Best Renko System
Best Renko System is a script for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is Renko bricks. It can read another timeframe. It has 5 settings, for example Brick Size (default 10), Time Frame (default 2) and Show Wicks (default TRUE). Drop it on a demo chart first to see exactly what it does. Inside: 10 EA files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Script · MT4 · v1.0 · Free
About Best Renko System
Best Renko System is a script for MetaTrader 4. It can show data from another timeframe (MTF). It has 5 settings, such as Brick size, Time frame and Show wicks. MQL source code included.
Files in the download: ForexWOT.Com-Best Renko System\User Guide URL.txt, ForexWOT.Com-Best Renko System\experts\RenkoChart.ex4, ForexWOT.Com-Best Renko System\indicators\FR-BreakOut.ex4, ForexWOT.Com-Best Renko System\indicators\FR-Retracement.ex4, ForexWOT.Com-Best Renko System\indicators\FR-ReversalPoints.ex4, ForexWOT.Com-Best Renko System\indicators\FR-Scanner.ex4, ForexWOT.Com-Best Renko System\indicators\FR-Signals.ex4, ForexWOT.Com-Best Renko System\indicators\FR-SupportResistance.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Brick size | 10 | |
| Time frame | 2 | Period or timeframe used by the calculation |
| Show wicks | TRUE | |
| Volume in history | TRUE | |
| Refresh rate | 0 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Scripts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the script onto a chart to run it once.
Tags: Renko · Multi-Timeframe (MTF) · MT4 Expert Advisor · MQL4 Source Code