Tipu Renko 2
This Old Kings indicator for MetaTrader 4 is called Tipu Renko 2. Judging by its name, it is built around Renko bricks. It draws arrows on the chart and can send alerts. It has 11 settings, for example e Renko Mode (default 0), e Renko Mark (default 1) and i Renko Size (default 20). 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 · v1.0 · Free
About Tipu Renko 2
Tipu Renko 2 is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 11 settings, such as E renko mode, E renko mark and I renko size. MQL source code included.
Files in the download: tipu_renko.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| E renko mode | 0 | Box Mode |
| E renko mark | 1 | Renko Mark |
| I renko size | 20 | Reko Size |
| E renko style | 0 | Line Style |
| I renko width | 1 | Line Width |
| C up candle | C'31,159,192' | Up Color |
| C dwn candle | C'230,77,69' | Down Color |
| B fill | true | Fill Candles |
| B alert m | false | Alert Mobile |
| B alert s | true | Alert Onscreen |
| B alert e | false | Alert Email |
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 · Alerts · MT4 Indicator · MQL4 Source Code