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Renko Block Charts

  • #1,261
  • May 10, 2016 5:55pm May 10, 2016 5:55pm
Quoting Thierry89
The renko seems really great and how much should I pay for a live version that would be usable on MT4 and where can I find it please ? Do not hesitate to send me a PM. Thanks

You can download renko live for free. then add you bars on offline mode.
  • #1,262
  • May 11, 2016 6:53am May 11, 2016 6:53am
Hi guys, I am sure this has been asked before but can't find it.
I am looking for a reliable renko bar indicator that is an "indicator". not an EA.
I want to add money management EAs to the chart and two EA's wont work together.
Does anyone know of a good Renko "indicator" please?

Much appreciated
  • #1,263
  • May 11, 2016 7:35am May 11, 2016 7:35am
Quoting HarmonicBoy
Hi guys, I am sure this has been asked before but can't find it. I am looking for a reliable renko bar indicator that is an "indicator". not an EA. I want to add money management EAs to the chart and two EA's wont work together. Does anyone know of a good Renko "indicator" please? Much appreciated
http://www.forexfactory.com/showthre...53#post8892953
Let it turn and find your entry.
  • #1,264
  • May 11, 2016 3:08pm May 11, 2016 3:08pm
Thank you for this Intrepidpips. Very kind of you :-)
  • #1,265
  • May 18, 2016 7:34am May 18, 2016 7:34am
Hi,
anyone have any indicator that show the amount of time (in minutes) that measure how long it takes to make 1 full renko bar.
The indicator show as histogram at the sub window.

Something like this but better with more options.
https://www.mql5.com/en/code/12491

Thank you
Baby needs love, milk, and money.
  • #1,266
  • May 18, 2016 1:25pm May 18, 2016 1:25pm
Quoting bpran
Hi, anyone have any indicator that show the amount of time (in minutes) that measure how long it takes to make 1 full renko bar. The indicator show as histogram at the sub window. Something like this but better with more options. https://www.mql5.com/en/code/12491 Thank you

Try this...

http://www.forexfactory.com/showthread.php?t=538347
Let it turn and find your entry.
  • #1,267
  • May 19, 2016 8:47am May 19, 2016 8:47am
Quoting Intrepidpips
{quote} Try this... http://www.forexfactory.com/showthread.php?t=538347
Thank you very much
Baby needs love, milk, and money.
  • #1,268
  • May 19, 2016 9:03am May 19, 2016 9:03am
Quoting bpran
{quote} Thank you very much

Hope it meets your requirement?
Let it turn and find your entry.
  • #1,269
  • May 20, 2016 10:59am May 20, 2016 10:59am
Hello Phylo,

Hope you are well. Thank you for your previous information.
I too am looking at purchasing the Renko indicator from AZ-Invest.

Despite the bad reviews I read about support, the actual indicator looks good.
Just wondering if your still using it without any issues? Especially in a fast choppy market?

Thank you in advance for your help.
Kind Regards,
B
  • #1,270
  • Edited May 24, 2016 7:19am May 23, 2016 1:04pm | Edited May 24, 2016 7:19am
Quoting bh4v1k
Hello Phylo, Hope you are well. Thank you for your previous information. I too am looking at purchasing the Renko indicator from AZ-Invest. Despite the bad reviews I read about support, the actual indicator looks good. Just wondering if your still using it without any issues? Especially in a fast choppy market? Thank you in advance for your help. Kind Regards, B
As far as my own experience goes the indicator performed flawlessly in all markets tested*- the maors, indices, crude & gold. At first I used only on GBPUSD. Later I tested running about 5-7charts on two live MT Teminals with a few low resource (renko box size, spread, trading information) indicators and an EA that switched itself off after it opened a position and placed SL. After market hours I ran on +/- four demos terminal with about 9-15 charts open, two or three MA and some manually inserted S & R lines. So indicator duty very light. My testing included I minute live DAX using a seperate reference charting package running a 30 second chart.**

However, there is always the quality question of broker feed ***, machine and internet connection. In brief - the test machine a trading dedicated i7, 250 GB SSD with 63.7 GB used space. All other specs favorable. A commercial charting package is also run on the same machine. So besides Browsers, Foxit PDF Reader, MT4 terminals and commercial charting package all other installed trading software is non active being emergency duplicates of active software on another system.

* Since may I have morphed some kagi code into something I find more suitable for low timeframe trading.
** A 10MA on M5 equates to 50MA on M1. A 100MA on a 30 second chart equates to 50MA on M1.
*** Ping Plotter (free) may provide a truer latency metric - http://www.pingplotter.com/featurecomp.html

If RenkoLiveChart v600.6 EA and Indicator in the preceding posts runs satisfactory on your system/s then so will the the referenced plugin.

Beside the above and preceding I have no more information to offer on the above renko pluggin.
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,271
  • Edited Jun 12, 2016 6:20am Jun 11, 2016 6:21am | Edited Jun 12, 2016 6:20am
Help please.
I have converted 1m bars to renko bars, using renko live chart v.600.6 indi. I used offline terminal and made them 30min bars, and I can see there are renko bars in this TF chart, which is ok.

Then I converted hst file (30 min) to csv file using "hst to csv" script (to produce tester history file).

When I run the tester it skips all the bars, because of ignoring the wicks, which I need to use for my EA.

How can I make the EA use and not ignore the wicks as part of the renko bars?

EDIT: I have managed to run backtest but many legal trades were skipped like price did not hit the pending orders while in fact price did hit pending order but EA ignore the price there.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 11 KB
  • #1,272
  • Edited 10:29am Jun 13, 2016 8:17am | Edited 10:29am
Quoting manuel
Help please. I have converted 1m bars to renko bars, using renko live chart v.600.6 indi. I used offline terminal and made them 30min bars, and I can see there are renko bars in this TF chart, which is ok. Then I converted hst file (30 min) to csv file using "hst to csv" script (to produce tester history file). When I run the tester it skips all the bars, because of ignoring the wicks, which I need to use for my EA. How can I make the EA use and not ignore the wicks as part of the renko bars? EDIT: I have managed to run backtest but many legal trades...
Any offline chart will not produce accurate results if allocated to a MT4 default timeperiod (M1, M5, M15, M30, M60, H4, D1, MN).
For offline charts use any other timeframe (e.g. M2, M3, M4, M6, M7etc).
These offline timeframes have no value as time defined periods and merely act as containers for the range defined renko offline chart.
An offline chart allocated a MT4 default timeperiod will result in an overlap of time defined and range defined data.

For backtesting the commercial plug-in mentioned in my previous posts will be optimum.
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,273
  • Jun 13, 2016 8:23am Jun 13, 2016 8:23am
Quoting Phylo
{quote} Any offline chart will not produce accurate results if allocated to a MT4 reserved timeframe (M1, M5, M15, M30, M60, H4, D1, MN). For offline charts use any other timeframe (e.g. M2, M3, M4, M6, M7etc). For backtesting the commercial plug-in mentions in my previous posts will be optimum.
Which commercial plug-in?
  • #1,274
  • Jun 13, 2016 8:48am Jun 13, 2016 8:48am
Quoting manuel
{quote} Which commercial plug-in?
http://www.forexfactory.com/showthre...25#post8879525
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,275
  • Jun 14, 2016 11:06am Jun 14, 2016 11:06am
Quoting manuel
Help please. I have converted 1m bars to renko bars, using renko live chart v.600.6 indi. I used offline terminal and made them 30min bars, and I can see there are renko bars in this TF chart, which is ok. Then I converted hst file (30 min) to csv file using "hst to csv" script (to produce tester history file). When I run the tester it skips all the bars, because of ignoring the wicks, which I need to use for my EA. How can I make the EA use and not ignore the wicks as part of the renko bars? EDIT: I have managed to run backtest but many legal trades...
You need to use Renko EA which uses reversal candle open from last candle close otherwise backtester will see it as slippage. I've attached an EA with this post, it works for me.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 20 KB
Attached File(s)
File Type: ex4 MathTrader7_RenkoChartCreatorEA.ex4   115 KB | 1,257 downloads
  • #1,276
  • Jun 15, 2016 1:46pm Jun 15, 2016 1:46pm
I need the renko bars for backtest in mt4.
How can this EA (MathTrader7_RenkoChartCreatorEA) help me?
  • #1,277
  • Jun 15, 2016 4:05pm Jun 15, 2016 4:05pm
Quoting manuel
I need the renko bars for backtest in mt4. How can this EA (MathTrader7_RenkoChartCreatorEA) help me?
Build Renko charts with this EA and import it in your offline terminal for backtesting. Reversal candle must have open at previous candle close for MT4 backtesting to work on Renko charts.
  • #1,278
  • Jun 16, 2016 12:12am Jun 16, 2016 12:12am
I build it in one account as non default TF such as M2, M3, M4, M6, M7 - but I can't use later it as default TF (M1, M5...) in offline account.
For some reason when I import the data to a default TF in history center of offline account it is not imported.
  • #1,279
  • Jun 16, 2016 6:55am Jun 16, 2016 6:55am
Needed CSV to Renco indi.
Thanks for help, Nabz.
  • #1,280
  • Jun 30, 2016 1:08am Jun 30, 2016 1:08am
Hi all, I'm searching for an expert that works with the latest MT4 versions, to create median renko charts.

Could you help me?

Thank you!
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