RENKO Reversal for MT5. FREE

RENKO Reversal by StockGamblers

https://www.mql5.com/ru/market/product/73335

Actually working RENKO in MT5. Uses "custom symbols" for drawing. You can apply any indicators with complete peace of mind. The movement of the last price is displayed in real during the formation of the "brick".
Put the script in the MQL5/Experts folder. More precisely: C:\Users\user\AppData\Roaming\MetaQuotes\Terminal\terminal_number\MQL5\Experts
Settings:

 

1. ValuePerBar - height of the "brick" in points
2. revCandle - multiplier for the height of the turning "brick". I.e. if the first value is 10 points and the multiplier is 3, then the turning "brick" will be 30 points high.

Important!
Before using, make sure that the broker supplies "trading ticks" to the terminal. Go to "Symbols", select the instrument of interest and go to the "Ticks" tab. Next, select the type of ticks "Last/Volume" and press the "Request" button. As a result, you should get a list of trading ticks with the price and volume.

If a broker does not supply such tick data, the script will not work.
Before closing MT5 it is recommended to close the custom symbol tab with RENKO.

I make englishspeak telegram group https://t.me/stockgamblersenglish
And all my indicators for MT5 you can find at MQL5 market: StockGambler (mql5.com)

Bitcoin. MT5. Renko

MT5 Renko with Anchored VWAP

Ok, let's see stocks options. For example, Apple.

Here it is AAPL Call 155 - Reversal Renko


And the same zone at standart 1H chart

Great stuff, Anton, that's what I was looking for. Would be good to have wicks plotting option, as this renko doesn't show full range.
i.e. the price of US30 reached 36000 (then rolled back a bit), but the chart doesn't show that.

Yes i see.
My programmer intentionally did so, because this is how he studied the construction of RENCO. We will post RANGEBARS soon - there will be tails. And, perhaps, we will do it for RENKO, too, when we have free time. After all, it is a free project