Renko Indicator MQ4
Renko Indicator MQ4 is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to Renko bricks. It has 6 settings, for example Renko Box Size (default 3.0), Renko Box Offset (default 0) and Renko Time Frame (default 7). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 2 indicator 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.
Indicator · MT4 · v1.0 · Free
About Renko Indicator MQ4
Renko Indicator MQ4 is an indicator for MetaTrader 4. It has 6 settings, such as Renko box size, Renko box offset and Renko time frame. MQL source code included.
Files in the download: RenkoLiveChart_v600.6_indi.ex4, RenkoLiveChart_v600.6_indi.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Renko box size | 3.0 | |
| Renko box offset | 0 | |
| Renko time frame | 7 | Offline Timeframe |
| Show wicks | false | |
| 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