Most forum topics around renko are based on creating charts and/or adding copious complementary indicators to a basic renko strategy. I’m not interested in either of these things. I’m interested in a simple indicator based on renko rules, coded for mt4, with no additional indicators. I would massively appreciate help and I’m willing to pay for it.
I desire a simple renko based indicator. One which creates a buy signal after 4 new bullish bricks in succession, and a sell signal after 4 new successive bearish bricks. I’m planning on 25 pip bricks so it would need to form around ‘round numbers’ of ‘00, 25, 50, 100. As I say, I don’t want a visual representation of the renko chart- simply an indicator which generates signals based on renko rules.
I desire a simple renko based indicator. One which creates a buy signal after 4 new bullish bricks in succession, and a sell signal after 4 new successive bearish bricks. I’m planning on 25 pip bricks so it would need to form around ‘round numbers’ of ‘00, 25, 50, 100. As I say, I don’t want a visual representation of the renko chart- simply an indicator which generates signals based on renko rules.
