MT4-Indicator: Adjustable Shift Renko Chart Builder Indicator
- #102
- Oct 29, 2013 11:01am Oct 29, 2013 11:01am
- | Membership Revoked | Joined May 2012 | 1,218 Posts
Counting left and right bricks done... 
Hello all
i havent posted for few days so this is what im currently working on,
since there arent many indicators made just for renko/shifted renko i was experimenting with bands and channels to replace fastTMA indicator
iv used/modified the True Range Bands and True Range Envelopes and 100 other indis but only one cought my eye
This indi might be very promising if anyone is willing to code it.
http://srsc.com.vn/metastock-codes/e-w-Adjustable_Trading_Bands.html
also posting a testing teplatate that im working on.
i havent posted for few days so this is what im currently working on,
since there arent many indicators made just for renko/shifted renko i was experimenting with bands and channels to replace fastTMA indicator
iv used/modified the True Range Bands and True Range Envelopes and 100 other indis but only one cought my eye
This indi might be very promising if anyone is willing to code it.
http://srsc.com.vn/metastock-codes/e-w-Adjustable_Trading_Bands.html
also posting a testing teplatate that im working on.
- #104
- Oct 31, 2013 1:33am Oct 31, 2013 1:33am
- | Membership Revoked | Joined May 2012 | 1,218 Posts
AO Indicator for GeoRenko
Hi Guys,
This Bill William's Awesome Oscillator is Standard Indicator with simple calculation visually showing the different area between fast MA and slow MA just like MACD, but base on median price (HL/2). I try to make some adjustment so it will match for renko environment especially GeoRenko.
For you who don't know what is GeoRenko can read my several previous posts, but basically GeoRenko is Renko Shifted 12.5%. You can use any renko box size as long as use shift 12.5% then it is GeoRenko.
Ok, for this AO Indicator for the default i use 8.5 period fast EMA OC/2 (yes 8 and half period..lol) and 17 period slow SMMA. OC/2. This will cover almost all small waves in current trend.
You can experimenting with another setting of course, and I also add auto bar width adjustment that automatically change histo width when you zoom in or zoom out your renko chart.
Setting for MA method as usual 0-SMA, 1-EMA, 2-SMMA, and 3-LWMA. Setting for price 0-Close, 1-Open, 2-High, 3-Low, 4-Median (HL/2), 5 Typical (HLC/3), 6-Weighted (HLCC/4), and 7- OC/2.
You can add 2nd AO sub window if you want to see bigger trend and just change SlowMA_period to 272, and leave the rest as default.
In this sample picture; 1st Sub window AO default, 2nd Sub window AO with SlowMA period 272.
Happy Trading and Best Regard
Hi Guys,
This Bill William's Awesome Oscillator is Standard Indicator with simple calculation visually showing the different area between fast MA and slow MA just like MACD, but base on median price (HL/2). I try to make some adjustment so it will match for renko environment especially GeoRenko.
For you who don't know what is GeoRenko can read my several previous posts, but basically GeoRenko is Renko Shifted 12.5%. You can use any renko box size as long as use shift 12.5% then it is GeoRenko.
Ok, for this AO Indicator for the default i use 8.5 period fast EMA OC/2 (yes 8 and half period..lol) and 17 period slow SMMA. OC/2. This will cover almost all small waves in current trend.
You can experimenting with another setting of course, and I also add auto bar width adjustment that automatically change histo width when you zoom in or zoom out your renko chart.
Setting for MA method as usual 0-SMA, 1-EMA, 2-SMMA, and 3-LWMA. Setting for price 0-Close, 1-Open, 2-High, 3-Low, 4-Median (HL/2), 5 Typical (HLC/3), 6-Weighted (HLCC/4), and 7- OC/2.
You can add 2nd AO sub window if you want to see bigger trend and just change SlowMA_period to 272, and leave the rest as default.
In this sample picture; 1st Sub window AO default, 2nd Sub window AO with SlowMA period 272.
Happy Trading and Best Regard
- #105
- Oct 31, 2013 1:53am Oct 31, 2013 1:53am
- | Membership Revoked | Joined May 2012 | 1,218 Posts
Yay..... 
Very Big Thank You SIR.
Very Big Thank You SIR.
- #106
- Oct 31, 2013 2:21am Oct 31, 2013 2:21am
- | Membership Revoked | Joined May 2012 | 1,218 Posts
AO Indicator for GeoRenko
How to read her..
How to read her..
- #107
- Oct 31, 2013 2:28am Oct 31, 2013 2:28am
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Yay.....
MT4/MT5 EAs/Indicators/Alerts coder
- #111
- Edited 11:48pm Nov 1, 2013 11:32pm | Edited 11:48pm
- | Membership Revoked | Joined May 2012 | 1,218 Posts
well done on your thread and EA I am big fan of renko have you considered ichi cloud cross to be a filter {image}
Also using HAS for long term trade is cool.
Btw in this thread, I just try to share the tools and ingredients, but still all of you are the Chefs to mix it whatever you like to suit your need, and of course share it for all of us if you think it's delicious
Happy Trading and best regard
- #112
- Nov 1, 2013 11:40pm Nov 1, 2013 11:40pm
- | Membership Revoked | Joined May 2012 | 1,218 Posts
Hi Kiads, Thanks for sharing again. I am Glad to see you again in here. Keep Sharing Kiads. We are ready to learn from you.
Send my regards to all of our friends and please forgive me that I'm not active there.
Keep learning bro and reach your happiness.
- #113
- Nov 1, 2013 11:46pm Nov 1, 2013 11:46pm
- | Membership Revoked | Joined May 2012 | 1,218 Posts
Kiads, thanks for sharing. This indicator is mind-blowing, spine-tingling, hair-raising, eye-popping and electrifying!
Best Regard for you and our Brothers in your beautiful country.
- #114
- Nov 2, 2013 4:51am Nov 2, 2013 4:51am
- | Membership Revoked | Joined May 2012 | 1,218 Posts
Hi , Happy Weekend to all of you..
This time I try to modified that standard Ichimoku Kinko Hyo Indicator. Just add couple options that maybe you like it, such as turn on and off any lines of Ichi from your input box and selection of manual or auto adjustment of kumo histogram (cloud) width when you zoom in or zoom out your chart.
Default parameters are still same with standard Ichimoku 9.26.52 (can you explained what this numbers stand for ...??
)
Here is the picture;
Now, how this Ichi can match with our Renko Chart (actually they have secret close relationship that Mr.Goichi Hosoda -creator of Ichi didn't tell you),,
This Ichi create for Renko Chart and especially the GeoRenko Chart with 8 point brick size shifted 12.5% or 1 point step increment. At this point your Standard Ichimoku will show visually 'right'. where the shifted back or forward lines will be at same size between Period (brick) and Point.
You will see that shifting backward the lines to the left 9 period (bricks) in uptrend Georenko 8p/12.5% will give you line exactly 9 point above the reference brick price, that can't be done in standard candlestick chart with Ichimoku even at TF M1 chart.
You can experimenting this Ichi with any periods that suitable to your trading setup.
Maybe just a little tips, I use 6.8.34 for 8p12.5% GeoRenko. just like in this picture bellow:
Hope it help and best regards
This time I try to modified that standard Ichimoku Kinko Hyo Indicator. Just add couple options that maybe you like it, such as turn on and off any lines of Ichi from your input box and selection of manual or auto adjustment of kumo histogram (cloud) width when you zoom in or zoom out your chart.
Default parameters are still same with standard Ichimoku 9.26.52 (can you explained what this numbers stand for ...??
)Here is the picture;
Now, how this Ichi can match with our Renko Chart (actually they have secret close relationship that Mr.Goichi Hosoda -creator of Ichi didn't tell you),,
This Ichi create for Renko Chart and especially the GeoRenko Chart with 8 point brick size shifted 12.5% or 1 point step increment. At this point your Standard Ichimoku will show visually 'right'. where the shifted back or forward lines will be at same size between Period (brick) and Point.
You will see that shifting backward the lines to the left 9 period (bricks) in uptrend Georenko 8p/12.5% will give you line exactly 9 point above the reference brick price, that can't be done in standard candlestick chart with Ichimoku even at TF M1 chart.
You can experimenting this Ichi with any periods that suitable to your trading setup.
Maybe just a little tips, I use 6.8.34 for 8p12.5% GeoRenko. just like in this picture bellow:
Hope it help and best regards
