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The best renko bar generators

  • #41
  • Nov 28, 2020 12:23pm Nov 28, 2020 12:23pm
Quoting Hutch
{quote} You might wish to try this indicator. It produces normal Renko, median Renko and geometric Renko charts. This indicator can also produce two Renko charts {file}
It just freeze up worthless
  • #42
  • Nov 28, 2020 1:44pm Nov 28, 2020 1:44pm
Quoting wansiman
{quote} It just freeze up worthless
Someone yesterday posted a comment that STS Renko also freezes. I think that the problem is not with the Renko generator but probably with the CPU of your PC but more likely with the memory. Renko uses more CPU and memory than timeframe charts. Another issue is that there is a limitation on the number of charts that can be opened with MT4.
  • #43
  • Nov 29, 2020 10:34am Nov 29, 2020 10:34am
Quoting USAxel2014
Thank you sir... Please I want to know if you can add a range renko bars (like in the screenshot picture), because my strategy is based on ranges... and please I need your confirmation that it's not a repainting renko chart... if it repaint like all the renko charts than what's the best solution!? Please I need your answer... thank you in advance {image}
Check point-o-bars charts from OVO.
  • #44
  • Jan 3, 2021 8:06pm Jan 3, 2021 8:06pm
I recently started renko trading, and this is so far the best script I could find to operate in MT4.

But there is still a problem. I can't get more than 20 renko bars avery time I execute the scrip. That's making that some indicators do not plot properly, or do not plot at all.

Anyone experienced the same and know a solution?

TIA
  • #45
  • Feb 17, 2021 6:54am Feb 17, 2021 6:54am
Quoting Mkoma155
This is the first renko bar generator in an ea version known as evolution renko it is a non repainting ea and it can generate four different forms of renko bars. Enjoy. {file}
Do you have the mq4 file? Or are you willing to do a minor adaptation?
Of course I will re share afterwards if my idea pans out a useful !
  • #46
  • Edited Mar 25, 2021 12:16am Mar 24, 2021 8:35pm | Edited Mar 25, 2021 12:16am
Quoting Intrepidpips
{quote} Just randomly tweaking and checking to see levels of repainting. Mind you I'm using the Ovo generator but that itself still repaints. Check out these 2 screenshots and be amazed at repainting. {image} {image}
I know this post is old but I did feel shocked that OVO indicator itself miscalculates!
I have been trading for years and traded OVO for few years.
Have not really noticed any renko miscalculation..
I randomly found your post and very disappointed.

Recently I have been using some EAs to trade on smaller box sizes after analyzing big box charts so I do not have to monitor smaller box size breakouts or trend continuation.
If I spot something, I will share a screenshot.

Did you find that issue still persists to date?
  • #47
  • Mar 24, 2021 8:44pm Mar 24, 2021 8:44pm
For MT5,

What do you mates think of the free KT Renko EA?

I have rented couple of MT5 Renko generators and they all froze on me and gave me poor performance.

I then tried KT for MT5 and found it is better than the commercial ones.

I used to backtest without any issue but have not yet traded on MT5 with this Renko generator.

My observation so far is that it is quite smooth and very light and no freezing issues or slowing performance.
I can not comment on any miscalculations as I have not forward tested it yet.

Iam keen on knowing your experience if any one has used it.
  • #48
  • Apr 1, 2021 3:46am Apr 1, 2021 3:46am
Quoting mtharwat
For MT5, What do you mates think of the free KT Renko EA? I have rented couple of MT5 Renko generators and they all froze on me and gave me poor performance. I then tried KT for MT5 and found it is better than the commercial ones. I used to backtest without any issue but have not yet traded on MT5 with this Renko generator. My observation so far is that it is quite smooth and very light and no freezing issues or slowing performance. I can not comment on any miscalculations as I have not forward tested it yet. Iam keen on knowing your experience...

Thanks for the information, I have been trying out several Renko chart generators for MT5 but they were inadequate, I even rented a commercial one but my laptop OS is incompatible with it, the KT generator is just perfect.

Thanks once more.
Let it turn and find your entry.
  • #49
  • Apr 1, 2021 3:52am Apr 1, 2021 3:52am
Quoting mtharwat
{quote} I know this post is old but I did feel shocked that OVO indicator itself miscalculates! I have been trading for years and traded OVO for few years. Have not really noticed any renko miscalculation.. I randomly found your post and very disappointed. Recently I have been using some EAs to trade on smaller box sizes after analyzing big box charts so I do not have to monitor smaller box size breakouts or trend continuation. If I spot something, I will share a screenshot. Did you find that issue still persists to date?

Noticing the repainting comes with screen time, I have tried countless combinations of brick size and I find that it's not deliberate it's just the nature of offline or second hand streamed data, to lag and recalculate.
Even with the minor repainting you will still be profitable in the end unlike some other generators where you get signaled short or long while price action is doing the opposite of what you are trading off of.
I think it's a major concern for those of us that trade with indicators and not with bare charts like you.
Let it turn and find your entry.
  • #50
  • Apr 1, 2021 6:53am Apr 1, 2021 6:53am
Quoting Intrepidpips
{quote} Thanks for the information, I have been trying out several Renko chart generators for MT5 but they were inadequate, I even rented a commercial one but my laptop OS is incompatible with it, the KT generator is just perfect. Thanks once more.
You are most welcome.
  • #51
  • Apr 1, 2021 9:11am Apr 1, 2021 9:11am
Quoting mtharwat
{quote} You are most welcome.
I have been using the KT all day, I noticed some limitations and the inevitable repainting, but it should serve me well while waiting for OVO to upgrade to MT5.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: KT RENKO.png Size: 79 KB
Click to Enlarge Name: KT RENKO 1.png Size: 62 KB
Let it turn and find your entry.
  • #52
  • Apr 5, 2021 1:49pm Apr 5, 2021 1:49pm
Quoting Intrepidpips
{quote} Just randomly tweaking and checking to see levels of repainting. Mind you I'm using the Ovo generator but that itself still repaints. Check out these 2 screenshots and be amazed at repainting. {image} {image}
Someone asked for this template but unfortunately, I couldn't find it, here's the next best I could find.
Hope it helps
Attached Image (click to enlarge)
Click to Enlarge Name: EMER.png Size: 77 KB

Trade cautiously because the moving average crossover signal repaints if the move is not sustained.

Attached File(s)
File Type: rar EMERGENCE.rar   225 KB | 1,661 downloads
Let it turn and find your entry.
  • #53
  • Sep 28, 2021 7:15pm Sep 28, 2021 7:15pm
Quoting Intrepidpips
{quote} I have been using the KT all day, I noticed some limitations and the inevitable repainting, but it should serve me well while waiting for OVO to upgrade to MT5. {image} {image}
Do you mind sharing your template files for these?
  • #54
  • Edited 8:58am Sep 29, 2021 8:46am | Edited 8:58am
Quoting fatolepig
{quote} Do you mind sharing your template files for these?

It's MT5
Attached Image (click to enlarge)
Click to Enlarge Name: MT5 RENKO.png Size: 104 KB
Let it turn and find your entry.
  • #55
  • Jun 18, 2022 1:59am Jun 18, 2022 1:59am
hello all, im not sure if this has been answered, im trying to run my EA on renko on three different charts. i can set up and run the first chart no problem.
its been operating perfectly for 2 weeks on gb/us.
i then tried setting up an oil chart but the second i opened the offline chart, everything froze. I could not do anything and in the end had to uninstall mt4 and start again with a fresh download, luckily it was only on a demo. but i would like to have multiple renko charts on the live account.

someone said it might be the renko generator, is this right?
  • #56
  • Sep 12, 2023 4:16am Sep 12, 2023 4:16am
Quoting mtharwat
For MT5, What do you mates think of the free KT Renko EA? I have rented couple of MT5 Renko generators and they all froze on me and gave me poor performance. I then tried KT for MT5 and found it is better than the commercial ones. I used to backtest without any issue but have not yet traded on MT5 with this Renko generator. My observation so far is that it is quite smooth and very light and no freezing issues or slowing performance. I can not comment on any miscalculations as I have not forward tested it yet. Iam keen on knowing your experience...
Can you post the Renko Generator for MT5, I have been searching for one all day and can't find it. Thanks!
  • #57
  • Jan 22, 2025 5:58am Jan 22, 2025 5:58am
Quoting Mkoma155
This is the first renko bar generator in an ea version known as evolution renko it is a non repainting ea and it can generate four different forms of renko bars. Enjoy. {file}
Hello, thank you for sharing this version, my question is, is there a similar version for mt5 that you can share that has the ability to set the reverse candle or reverse?
  • #58
  • Last Post: Mar 10, 2026 10:48am Mar 10, 2026 10:48am
can you please add the option to can control the reversal bar size as we want ?
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