Renko Scalper 4
Renko Scalper 4 — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to Renko bricks and short scalping trades. It has 4 settings, for example Color1 (default Red), Color2 (default White) and Color3 (default Red). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Scalper 4
Renko Scalper 4 is an indicator for MetaTrader 4. It has 4 settings, such as Color1, Color2 and Color3. MQL source code included.
Files in the download: BuySellArrowScalper_V2.0.ex4, Heiken Ashi.mq4, hull_moving_average_2.0_amp_sr_lines_arrows.ex4, MeanrenkoBar.ex4, OmniaRemote.ex4, vh.ex4, Default.tpl, Offline.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Color1 | Red | Shadow of bear candlestick |
| Color2 | White | Shadow of bull candlestick |
| Color3 | Red | Bear candlestick body |
| Color4 | White | Bull candlestick body |
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: Scalping · Renko · MT4 Indicator · MQL4 Source Code