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Renko Block Charts

  • #1,281
  • Jul 8, 2016 11:27am Jul 8, 2016 11:27am
Quoting Phylo
{quote} Hi, I have only one account with suffix and have no problem generating Renko Charts. Please see image below of M1 with EA and Inputs window and M4 with generated renko chart with relavant indicators confirming M1 variable values. {image}Edit: The indicator should in most instances generate non FX instruments. AUS-200 (CFD Indices are based on the futures which are quoted in points not pips and the indicator is coded for FX 3 & 5 digit pricing so 100.0 Renko boxsize on the M1 chart will equate to a boxsize of 10.0 on the M4 chart.) {image}...

Hi Phylo, can you please share the indicator on the right top corner "renko close marker labels"

thank you
  • #1,282
  • Jul 11, 2016 4:44am Jul 11, 2016 4:44am
Quoting andddres1
{quote} Hi Phylo, can you please share the indicator on the right top corner "renko close marker labels" thank you
See - Renko Box Size
Attached File(s)
File Type: mq4 0 - Ask_Bid_Spread.mq4   5 KB | 755 downloads
File Type: mq4 0 - Horizontal Grid Lines.mq4   6 KB | 742 downloads
File Type: mq4 0 - Renko_Box_Size.mq4   3 KB | 1,044 downloads
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,283
  • Jul 11, 2016 9:11am Jul 11, 2016 9:11am
Quoting Phylo
{quote} See - Renko Box Size {file} {file} {file}
thank you sir
  • #1,284
  • Aug 1, 2016 7:26am Aug 1, 2016 7:26am
Hi i have a renko ea for who ever is interested but somehow i`m not allowed to post here since my post from yesterday
got deleted. Maybe because it was my first post?

greets mat
  • #1,285
  • Aug 1, 2016 11:47am Aug 1, 2016 11:47am
Let`s try again

Attached File(s)
File Type: ex4 RenkoChartSuite_v1.ex4   37 KB | 897 downloads
  • #1,286
  • Aug 1, 2016 1:01pm Aug 1, 2016 1:01pm
Quoting brokemat
Let`s try again {file}

What does it do explain its operation and use ?
  • #1,287
  • Aug 1, 2016 1:42pm Aug 1, 2016 1:42pm
Hi

It`s a Renko ea chart creator. It`s build and tested with ICMarkets but it should work with different brokers.

Drop on a chart and it doesn`t have to be 1 minute, that is handle by the ea.
Chart types are the Classic, Mean, Median turbo, NonGap, Symetrical, Non Symetrical, ATR Renko
It opens the offline chart if not open.
Automatic updating the history.
can apply a template to the offline chart.
The history can be generated based on 4 different settings - close, hl, hlc, ohlc.
I`m working on a control panel at the moment.

It`s a gotten out of hand project and since renko is popular maybe someone would like to try it out and
perhaps has some suggestions. Let me know.

greets mat
  • #1,288
  • Aug 1, 2016 1:50pm Aug 1, 2016 1:50pm
btw.

The retracement setting in the ea is the key for creating the different chart types.
classic renko = 1
mean renko = 0.5

greets mat
  • #1,289
  • Aug 1, 2016 2:15pm Aug 1, 2016 2:15pm
*FIX* Array out of range fix when using ATR Dynamic setting

If you want to try it download this one. The above has error in ATR dynamic setting

greets mat

Attached File(s)
File Type: ex4 RenkoChartSuite_v1.ex4   37 KB | 1,026 downloads
  • #1,290
  • Aug 1, 2016 3:12pm Aug 1, 2016 3:12pm
Quoting brokemat
*FIX* Array out of range fix when using ATR Dynamic setting If you want to try it download this one. The above has error in ATR dynamic setting greets mat {file}
Hi

good job! thanks for sharing
I like it. you have also added lots of nice stuff already
  • #1,291
  • Aug 1, 2016 3:24pm Aug 1, 2016 3:24pm
Thank you so_what good to hear you like it
  • #1,292
  • Aug 1, 2016 5:04pm Aug 1, 2016 5:04pm
Quoting brokemat
Thank you so_what good to hear you like it
Hey good job , it was so interesting .
May i know how to set it for Median turbo ?
I have one suggestion , can it reset open in new session ?
So we can see is that have a gap for the next day market open .
  • #1,293
  • Aug 1, 2016 5:23pm Aug 1, 2016 5:23pm
Quoting stevenfx
{quote} Hey good job , it was so interesting . May i know how to set it for Median turbo ? I have one suggestion , can it reset open in new session ? So we can see is that have a gap for the next day market open .
Hi and thanks

To set it to Median Turbo you have to adjust the retracement setting. The value is in pips not % so if you have a boxsize
of 10 pips and set the retracement to 0.25 it equals 25%. The symetrical setting changes the way the reversals are calculated.

As for the reset on new session open i will look into that. Will try and get it in the next update.

greets mat
  • #1,294
  • Aug 3, 2016 1:18am Aug 3, 2016 1:18am
Quoting brokemat
*FIX* Array out of range fix when using ATR Dynamic setting If you want to try it download this one. The above has error in ATR dynamic setting greets mat {file}
Thank you for the chart creator can your share the mq4 source file?
  • #1,295
  • Edited 9:15am Aug 5, 2016 8:47am | Edited 9:15am
Very nice chart creator, thanks! Only one issue, autotrading in generated charts doesn't work !
  • #1,296
  • Aug 5, 2016 9:59am Aug 5, 2016 9:59am
Help needed:
I am running my own EA on an offline m1 chart made of renko bars.
I used math7 EA to build these renko bars.

My strategy is Intra bar trading.

The main problem for me is Intra Bar on backtest, its tick by tick movements, before shaping 1 complete renko bar, does not represent real market.

For bulish bar, backtest tend to shape the renko bar as Open->Low->Open->Close, while for bearish bar renko tend to shape the bar by Open->High->Open->Close. Markets tick by tick movement are not that simple.
I cant find any solutions for this.
Its not about how many ticks on historical data, but its about replicating scenario of tick by tick movement.
I guess someone has suggestions or solutions for this.
  • #1,297
  • Aug 6, 2016 6:38am Aug 6, 2016 6:38am
Quoting Alberto_Jazz
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!
alberto
Here are two old indicators that are % flexible from full to low median, both work great. The dual allows you to use one M1 chart for 2 different size renko offline charts of the same pair.

This indicator seems to be along the lines of brokemat's EA.

Attached File(s)
File Type: mq4 RK-ml-!MTH Renko Chart Builder Indi Ver 03-nf.mq4   17 KB | 1,148 downloads


Attached File(s)
File Type: mq4 RK-ml-!MTH Dual Renko Chart Builder Indi Ver 03-nf.mq4   34 KB | 1,125 downloads
  • #1,298
  • Sep 4, 2016 3:49am Sep 4, 2016 3:49am
Quoting mezarashii
this is a true gift to experienced traders. I have been using constant range bars and these beat the pants off of that script. Nothing shows the existence of a trend better than renko, I am a convert. Thanks to both posters with their efforts. settings on my chart are 20. Happy pips to all. {image}
Hi mezarashii, you have this script for create this your Renko charts?

Many Thanks.
  • #1,299
  • Oct 1, 2016 4:48am Oct 1, 2016 4:48am
Has anyone a good 1-2-3 indicator or S/R indicator for renko charts?
Vucking good EA coder... https://t.ly/AZjRM
  • #1,300
  • Oct 1, 2016 8:32am Oct 1, 2016 8:32am
Depending on your renko setting this S&R indi is excellent - I had it designed for either 5 or 16 renko bar candles but can be used for other settings.
It self cancels when it is broken but leaves an audit trail so you can backtest the best settings - see illustration of the 16 setting attached.
George
Attached Image (click to enlarge)
Click to Enlarge Name: DAX30M16.png Size: 70 KB
Attached File(s)
File Type: mq4 CCI S&R.mq4   17 KB | 1,054 downloads
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