The indicator displays renko bars on the chart, builds fast and slow moving averages, Stochastic on them and gives buy/sell signals:
- a buy signal is formed when a fast moving one is located above a slow one and the stochastic signal line crosses the lower level from bottom to top;
- a sell signal is formed when the fast moving line is located below the slow one and the stochastic signal line crosses the upper level from top to bottom.
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 timeframe.
Buy/sell signals are displayed on the chart with the corresponding arrow, an alert in a pop-up window, to an email and a mobile device.
- RenkoBar – the size of renko bars (set for 4-digit quotes, automatically recalculated for 5-and 3-digit quotes);
- CountBars – the number of renko bars displayed on the chart;
- bearColor – the color of the bear bar;
- bullColor – the color of the bull bar;
- hideBars-a sign of hiding standard bars on the chart;
- MaFastPeriod – the period of the fast moving average;
- MaFastMethod-Fast Moving Average method;
- MaFastColor – the color of the fast moving average;
- MaSlowPeriod – the period of the slow moving average;
- MaSlowMethod-Slow moving Average method;
- MaSlowColor – the color of the slow moving average;
- StochK – period K of the stochastic;
- StochD – period D of stochastic;
- StochSlow-deceleration of stochastic;
- StochUpLevel – the upper level of stochastic;
- StochDownLevel – the lower level of stochastic;
- StochMainColor – the color of the main line of the stochastic;
- StochSignalColor – color of the stochastic signal line;
- BuyColor – the color of the arrow of the buy signal;
- SellColor – the color of the arrow of the sell signal;
- UseAlert-allowing notifications in the pop-up window;
- useMail-allowing email alerts;
- useNotification – allowing notifications to be sent to a mobile device;
- messageText – the text of the notification.