MTH Renko Chart Builder Indi Ver 04 2
MTH Renko Chart Builder Indi Ver 04 2 — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around Renko bricks. This copy is version 04.2. It has 16 settings, for example Starting Price (default 0.0), Renko Box Size1 (default 7.5) and Box Shift Percent1 (default 100.00). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 · v1.0 · Free
About MTH Renko Chart Builder Indi Ver 04 2
MTH Renko Chart Builder Indi Ver 04 2 is an indicator for MetaTrader 4. It has 16 settings, such as Starting price, Renko box size1 and Box shift percent1. MQL source code included.
Files in the download: !MTH Renko Chart Builder Indi Ver 04.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Starting price | 0.0 | |
| Renko box size1 | 7.5 | |
| Box shift percent1 | 100.00 | Bar shift (0 = current bar) |
| Renko time frame1 | 11 | What time frame to use for the offline renko chart |
| Renko box offset1 | 0 | |
| Show wicks1 | false | |
| Max bars1 | 100000 | |
| Use2nd renko chart | false | |
| Renko box size2 | 10.0 | |
| Box shift percent2 | 50 | Bar shift (0 = current bar) |
| Renko time frame2 | 3 | What time frame to use for the offline renko chart |
| Renko box offset2 | 0 | |
| Show wicks2 | false | |
| Max bars2 | 10000 | |
| Emulate on line chart | true | |
| Strange symbol name | false |
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