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MT4-Indicator: Adjustable Shift Renko Chart Builder Indicator

  • #21
  • Oct 24, 2013 1:14pm Oct 24, 2013 1:14pm
Quoting mara1
{quote} Hello Zokynho it is posible to share with use your template reg
Here you go!

Regards!
Attached File(s)
File Type: tpl template_name.tpl   7 KB | 2,725 downloads
File Type: mq4 MACD Alert2 (1).mq4   4 KB | 3,033 downloads
File Type: ex4 Grid.ex4   5 KB | 2,769 downloads
File Type: mq4 TMS-Osc Cross (2).mq4   11 KB | 3,130 downloads
  • #22
  • Edited 5:10pm Oct 24, 2013 1:53pm | Edited 5:10pm
Quoting Zokynho
{quote} Here you go! Regards! {file} {file} {file} {file}


Thank You Zokyho for fast reply

I like it


But Can you tell mee plase why, Fast TMA Line Repaint?!



thx for answer...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: A.png Size: 253 KB
Click to Enlarge Name: B.png Size: 286 KB
  • #23
  • Oct 24, 2013 6:55pm Oct 24, 2013 6:55pm
Hi Kiads!

Do you have the mql version of this Median Renko Bar indicator? I would like to modify it so I can simulate with it and I will gladly share it here so someone else can simulate with it as well.

Thank you!
Focus, Patience, Determination & Order in chaos
  • #24
  • Oct 24, 2013 10:33pm Oct 24, 2013 10:33pm
Quoting saver0
Hi Kiads! Do you have the mql version of this Median Renko Bar indicator? I would like to modify it so I can simulate with it and I will gladly share it here so someone else can simulate with it as well. Thank you!
Hi Saver0, I'm so sorry i can't share my source code.. i hope you understand, but basically this is just same to another renko chart builder tools, that you can find a lot in this forum. also in Mihailo thread. Most of them in EA format type not an indicator type like mine.

Best Regard
  • #25
  • Oct 24, 2013 10:46pm Oct 24, 2013 10:46pm
That's ok I appreciate you sharing the ex4 version! looks very nice :-)
Focus, Patience, Determination & Order in chaos
  • #26
  • Oct 25, 2013 2:01am Oct 25, 2013 2:01am
In Progress....

Dynamic Shifting Renko Chart Builder...
Specialized to visualization of momentum and acceleration/deceleration of price movement (price speed)....., but still keep her brick uniformity for reducing noise...
I still testing it.., combined with more faster fractal arrow maybe good for early alert of breakout line strategy..


Attached Image (click to enlarge)
Click to Enlarge Name: Dynamic Shifting Renko Brick 5 Point EU.png Size: 308 KB
  • #27
  • Oct 25, 2013 3:29am Oct 25, 2013 3:29am
Quoting mara1
{quote} Thank You Zokyho for fast reply I like it But Can you tell mee plase why, Fast TMA Line Repaint?! thx for answer... {image} {image}
Hy Mara,

TMA shows us the average of the path that the price action in the market is following. As such, it is a backward looking indicator and attempts to determine the future from the recent history. It corrects itself by repainting itself.
The steeper tma lines the stronger trend is,flat tma mean it is range.
If you chose slower tma line,the repaint issues will be lesser and opposite..

Hope that helps!

Regards
  • #28
  • Oct 25, 2013 5:26am Oct 25, 2013 5:26am
For my friend Shinewel,
here we go.. , Hopefully my explanation not wrong... , and please help us if you know better.. thank you..

Attached Image (click to enlarge)
Click to Enlarge Name: 123 patterns on renko 10 point brick shift 50% EU.png Size: 578 KB


Best Regard
  • #29
  • Oct 25, 2013 5:32am Oct 25, 2013 5:32am
thank you so much kiads..
learn and earn from the ups and downs...of life.
  • #30
  • Oct 25, 2013 5:37am Oct 25, 2013 5:37am
Quoting Zokynho
{quote} Hy Mara, TMA shows us the average of the path that the price action in the market is following. As such, it is a backward looking indicator and attempts to determine the future from the recent history. It corrects itself by repainting itself. The steeper tma lines the stronger trend is,flat tma mean it is range. If you chose slower tma line,the repaint issues will be lesser and opposite.. Hope that helps! Regards

Hello Zokynho

I have no Idea how to use thos template iff evrithing repaint here,it is posible to make 3,4 pips nothing more...

Can you schow a exmpla plase where to make order and where to close it

I try both template yours and from Kiads!

plase help

thx
  • #31
  • Oct 25, 2013 5:54am Oct 25, 2013 5:54am
Quoting Kiads
In Progress.... Dynamic Shifting Renko Chart Builder... Specialized to visualization of momentum and acceleration/deceleration of price movement (price speed)....., but still keep her brick uniformity for reducing noise... I still testing it.., combined with more faster fractal arrow maybe good for early alert of breakout line strategy.. {image}

Here is also good visual indi of 1-2-3 pattern!

Regards!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm2.png Size: 26 KB
Attached File(s)
File Type: mq4 show123.mq4   17 KB | 2,843 downloads
  • #32
  • Oct 25, 2013 6:13am Oct 25, 2013 6:13am
Quoting mara1
{quote} Hello Zokynho I have no Idea how to use thos template iff evrithing repaint here,it is posible to make 3,4 pips nothing more... Can you schow a exmpla plase where to make order and where to close it I try both template yours and from Kiads! plase help thx
Hey Mara;

Could be tricky with Tma trading if you are a newbie...you must understand both PA and how tma works with it...

You must understand shifted renko also as Kiads said that it is like zig zag indicator and not that easy as it seems...

below is idea of recent Eur/usd PA you see that Shift Renko clearly showing uptrend (higher lows) and tma is step,you confirmation can be macd or other indy you choose and understand.So in this case go only for long trades.Wait for short calls when you see opposite Pa movements.

If it is range then you can trade short when pa breaks outside band upper and opposite for longs and when tma is not step..

Macd isn't repainter

Regards!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm2.png Size: 59 KB
  • #33
  • Oct 25, 2013 6:19am Oct 25, 2013 6:19am
Quoting Zokynho
{quote} Hey Mara; Could be tricky with Tma trading if you are a newbie...you must understand both PA and how tma works with it... You must understand shifted renko also as Kiads said that it is like zig zag indicator and not that easy as it seems... below is idea of recent Eur/usd PA you see that Shift Renko clearly showing uptrend (higher lows) and tma is step,you confirmation can be macd or other indy you choose and understand.So in this case go only for long trades.Wait for short calls when you see opposite Pa movements. If it is range then you...
100% Agree..

Let's Go Green Guys...
  • #34
  • Edited 6:33am Oct 25, 2013 6:21am | Edited 6:33am
Quoting Zokynho
{quote} Here is also good visual indi of 1-2-3 pattern! Regards! {file} {image}

Thx Zokyhno

Im ower 10 years on fx market but I newer use renko charts ,and my problem is the setting...

Can you tell mee plase wich renko chart you use,couse I have diferent renko, plase check image from yestarday

and can you share plase


reg mara

wahts worong here?

thx
Attached Image (click to enlarge)
Click to Enlarge Name: C.png Size: 267 KB
  • #35
  • Oct 25, 2013 6:37am Oct 25, 2013 6:37am
Quoting Zokynho
{quote} Yes Kiads....it is easy to see almost every move when you looking at those great shifted renko charts.... I also have tma on chart but slower one... here is look of my charts but still not finished tpl Regards! {image}
Hi Zokynho,

I really like your ATR prediction indicator? Can I ask where you got it , or can you post the indicator. Much appreciated.
  • #36
  • Oct 25, 2013 6:38am Oct 25, 2013 6:38am
Quoting mara1
{quote} Thx Zokyhno Im ower 10 years on fx market but I newer use renko charts ,and my problem is the setting... Can you tell mee plase wich renko chart you use,couse I have diferent renko, plase check image from yestarday and can you share plase reg mara wahts worong here? thx {image}

I am trying with 16 pips renko and 25% shifted.You can check Kiads explanation on first post how can you set your own chart.

Regards!
  • #37
  • Oct 25, 2013 6:48am Oct 25, 2013 6:48am
Quoting DrNoStopLoss
{quote} Hi Zokynho, I really like your ATR prediction indicator? Can I ask where you got it , or can you post the indicator. Much appreciated.


http://www.forexfactory.com/showthread.php?p=5844069#post5844069 post 43 explanation and indicator

Regards!
  • #38
  • Oct 25, 2013 6:48am Oct 25, 2013 6:48am
Quoting Zokynho
{quote} I am trying with 16 pips renko and 25% shifted.You can check Kiads explanation on first post how can you set your own chart. Regards!

Thx again


tath what I missing now is much better so can make profit,couse on 5 pips charts and 25, you got mostly lose or make 3,4 pips EU and much less witj EJ

good luck

reg mara
  • #39
  • Oct 25, 2013 7:07am Oct 25, 2013 7:07am
Quoting mara1
{quote} Thx Zokyhno Im ower 10 years on fx market but I newer use renko charts ,and my problem is the setting... Can you tell mee plase wich renko chart you use,couse I have diferent renko, plase check image from yestarday and can you share plase reg mara wahts worong here? thx {image}
Hi Mara1, your shifted renko chart look good.., maybe you should make adjustment to your shifted renko chart according to your MM and trading style,
bigger brick size need bigger range to turn in opposite direction.. for example if you set your renko brick like Zokyhno (16 point brick size), you need at least 32 point range to see 'clearly' the new direction..
So, if your MM rule for SL is less than 32 point then you will be in trouble.. .

Almost every MT4 renko builder tools will slowdown your MT4 if you use less than 2 point step for example 4 point brick size shifted 25% (1 point) will hardly slowdown or freeze your MT4. So select your renko chart setting carefully to match your trading style and also your MT4 resources.

From your uploaded chart, just little example of TL plot for entry sooner..

Attached Image (click to enlarge)
Click to Enlarge Name: Entry Example for shifted renko mara1.png Size: 324 KB


hope it help and best regards.
  • #40
  • Oct 25, 2013 7:29am Oct 25, 2013 7:29am
Quoting Kiads
{quote} Hi Mara1, your shifted renko chart look good.., maybe you should make adjustment to your shifted renko chart according to your MM and trading style, bigger brick size need bigger range to turn in opposite direction.. for example if you set your renko brick like Zokyhno (16 point brick size), you need at least 32 point range to see 'clearly' the new direction.. So, if your MM rule for SL is less than 32 point then you will be in trouble.. . Almost every MT4 renko builder tools will slowdown your MT4 if you use less than 2 point step for example...

Ok Thx Kiads now I got the pint!
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