Renko Range Bars V1.2 New Format 4
Renko Range Bars V1.2 New Format 4 is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is Renko bricks. This copy is version 1.2. It can read another timeframe. It has 6 settings, for example Candle Size (default 50), Offset (default 0) and Time Frame (default 2). Load it on a demo chart and check whether its signals repaint before trusting them. 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 · v1.2 · Free
About Renko Range Bars V1.2 New Format 4
Renko Range Bars V1.2 New Format 4 is an indicator for MetaTrader 4. It can show data from another timeframe (MTF). It has 6 settings, such as Candle size, Offset and Time frame. MQL source code included.
Files in the download: RenkoRangeBarsV1.2 new format.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Candle size | 50 | |
| Offset | 0 | |
| Time frame | 2 | What time frame to use for the offline renko chart |
| 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 · Multi-Timeframe (MTF) · MT4 Indicator · MQL4 Source Code