Renko Maker Pro Special Edition Non Repaint
Renko Maker Pro Special Edition Non Repaint is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is Renko bricks. Its source code uses moving averages. It draws arrows on the chart. It has 14 settings, for example HMAPeriod (default 44), HMAMethod (default MODE_LWMA) and HMAPrice (default PRICE_CLOSE). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 6 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 Maker Pro Special Edition Non Repaint
Renko Maker Pro Special Edition Non Repaint is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart. It has 14 settings, such as Hma period, Hma method and Hma price. MQL source code included.
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Settings
| Setting | Default | What it does |
|---|---|---|
| Hma period | 44 | Period or timeframe used by the calculation |
| Hma method | MODE_LWMA | MODE_SMA |
| Hma price | PRICE_CLOSE | PRICE_CLOSE |
| Hm ashift | 0 | Bar shift (0 = current bar) |
| Show hma | true | |
| Style | STYLE_SOLID | |
| Size | 2 | |
| Show arrows | true | |
| 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 · Buy/Sell Arrows · Moving Average · MT4 Indicator · MQL4 Source Code