The indicator displays renko bars on the chart, builds two moving averages on them and gives buy/sell signals according to the conditions shown in the screenshots and described below:

• a buy signal is formed if the fast moving average is above the slow one, 4 to 10 consecutive bullish renko bars are displayed, followed by no more than 2 bearish renko bars and 1 bullish one;
• a sell signal is formed if the fast moving average is below the slow one, 4 to 10 consecutive bearish renko bars are displayed, then no more than 2 bullish renko bars and 1 bearish one.

Renko is a specialized display of price movement, in which not every bar of the time interval is displayed on the chart, but only if the price has passed more than a specified number of points. Renko bars are not tied to a time interval, so the indicator can work with the same efficiency on any time frame.

Buy/sell signals are output to indicator buffers and can be used for automatic trading. An arrow on the chart shows a buy/sell signal, and a diamond of the same color shows a stop loss at the level of the slow moving average and the specified offset.

In parallel with the signals on the chart, the indicator can issue alerts in a pop-up window, to email and to a mobile device.

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• RenkoBar – the size of the renko bar in points (automatically recalculated for 5-digit quotes);
• CountBars – the number of renko bars displayed on the chart;
• bearColor-the color of the bearish renko bar;
• bullColor – the color of the bullish renko bar;
• hideBars-indicates whether the display of regular bars on the chart is hidden;
• MaFastPeriod – the period of the fast moving average;
• MaFastMethod-fast moving average method;
• MaFastColor – color of the fast moving average;
• MaSlowPeriod – the period of the slow moving average;
• MaSlowMethod-slow moving average method;
• MaSlowColor – color of the slow moving average;
• stopShift-offset for the stop loss in points (automatically recalculated for 5-digit quotes);
• minTrendBars – minimum number of consecutive bars in the signal direction;
• maxTrendBars – maximum number of consecutive bars in the signal direction;
• maxBackBars – the maximum number of bars of the rollback movement;
• UseAlert-allowing notifications in the popup window;
• useMail-allowing email alerts;
• useNotification-allowing notifications to be sent to a mobile device;
• messageText-notification text;

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