Renko Range Bars V1.2 New Format
From the Old Kings archive: Renko Range Bars V1.2 New Format, an indicator for MetaTrader 4. As the name suggests, the idea behind it is Renko bricks. The file name marks it as 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
Renko Range Bars V1.2 New Format 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