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Renko Block Charts

  • #1,201
  • Jan 11, 2016 1:55pm Jan 11, 2016 1:55pm
Quoting Phylo
Renko Basics 1. The Renko generator can be an EA or an Indicator or a Script. 2. The Renko generator is always attached to a 1 minute chart. 3. On the 1 minute chart set the renko brick size and the "offline renko chart period" which, as previously mentioned, must not be a standard MT4 period (M1, M5, M15,....etc). 4. The renko offline chart of the same symbol as the 1 minute chart will be found in → File >>Open Offline. Search for the "offline renko chart period" and open the chart. 5. The offline chart has no period and the offline period...
Well I think I have done as your information states...however, the offline chart only offers time frames which are in line with the norm... I deployed the EA on the offline chart, having set up the EA to have a 50 pip block and a 2 min chart... however the offline chart continues to show that it is a 1 minute chart.

Am I off the track somehow?

thank you
  • #1,202
  • Jan 11, 2016 2:05pm Jan 11, 2016 2:05pm
Quoting OldHand
{quote} Well I think I have done as your information states...however, the offline chart only offers time frames which are in line with the norm... I deployed the EA on the offline chart, having set up the EA to have a 50 pip block and a 2 min chart... however the offline chart continues to show that it is a 1 minute chart. Am I off the track somehow? thank you
HelloThe EA should be attached to the 1mn chart then you open the offline chartThere is no ea on the offline chartS
  • #1,203
  • Jan 11, 2016 2:07pm Jan 11, 2016 2:07pm
Quoting Phylo
Renko Basics 1. The Renko generator can be an EA or an Indicator or a Script. 2. The Renko generator is always attached to a 1 minute chart. 3. On the 1 minute chart set the renko brick size and the "offline renko chart period" which, as previously mentioned, must not be a standard MT4 period (M1, M5, M15,....etc). 4. The renko offline chart of the same symbol as the 1 minute chart will be found in → File >>Open Offline. Search for the "offline renko chart period" and open the chart. 5. The offline chart has no period and the offline period...
Hi Phylo,
OK perhaps I am too hasty - I have the online 1m live chart with the EA displayed and active and the offline chart of the same pair displayed on my platform - the online chart says in a comment line below the actual 1m chart as follows
Box:50 Offset:0 AUDUSD,M2 wick:1

This chart has now been open for about 10 minutes but remains a normal candle chart - am I on the right track.. seeing the block is set to 50 it may take all night to produce i Renko block I suppose... I am going to try setting the box to 5 simply to see if it is operative - is this a good idea?
Thhank you
OldHand
  • #1,204
  • Jan 11, 2016 2:15pm Jan 11, 2016 2:15pm
Quoting sbenichou1
{quote} HelloThe EA should be attached to the 1mn chart then you open the offline chartThere is no ea on the offline chartS
This is what my screen comments look like on the life chart - have closed the offline one down
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 73 KB
  • #1,205
  • Jan 11, 2016 2:19pm Jan 11, 2016 2:19pm
Quoting OldHand
{quote} This is what my screen comments look like on the life chart - have closed the offline one down {image}
you have to activate autotrading to have a smiling face
  • #1,206
  • Edited 2:34pm Jan 12, 2016 2:30am | Edited 2:34pm
Quoting OldHand
{quote} This is what my screen comments look like on the life chart - have closed the offline one down {image}
If the renko generator on the 1 minute chart is an EA or Script and not an Indicator ensure the following

  1. Autotrading button is green and the face in the top right corner of the chart is smiling.
  2. Tools >> Options >> Expert Advisors → 1st and 5th check box ticked (all others boxes can be unticked)
  3. Right Click 1 minute chart → Expert Advisors >> Properties >> Common Tab → ensure Allow live trading ticked and if required tick Allow DDL imports and Allow import or external experts.

To check the Renko Box size on the Offline chart see - Renko Range Detector Indicator - https://www.mql5.com/en/code/11070

TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,207
  • Jan 12, 2016 2:43am Jan 12, 2016 2:43am
Thank you - I'll review the lot and revert. Thank you for the help
  • #1,208
  • Jan 12, 2016 2:55am Jan 12, 2016 2:55am
Quoting OldHand
Thank you - I'll review the lot and revert. Thank you for the help
Also see Youtube → How to install renko charts or similar - https://www.youtube.com/watch?v=CMENryucXKc
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,209
  • Jan 13, 2016 10:26am Jan 13, 2016 10:26am
May be of interest to some

MetaQuotes renaming of MT4 Experts Button to AutoTrading Button and the differences in function after the renaming -
Inserted Video
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,210
  • Jan 13, 2016 1:32pm Jan 13, 2016 1:32pm
Quoting Phylo
May be of interest to some MetaQuotes renaming of MT4 Experts Button to AutoTrading Button and the differences in function after the renaming - https://www.youtube.com/watch?v=OOoV5prZy3M
Hi Phylo,

I have been trying to get my mind around his coding tuition vids.. he is very good.
Thank you for sending posting this.
  • #1,211
  • Jan 13, 2016 3:41pm Jan 13, 2016 3:41pm
Thanks for sharing that link, I am trying to learn coding and struggling with it, however this guy explains it very well and I learnt a lot from the video.
  • #1,212
  • Jan 17, 2016 2:16pm Jan 17, 2016 2:16pm
Quoting OldHand
Hi Phylo, I have been trying to get my mind around his coding tuition vids.. he is very good. Thank you for sending posting this.
Quoting Fourxxxx
Thanks for sharing that link, I am trying to learn coding and struggling with it, however this guy explains it very well and I learnt a lot from the video.
Great !
The video was posted for information value. I have no connection or experience with any commercial content.
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,213
  • Jan 17, 2016 4:57pm Jan 17, 2016 4:57pm
RenkoLiveCharts_pimped_v4_13 suffers from the below random wick fault.
Attached Image

RenkoLiveCharts_v600mod4 appears to correct the problem.
Attached Image
Attached File(s)
File Type: mq4 RenkoLiveChart_v600mod4.mq4   19 KB | 875 downloads
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,214
  • Jan 18, 2016 12:40am Jan 18, 2016 12:40am
Quoting Phylo
RenkoLiveCharts_pimped_v4_13 suffers from the below random wick fault. {image} RenkoLiveCharts_v600mod4 appears to correct the problem. {file} {image}
Nice.. Thanks Phylo.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM4.png Size: 38 KB
Look Left Trade Right
  • #1,215
  • Jan 18, 2016 1:45am Jan 18, 2016 1:45am
Quoting Phylo
RenkoLiveCharts_pimped_v4_13 suffers from the below random wick fault. {image} RenkoLiveCharts_v600mod4 appears to correct the problem. {file} {image}
Well, the latter moves the wick, though still to an incorrect candle. It has even additional wick defects in the screenshot. I found 13 of them in total.
Attached Image
  • #1,216
  • Edited 4:12pm Jan 18, 2016 2:14am | Edited 4:12pm
Quoting Halley
{quote} Well, the latter moves the wick, though still to an incorrect candle. It has even additional wick defects in the screenshot. I found 13 of them in total. {image}
Correct - not paying attention while mutitasking and dealing with a technical glitch. The long wick discussion and source - https://www.mql5.com/en/forum/35722/page5
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,217
  • Edited Jan 19, 2016 3:15am Jan 18, 2016 7:29am | Edited Jan 19, 2016 3:15am
Quoting Phylo
{quote} Correct - not paying attention while mutitasking and dealing with a technical glitch.
RenkoLiveChart_v600V.5 - an improvement.

  1. Old code converted to post MT4 build 600 new code. Should improve performance.
  2. Renko BoxSize inputs changed to accommodate fractional pip 3 & 5 digit pricing. Two minor code edits - before and after. (int = integer = a number without fraction ; double = a number with fraction)

Inserted Code
extern int RenkoBoxSize = 7;
Inserted Code
input double RenkoBoxSize = 7.5;

Inserted Code
 int BoxSize = RenkoBoxSize;
Inserted Code
 double BoxSize = RenkoBoxSize;
RenkoLiveChart_v600V.5 Chart
Attached Image (click to enlarge)
Click to Enlarge Name: Renko Fix.PNG Size: 22 KB

The long wick discussion and source - https://www.mql5.com/en/forum/35722/page7
Attached File(s)
File Type: mq4 RenkoLiveChart_v600.5.mq4   21 KB | 828 downloads
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,218
  • Edited 9:12pm Jan 22, 2016 6:22am | Edited 9:12pm
Indicator Update: !MTH Renko Chart Builder Indi v 03 updated from #Post 1,185 to accommodate fractional pip BoxSize Inputs in accordance with 3 & 5 digit pricing (for non-fractional pips set offline boxsize decimal to zero).
Note: Two seperate Renko charts of the same symbol on two different offline timeframes can be generated from this indicator.
Note: The candles of this indicator can aslo be shifted as in Median Renko → see Inputs >> BoxShifPercent1 or BoxShiftPercent2 or both (100 % for normal renko).
Indicator: Renko Range Detector (attach to offline chart).

GU 7.5 pips
Attached Image
Attached File(s)
File Type: mq4 Renko_Range_Detector.mq4   2 KB | 789 downloads
File Type: mq4 0 - !MTH Renko Chart Builder Indi Ver 03.mq4   33 KB | 717 downloads
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,219
  • Edited Jan 24, 2016 8:10am Jan 23, 2016 1:29pm | Edited Jan 24, 2016 8:10am
RenkoLiveChart_v600.6 - this fixes the failure to remove all wicks when Inputs varable ShowWicks = false. Unfortunately many irons in the fire leads to oversights and fast fixes only to discover some other fix is also required. However, it is evident that this EA and its various other forms has had faults that were not addressed and corrected.
This EA may now be free of faults. I have eyeballed this EA (with Kijun Sen 26, 50 & 100 and horizontal grid on chart) against Sierra Chart Renko candles and the comparison appears consistently accurate.
Attached Image (click to enlarge)
Click to Enlarge Name: Renko ShowWicks fault.PNG Size: 31 KB
Attached File(s)
File Type: mq4 RenkoLiveChart_v600.6.mq4   21 KB | 1,613 downloads
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,220
  • Jan 23, 2016 2:21pm Jan 23, 2016 2:21pm
Great work Phylo!
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