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Renko Live Charts v4.13
This EA attaches to a chart (1M chart is best) and then builds a new offline chart with Renko boxes.
This version was built off of v4.12 ... I don't remember where I got it, it took forever to find it in the first place.
its very easy to use .....
renkolivecharts_pimped_v4_13.mq4 19.55 kb, 116 downloads since 2014-09-26
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RenkoLiveChart is an indicator that converts your regular candlestick chart into Renko bricks. Renko charts are all about filtering out market noise and focusing on price movements of a specific size (RenkoBoxSize).
https://mt4talk.com/viewtopic.php?pid=110#p110
How this EA works:
The EA starts by checking your trading environment and RenkoBoxSize settings.
It processes historical data to create your initial Renko chart.
As live market data comes in, it builds new Renko bricks based on your settings.
It also adds informative comments to your chart, guiding you on how to view your Renko chart.
Setting it up:
Download therenkolivecharts_pimped_v4_13.mq4 file.
Open your MetaTrader 4 platform.
Click on 'File' > 'Open Data Folder.'
Locate the 'MQL4' folder and navigate to 'Indicators.'
Place therenkolivecharts_pimped_v4_13.mq4 file in this folder.
Restart your MetaTrader 4 platform.
Open a chart, right-click on it, select 'Indicators,' and findrenkolivecharts_pimped_v4_13.mq4 in the list. Click 'OK.'
Adjustable Parameters:
RenkoBoxSize: Set the size of Renko bricks in pips.
RenkoBoxOffset: Adjust the offset of Renko bricks.
RenkoTimeFrame: Choose the time frame for your offline Renko chart.
ShowWicks: Decide whether to display wicks on the bricks.
EmulateOnLineChart: Enable or disable emulating an online chart.
BuildChartsWhenMarketOffline: Build offline charts even when the market is closed.
CalculateBestBoxSize: Let the EA calculate the optimal box size based on ATR.
ATRPeriod: Set the ATR period for box size calculation.
ATRTimeFrame: Choose the time frame for ATR calculation.
UseATRMA: Use Moving Average on ATR for box size calculation.
MAMethod: Select the MA method for ATR calculation.
MAPeriod: Set the period for the MA on ATR calculation.
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