Renko 2. 0
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Renko 2. 0
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
A complete Renko chart indicator with wicks. Configure using Tick Size, Pip Size, Points or R. Now with Asymetric Reversals!
Don't forget to check the new .
Parameters View Version history
2017-12-31:
Implemented Bars History Input for better performance.
2018-01-04:
Fixed: Array out of range exception for Bars History input.
Fixed: Invalid plot of two Renko bricks when pivot high.
2018-01-13:
Fixed: Wick size on history and chart reload.
Fixed: Wick malformed with brick size.
2018-01-15:
Fixed: Minimum brick size to one tick.
2018-01-17:
Implemented chart reload algorithm and other corrections.
2018-03-08:
Implemented Renko 2.0 library with Renko 2 Offline, custom symbol generation, volumes, gap colors, and other improvements.
2018-03-28:
Fixed events and time from Renko rates.
2018-04-02:
Fixed Renko open time on Renko rates.
2018-05-02:
Fixed Renko volumes, bugs, and performance.
2018-06-21:
New library with custom tick, performance and other improvements
2018-09-27:
Asymetric reversals, corrections on wick size and initialization
![[EA] - Charles 2. 1. 5](/images/10823.webp)
