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Renko charts are used for alternate price charting. Unlike the usual time framed chart - where every candle represents a fixed time interval - the goal of Renko chart is to display price movement in increments, called bricks.
My Renko implementation displays wicks on their candles, which is actually not part of the original definition. Just more traders requested this mod.
I have currently 2 versions to download, the first one intended for the MT4 build 509, while the other is native for the 600+ builds. They both run on the MT 4 build 600 (and higher), though the original 509 version needs the MT4 to be started in portable mode.
What are main advantages of this generator in comparison to similar generators?
For detailed instructions about the build 509 version, open online User Guide (unified for all offline charts).
For the 600+ version the User Guide will be supplied soon.
Download indicator from the Metatrader MQL4 Downloads section.
Renko for the build 600+ demonstration video.
(For watching in natural resolution click here.)
Demonstration video for using the offline charts with a remote control indicator
(For watching the in natural resolution click here.)
The 509 version video is below.
(For watching in natural resolution click here.)