Forex Renko V1 Indicator
From the Old Kings archive: Forex Renko V1 Indicator, an indicator for MetaTrader 4. Judging by its name, it is built around Renko bricks. The file name marks it as version 1. It has 2 settings, for example Period ATR (default 10) and Katr (default 1.00). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 1 indicator file 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.
Indicator · MT4 · v1 · Free
About Forex Renko V1 Indicator
Forex Renko V1 Indicator is an indicator for MetaTrader 4. It has 2 settings, such as Period atr and Katr. MQL source code included.
Files in the download: installation manual.txt, Renko_v1.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period atr | 10 | Number of bars in the calculation |
| Katr | 1.00 |
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 → Indicators.
- 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 indicator from the Navigator onto a chart and adjust the settings.
Tags: Renko · MT4 Indicator · MQL4 Source Code