RENKO Trading SYSTEM - RENKO Indicators

Hello Traders, Looking at an MT4 RENKO indicators / EAs. I will greatly appreciate if you guys can point me in the right direction or share anything that has worked for you.

I am looking for Indicators or EAs which uses Renko

Is it possible to have the charts having LIVE RENKO rather then having OFFLINE charts on MT4? if so how?

@Guru: have you any idea for Renko trading ?

I had the following strategy in mind, manually it works brilliant

1. Chart tF M8
2. EMA = 55ema

Strategy

1. Break or Bounce of 55ema
2. USe OPTO123 ea as per attached, Using this just to get the 123 setup ( AFTER Break or bounce of 55ema)
3. Enter on renko brick change colour
4. MACD is above the waterline
5. MACD histogram for M8 and M15 rising

The OPTO123 i got it from the forum, the guy who programmed it made it so complicated, maybe deliberately, but it uses a zigzag indicator
Can any programmer simplify this?

Testing this manually on a live account, so far getting good results, but needs to fine tune the entries to get better results.

Any suggestions would be helpful

Dont like to use OFFLINE charts, is there a way out?
Currently using IT0-finance charts for M8 and RENKO and then use an MT4 broker to trade, which means i could lose time by not getting extra pips

I am sure that there must be a RENKO indicator at the bottom, just like macd etc which will do the work and i can have LIVE charts

also M8 not availble on MT4 unless i do OFFLINE

hope the above ideas are usefull - lets build a system together.

Manually getting good results, but often miss the entries thats why need to automate it

Why M8?
have tried many TF - best results are coming from M8

OPTO123 is good ONLY on a trending market, I only use it for the 123 setup
be careful if you guys use it live

this one i have but never used because not interested. if useful please