Renko 2 2
Renko 2 2 — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to Renko bricks. Its source code uses fractals. It can send alerts and marks candlestick patterns. It has 13 settings, for example Long Arrow Code (default 217), Short Arrow Code (default 218) and Arrow Size (default 8). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 4 indicator files with source code (.mq4) you can open and edit in MetaEditor and a PDF guide. 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 Renko 2 2
Renko 2 2 is an indicator for MetaTrader 4 based on Fractals. It can alert you with a pop-up, sound, email or push message and marks candlestick patterns. It has 13 settings, such as Long arrow code, Short arrow code and Arrow size. MQL source code included.
Files in the download: Rules read this.pdf, Renko 2\LineFractal.mq4, Renko 2\MathTrader7_ATRBands.ex4, Renko 2\MT7_Adaptive_ATRBands.ex4, Renko 2\Exspert\MT7_RenkoBounceEA.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Long arrow code | 217 | |
| Short arrow code | 218 | |
| Arrow size | 8 | |
| Line width | 1 | |
| Line style | STYLE_SOLID | |
| Long colour | clrBlue | Colour on the chart |
| Short colour | clrPeru | Colour on the chart |
| Show comments | true | Comment written on the orders |
| Send email | false | Turn this alert on or off |
| Send notifications | false | Turn this alert on or off |
| Alerts | false | Turn this alert on or off |
| Alert sound | alert.wav | Turn this alert on or off |
| Screen shots | 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 · Alerts · Candlestick Patterns · Fractals · MT4 Indicator · MQL4 Source Code