The Renko Chart MT4 indicator creates an autonomous Renko chart, on which all bars have the form of Renko “bricks”. The “bricks” themselves have no shadows, and the size of the “brick” is set in the settings.

Renko’s offline chart makes constructions not only on history, but also online. At the same time, the schedule update interval is at least three seconds.

To learn more about the principles of building a Renko chart, as well as to study the open source code of the Renko Chart MT4 indicator, see the article “How to write an indicator for any non-standard charts for the Market”.