Ultimate Renko reliable solution for the display of Renko charts in MetaTrader 4. Allows you to create custom graphics in the form of median Renko (Median Renko), medium Renko (Mean Renko), turbo Renko (Turbo Renko) and the best candle Renko (Better Renko), as well as classic Renko (Vanilla Renko) and Renko with shadows (Renko with wicks), as well as graphs PointO. This universal solution provides all the necessary signals for intraday traders, scalpers and even long-term traders.

You can apply all standard and custom indicators, as well as technical analysis techniques to renko charts. You can also run Expert Advisors directly on these charts* (see the text below the input parameters).

To build a Renko chart, you need to run the indicator on a standard timeframe (M1 is recommended) and use the indicator settings to create a custom real-time chart to display it on any offline chart. All available settings are described below:

== Bar type definition ==

• Candle body size – the size of the candle body (in pips for forex pairs and in points for other instruments)
• Presets (sets 3 values below): Presets for creating several commonly utilized charting types: Renko / Median Renko / PointO / Turbo Renko / Hybrid Renko
• Open offset % (0 to ..) – offsets the new trending bar’s open value back by % or the defined candle body size (see the last screenshot)
• Reversal Open offset % (0 to ..) – offsets the new reversal bar’s open value back by % or the defined candle body size (see the last screenshot)
• Reversal bar size % (0 to ..) – sets the size of the reversal bar as a  % or the defined candle body size (see the last screenshot)
• Show wicks-show shadows (true/false)

[spoiler title=”Read More…”]

== Display settings ==

• Display on offline chart – display on offline chart (M2, M3, M4, M6, M7, M8, M9 or M10)
• Apply template to offline chart (name of the template to apply to the range bars chart)
• Automatically open offline chart (true/false)
• Build history for number of days – the number of days of the history used
• Apply offset to first renko brick-apply offset to the first Renko bar
• Offset value in pips – offset in pips
• Reset Open on each trading day-reset the opening on each trading day
• Re-calculate chart on history updates-recalculate chart on updated history
• Minimum chart update interval – the minimum interval between chart updates (in milliseconds)

== ATR based bar size calculation ==

• Enabled – enable / disable (true/false)
• Daily ATR period – daily ATR period
• Percentage of ATR to calculate candle body size – the percentage of ATR to calculate the candle body

== Alerts and Info ==

• Sound signal on new bar – sound signal on new bar (true/false)
• Only signal reversal bars – only signal reversal bars (true/false)
• Use Alert Window to display signal – use the alert window to display the signal (true/false)
• Sound file to play on bullish bar – sound file to play a bullish bar
• Sound file to play on bearish bar – sound file to play a bearish bar
• Color of High threshold indicator – color of the upper threshold indicator
• Color of Low threshold indicator – color of the lower threshold indicator

[/spoiler]