Renko With Half Trend And MACD 2
From the Old Kings archive: Renko With Half Trend And MACD 2, an indicator for MetaTrader 4. As the name suggests, the idea behind it is MACD (moving average convergence / divergence), Renko bricks and following the trend. In the code it works with moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example Fast EMA (default 12), Slow EMA (default 26) and Signal EMA (default 9). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 13 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 With Half Trend And MACD 2
Renko With Half Trend And MACD 2 is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 40 settings, such as Fast ema, Slow ema and Signal ema. MQL source code included.
It also is set up for gold (XAUUSD).
Files in the download: Renko with Half Trend and MACD\Expert\evolution_renko_ea_v1_31 .ex4, Renko with Half Trend and MACD\Expert\Quik_Trailing.ex4, Renko with Half Trend and MACD\Expert\SmartRangeBarChart.ex4, Renko with Half Trend and MACD\Indicators\0.tpl, Renko with Half Trend and MACD\Indicators\half-trend nrp_mladen.ex4, Renko with Half Trend and MACD\Indicators\MACD 2Line.ex4, Renko with Half Trend and MACD\Indicators\MACD 2Line.mq4, Renko with Half Trend and MACD\Indicators\SemaforAlert.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast ema | 12 | |
| Slow ema | 26 | |
| Signal ema | 9 | |
| Period1 | 5 | Number of bars in the calculation |
| Period2 | 12 | Number of bars in the calculation |
| Period3 | 35 | Number of bars in the calculation |
| Dev step 1 | 5,3 | 1,3 |
| Dev step 2 | 5,3 | 8,5 |
| Dev step 3 | 5,3 | 13,8 |
| Symbol 1 kod | 159 | |
| Symbol 2 kod | 159 | |
| Symbol 3 kod | 82 | |
| _____ | ||
| Back limit | 10000 | |
| Time frame | 0 | Period or timeframe used by the calculation |
| Time string | 0=Current, 15=M15, 30=M30, 60=H1, 240=H4 | |
| Show zones | ==========SHOW ZONES========== | |
| Zone show untested | true | |
| Zone show verified | true | |
| Zone show truncoat | true | |
| Zone show weak | false | |
| Zone show possible | false | |
| Zone showbroken | false | |
| Zone alerts | ==========ZONE ALERTS========== | Turn this alert on or off |
| Zone show alerts | true | Turn this alert on or off |
| Zone alert popups | true | Turn this alert on or off |
| Zone alert sounds | true | Turn this alert on or off |
| Send email | false | Turn this alert on or off |
| Use push | false | Turn this alert on or off |
| Zone alert waitseconds | 300 | Turn this alert on or off |
| Style zones | ==========STYLE ZONES========== | |
| Zone merge | true | |
| Zone extend | false | |
| Zone solid | false | |
| Zone linewidth | 1 | |
| Zone style | 0 | |
| Shift end right | 3 | extend the end of zones 3 bars beyond last bar |
| Zone limit | 1000 | |
| Zone show info | true | |
| Zone show size | true |
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: MACD · Renko · Trend · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Gold (XAUUSD) · Moving Average · MT4 Indicator · MQL4 Source Code