Renko Line Break Indicator For MetaTrader 5
This Old Kings indicator for MetaTrader 5 is called Renko Line Break Indicator For MetaTrader 5. As the name suggests, the idea behind it is Renko bricks. It has 1 setting, for example Min Box Size (default 300). 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 (.mq5) 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 · MT5 · v1.0 · Free
About Renko Line Break Indicator For MetaTrader 5
Renko Line Break Indicator For MetaTrader 5 is an indicator for MetaTrader 5. It has 1 setting, such as Min box size. MQL source code included.
Files in the download: renkolinebreak.mq5, RenkoLineBreak.png, Rules read this.pdf.
Settings
| Setting | Default | What it does |
|---|---|---|
| Min box size | 300 | Min Box Size |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Indicators.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 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 · MT5 Indicator · MQL5 Source Code