be usable on MT4 and where can I find it please ?

Do not hesitate to send me a PM.
Thanks
 
 
  • Post #11
  • Quote
  • Aug 17, 2009 7:47pm Aug 17, 2009 7:47pm
  •  fxspeedster
  • | Joined Jun 2009 | Status: Member | 160 Posts
Quoting LastViking
Disliked
I wanted volume in my renko charts, and I wasn't able to folow the logic in the orginal script. So I rewrote it from scratch. I hope no one feel that that I step on their toes for posting this...

Also, this one dosen't gap then hitorical data moves alot while using small boxes (right or wrong, I don't know).

Enjoy
Attachment 288471
Ignored
Hi LastViking,
This is really nice work! I have a couple of Easy Language systems that are based on Tick Bar charts.. Do you think you could convert your script to do Tick Bar Charts? Like every X ticks (15 for example) an OHLC bar is drawn? I've searched everywhere with no luck. It would be so greatly appreciated.

Regards
If it backtests good run it live!
 
 
  • Post #12
  • Quote
  • Aug 18, 2009 12:32am Aug 18, 2009 12:32am
  •  Soondoock
  • | Joined May 2009 | Status: Member | 233 Posts
You can Pm me I can help you with the one.


Quoting Thierry89
Disliked
The renko seems really great and how much should I pay for a live version that would be usable on MT4 and where can I find it please ?

Do not hesitate to send me a PM.
Thanks
Ignored
The Road appears under the steps of walking men...
 
 
  • Post #13
  • Quote
  • Aug 18, 2009 3:43am Aug 18, 2009 3:43am
  •  mahawangsa
  • | Joined Jun 2009 | Status: Member | 8 Posts
hi guys ...how to set this renko in my MT4?...thx.
lurker extraordinaire
 
 
  • Post #14
  • Quote
  • Aug 18, 2009 3:49am Aug 18, 2009 3:49am
  •  Soondoock
  • | Joined May 2009 | Status: Member | 233 Posts
you can find the way watching the video of the author of the Indicator if you use the legal one. Simply Google "Metatrader MT4 Renko bars script" you should find it fast. I mean the renko with live update on your chart. And the one proposed by EllisEdi is really good too. Thank you very much.
The Road appears under the steps of walking men...
 
 
  • Post #15
  • Quote
  • Aug 18, 2009 4:03am Aug 18, 2009 4:03am
  •  mahawangsa
  • | Joined Jun 2009 | Status: Member | 8 Posts
hi guys...

which folder to put it on? the renko...script right? or is it indicator folder?
lurker extraordinaire
 
 
  • Post #16
  • Quote
  • Aug 18, 2009 5:09am Aug 18, 2009 5:09am
  •  FlintFX
  • | Joined Feb 2007 | Status: Member | 29 Posts
Thank you so much for sharing LastViking. Currently testing which is going well.

Guys - you can put it in your experts folder & use as an ea (enabled) & attach to charts once. It updates live each time you relaunch MT4.

Great noise filter & cleaner than constant range bars. Time is eliminated, but instead of watching the charts constantly, hourly closes have most of the movement (like today with GBP).

Play with size settings to suite & remember to add those extra 0's for 5 decimal brokers.

Clean & fresh charts grrreeaaat - thanks again

Flint
 
 
  • Post #17
  • Quote
  • Aug 18, 2009 7:18am Aug 18, 2009 7:18am
  •  LastViking
  • | Joined Aug 2009 | Status: Member | 58 Posts
I just wanted to point out that the script I wrote isn't assosiated with any commercial renko script what so ever. It's given away for free, and done by me. I did not put any copyright on it simply because that while the source code is done by me, the idea's was borowed from other scripts (open source scrips, from here & the mq4 codebase). There is nothing truly orginal in there. (Maybe this was wrong, maybe I should have made it "copyleft" or something).

Don't ask me for a live version, because it's allready updating live provided that you enable DLL calls for the script. (Same is true for EllisEdis script too).

/LV
 
 
  • Post #18
  • Quote
  • Edited 8:57am Aug 18, 2009 8:27am | Edited 8:57am
  •  AJR
  • | Commercial Member | Joined Sep 2007 | 282 Posts
Don't ask me for a live version, because it's allready updating live provided that you enable DLL calls for the script. (Same is true for EllisEdis script too).



Hello,

I did it, but doesn't work. Help please... step by step if you please. I'm not good on mt4 because I don't trade on that platform.

Thank you in advance


Got it...
Lucky millionaire trader
 
 
  • Post #19
  • Quote
  • Aug 18, 2009 5:17pm Aug 18, 2009 5:17pm
  •  Spikehunter
  • Joined Mar 2006 | Status: Member | 692 Posts
I seeem to be getting blocks that are out of sync. Anyone else have this problem.
 
 
  • Post #20
  • Quote
  • Aug 18, 2009 8:23pm Aug 18, 2009 8:23pm
  •  Tigertron
  • | Joined Feb 2009 | Status: Member | 74 Posts
Quoting LastViking
Disliked
Don't ask me for a live version, because it's allready updating live provided that you enable DLL calls for the script. (Same is true for EllisEdis script too).

/LV
Ignored
I didn't know it would do that! Very nice. I thought I had to refresh to update the chart. Very cool.
 
 
  • Platform Tech
  • /
  • Renko Block Charts
  • Reply to Thread
    • Page 1 23456 68
    • Page 1 234 68
0 traders viewing now
  • More
Top of Page
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2023