Hi All, as always sorry for my English coz it's not my native language.
In this thread i wanna share my version of adjustable shift renko chart builder indicator. I already share it in Renko with Mihailo thread, but i think i will put in here in platform tech sub forum, so we can discuss anything about her without make people confusing in trading system thread.
We will discuss all about this renko chart builder indicator here. you can use it for naked trading or lingerie trading..lol (1 or 2 pieces addition of indicators consider as lingerie trading.. ).
so, not only this renko chart builder, but we will also add any indicator or tools that we can use for this beautiful lady.
===============================================================================================================
MTH Renko Chart Builder Indi Ver 01
Bellow is the parameters of this indicator;
StartingPrice = 131;
(this is example for EURJPY) u can change according to your selected pairs.. select round numbers for more good result)
RenkoBoxSize1 = 5.0;
(this is 'brick' size for 1st renko chart, since i change this from integer to double, so if you use 5 digit broker u can create 12.5 point brick size ..etc)
BoxShiftPercent1 = 50;
(this is the 'shifted' function, the example 'shifting' current renko brick 50% from previous brick up/down. / median renko. but if u like geometrical trading 'shifted' 1/8 th of brick size will give you 'nearly' 45 / 315 degree angle. for example : if you create 10 point brick size, put 12.5 (%) for shifting value will give you 'smoothed' renko brick angle. Again if you use 5 digit broker, u can 'shifted' less than 1 point/pip but maybe it will 'slowdown' your MT4 so be careful example: BoxSize :5.0 and BoxShiftPercent :10 will give ypu 0.5 point step per brick )
RenkoTimeFrame1 = 2;
(well, i believe you already know this, offline time frame for 1st renko chart)
RenkoBoxOffset1 = 0;
(this is old function for adjusting brick position, but since we use 'starting price', keep the default 0).
ShowWicks1 = true;
(function to show or hide wick)
MaxBars1 = 10000;
(function to limit maximum brick per renko chart)
Use2ndRenkoChart = (Default:false) change to true if you want to create 2nd renko chart
// setting for 2nd renko chart, same explanation with above
RenkoBoxSize2 = 10.0;
BoxShiftPercent2 = 50;
RenkoTimeFrame2 = 3;
RenkoBoxOffset2 = 0;
ShowWicks2 = true;
MaxBars2 = 10000;
EmulateOnLineChart= true;
(by default, will make offline chart alive with slight delay of course)
StrangeSymbolName = false;
(set to true if your broker pair names different than standard pair name (symbol))
I share this renko chart builder indicator 'as is' and at your own risk... ok.
Enjoy and best regard.
===============================================================================================================
14 January, 2014 UPDATE : NEW SHIFTED RENKO CHART BUILDER INDICATOR
MTH Composite Currency Renko Chart Builder Indi v01
Hi All,
This is my last creation of shifted renko chart builder indicator for MT4, the basic concept is similar with previous version, the different is that with this new indi version, you can create/build your offline chart when you put this indicator in any TF standard candlestick chart from any pairs.
for example, you can put this new shifted renko chart builder indicator at TF H1 GBPJPY standard chart but create offline shifted renko chart of EURUSD from M1 EURUSD standard chart as your source data. With this advantage, you just need open one standard chart of any pairs with any TF, and create more than one offline shifted renko charts of any pairs you like with any TF selection as your source data.
Default Setting input explanation;
ID ="R1";
change this ID if you want to put more than one renko chart builder indicator in same standard chart
SourceTF =1;
this is source data TF selection, default M1, you can put : 1, 5, 15, 30, 60, 240, 1440, 10080, 43200 as input but pay attention that source data higher than M1 will need specific understanding to use it, so i suggest leave it with default M1.
Pair1 ="EURUSD";
this your source data pair, default is EURUSD, of course you can change it as you like
StartingPrice =1.0;
default starting price for non JPY pair is 1 (non JPY parity), you can change it as you like, for example change to 1.37 for EURUSD. If you use JPY pairs, you can change this to 100 (JPY Parity) as default or for example change it to 141 or 1000 for Gold. Use round number for better result.
RenkoBoxSize =10;
default brick size 10 p, for pairs with small spread, you can adjust this according to your average pair spread, in general brick size is 3 times from your average spread.
BoxShiftPercent =12.5;
default shifting in percent 12.5 % for georenko concept. if you need standard renko chart then change it to 100%
RenkoBoxOffset =0;
renko brick offset, leave it at 0 if you don't need special purpose renko chart.
RenkoTimeFrame =10;
default offline renko chart TF at M10. If you create more than one shifted renko chart of same pair, for 2nd chart change it to any number that different from standar TF period.
ShowWicks =true;
showing wick/shadow of renko brick
MaxBars =14400;
this is maximum bars/candles limiter. default 14400 bars of M1 source data ( 1440 bars x 10 days). If you don't need long term analysis with renko chart, keep this default to eliminated CPU slowdown from read-write process. If you use higher TF source data, adjust this Maxbars as you need. for example if you use TF H4 as your source data (for specific purpose), you can change this to 120 for 20 days renko chart.
EmulateOnLineChart =true;
leave this default
StrangeSymbolName =false;
if your broker / trade account use non standard pair name set this to true, but leave it false for standard pair name.
DisplayInfo =true;
this will show information text in your standard chart where you place this renko chart builder indicator
bellow setting for information text. adjust this as you need, especially if you use more than one renko chart builder indicator in same standard chart.
FontName ="Arial Narrow Bold";
FontSize =11;
FontColor =DodgerBlue;
Corner =0;
Xpos =250;
Ypos =3;
I hope this update will help your trading better.
ENJOY and HAPPY TRADING
My TRADE SYSTEM THREAD USE THIS MTH Composite Currency Renko Chart Bulder Indi v01:
http://www.forexfactory.com/showthread.php?t=466450
===============================================================================================================
STEP BY STEP "HOW TO CREATE YOUR FIRST OFFLINE RENKO CHART"
In this thread i wanna share my version of adjustable shift renko chart builder indicator. I already share it in Renko with Mihailo thread, but i think i will put in here in platform tech sub forum, so we can discuss anything about her without make people confusing in trading system thread.
We will discuss all about this renko chart builder indicator here. you can use it for naked trading or lingerie trading..lol (1 or 2 pieces addition of indicators consider as lingerie trading.. ).
so, not only this renko chart builder, but we will also add any indicator or tools that we can use for this beautiful lady.
===============================================================================================================
MTH Renko Chart Builder Indi Ver 01
Bellow is the parameters of this indicator;
StartingPrice = 131;
(this is example for EURJPY) u can change according to your selected pairs.. select round numbers for more good result)
RenkoBoxSize1 = 5.0;
(this is 'brick' size for 1st renko chart, since i change this from integer to double, so if you use 5 digit broker u can create 12.5 point brick size ..etc)
BoxShiftPercent1 = 50;
(this is the 'shifted' function, the example 'shifting' current renko brick 50% from previous brick up/down. / median renko. but if u like geometrical trading 'shifted' 1/8 th of brick size will give you 'nearly' 45 / 315 degree angle. for example : if you create 10 point brick size, put 12.5 (%) for shifting value will give you 'smoothed' renko brick angle. Again if you use 5 digit broker, u can 'shifted' less than 1 point/pip but maybe it will 'slowdown' your MT4 so be careful example: BoxSize :5.0 and BoxShiftPercent :10 will give ypu 0.5 point step per brick )
RenkoTimeFrame1 = 2;
(well, i believe you already know this, offline time frame for 1st renko chart)
RenkoBoxOffset1 = 0;
(this is old function for adjusting brick position, but since we use 'starting price', keep the default 0).
ShowWicks1 = true;
(function to show or hide wick)
MaxBars1 = 10000;
(function to limit maximum brick per renko chart)
Use2ndRenkoChart = (Default:false) change to true if you want to create 2nd renko chart
// setting for 2nd renko chart, same explanation with above
RenkoBoxSize2 = 10.0;
BoxShiftPercent2 = 50;
RenkoTimeFrame2 = 3;
RenkoBoxOffset2 = 0;
ShowWicks2 = true;
MaxBars2 = 10000;
EmulateOnLineChart= true;
(by default, will make offline chart alive with slight delay of course)
StrangeSymbolName = false;
(set to true if your broker pair names different than standard pair name (symbol))
I share this renko chart builder indicator 'as is' and at your own risk... ok.
Enjoy and best regard.
===============================================================================================================
14 January, 2014 UPDATE : NEW SHIFTED RENKO CHART BUILDER INDICATOR
MTH Composite Currency Renko Chart Builder Indi v01
Hi All,
This is my last creation of shifted renko chart builder indicator for MT4, the basic concept is similar with previous version, the different is that with this new indi version, you can create/build your offline chart when you put this indicator in any TF standard candlestick chart from any pairs.
for example, you can put this new shifted renko chart builder indicator at TF H1 GBPJPY standard chart but create offline shifted renko chart of EURUSD from M1 EURUSD standard chart as your source data. With this advantage, you just need open one standard chart of any pairs with any TF, and create more than one offline shifted renko charts of any pairs you like with any TF selection as your source data.
Default Setting input explanation;
ID ="R1";
change this ID if you want to put more than one renko chart builder indicator in same standard chart
SourceTF =1;
this is source data TF selection, default M1, you can put : 1, 5, 15, 30, 60, 240, 1440, 10080, 43200 as input but pay attention that source data higher than M1 will need specific understanding to use it, so i suggest leave it with default M1.
Pair1 ="EURUSD";
this your source data pair, default is EURUSD, of course you can change it as you like
StartingPrice =1.0;
default starting price for non JPY pair is 1 (non JPY parity), you can change it as you like, for example change to 1.37 for EURUSD. If you use JPY pairs, you can change this to 100 (JPY Parity) as default or for example change it to 141 or 1000 for Gold. Use round number for better result.
RenkoBoxSize =10;
default brick size 10 p, for pairs with small spread, you can adjust this according to your average pair spread, in general brick size is 3 times from your average spread.
BoxShiftPercent =12.5;
default shifting in percent 12.5 % for georenko concept. if you need standard renko chart then change it to 100%
RenkoBoxOffset =0;
renko brick offset, leave it at 0 if you don't need special purpose renko chart.
RenkoTimeFrame =10;
default offline renko chart TF at M10. If you create more than one shifted renko chart of same pair, for 2nd chart change it to any number that different from standar TF period.
ShowWicks =true;
showing wick/shadow of renko brick
MaxBars =14400;
this is maximum bars/candles limiter. default 14400 bars of M1 source data ( 1440 bars x 10 days). If you don't need long term analysis with renko chart, keep this default to eliminated CPU slowdown from read-write process. If you use higher TF source data, adjust this Maxbars as you need. for example if you use TF H4 as your source data (for specific purpose), you can change this to 120 for 20 days renko chart.
EmulateOnLineChart =true;
leave this default
StrangeSymbolName =false;
if your broker / trade account use non standard pair name set this to true, but leave it false for standard pair name.
DisplayInfo =true;
this will show information text in your standard chart where you place this renko chart builder indicator
bellow setting for information text. adjust this as you need, especially if you use more than one renko chart builder indicator in same standard chart.
FontName ="Arial Narrow Bold";
FontSize =11;
FontColor =DodgerBlue;
Corner =0;
Xpos =250;
Ypos =3;
I hope this update will help your trading better.
ENJOY and HAPPY TRADING
My TRADE SYSTEM THREAD USE THIS MTH Composite Currency Renko Chart Bulder Indi v01:
http://www.forexfactory.com/showthread.php?t=466450
===============================================================================================================
STEP BY STEP "HOW TO CREATE YOUR FIRST OFFLINE RENKO CHART"
- Download Renko Chart Builder Indicator or EA to your temporary folder outside drive C:, Scan it for virus protection
- If you use Windows 7 or above, make sure your MT4 program folder is outside of your Windows / Program files.
- Copy or move your downloaded Renko Chart Builder program into MT4 folder. if this is Indicator type copy to MT4 Expert/Indicator folder, and if this is EA type then copy to MT4 Expert folder, Restart your MT4 if necessary.
- Open your MT4 platform/program, and open M1 standard candlestick chart of pair that you need to create your offline renko chart as source data chart, for example M1 EURUSD.
- Release auto scroll if active, and press Home Button at your Keyboard, to make sure you get enough bars for your source data chart. (for normal use, 2 or 3 months M1 bars data is enough).
- Open your navigator window box, search your Renko Chart Builder Name. for Indicator type, search in custom indicator folder, for EA type, search in expert folder.
- Click and Drag to your M1 source data chart, if window box input setting not automatically show up, then right click on your source data chart and select Indicator list ( Ctrl + I ) for Indicator type of Renko Chart Builder, or press F7 for EA type of Renko Chart Builder to open input setting window box.
- Adjust the input setting, as you need, for this example of EURUSD. and suppose you use my MTH Composite Currency Renko Chart Builder Indi v01. just follow my explanation about input setting for this indicator above.
- At Top Left Corner of your MT4 Platform, Select 'File' Menu and Select 'Open Offline' menu to open offline chart window box.
- For this example, search for EURUSD, M10 and double click it to open your EURUSD Offline Renko Chart.
- Apply your indicators or template to your offline renko chart.
- I wish you success with your trading.
=============================================================================================================
ATTENTION...!!!
- Both Renko Chart Builder Indicators only work with MT4 Build 509 (old MT4), and not work with the new release of MT4 with different offline chart file header.
- Never ever put ShiftingPercentage to less than 1% or your MT4 will crash.
- Set MaxBars as minimum as you can.
- In case your MT4 platform crash, Simply open your History Folder and find your trouble offline chart file, for example USDJPY, M10 and delete it.
- Go to your Custom Indicator folder, find your renko chart builder indicator and move to another folder outside from MT4 folders
- Re-Start your MT4, check your M1 source data chart and check indicator list, if your renko chart builder indicator is gone then, close your MT4 or simply close your M1 source data chart
- Re-attach your renko chart builder indicator to your MT4 custom indicator folder and restart your MT4 again.
=============================================================================================================
MY NEW TRADING SYSTEM THREAD about ADVANCE RENKO TRADING SYSTEM (ARTS) (http://www.forexfactory.com/showthread.php?t=470219) that already compatible with new release of MT4 build 600, including new accelerated shift renko chart builder indicator for MT4 build 600.
=============================================================================================================
Attached File(s)
! MTH Renko Chart Builder Indi Ver 01.ex4
13 KB
|
14,147 downloads
! MTH Composite Currency Renko Chart Builder Indi v01.ex4
12 KB
|
9,879 downloads
|
Uploaded Jan 13, 2014 6:39pm
! MTH General Info v01 b509.ex4
14 KB
|
7,455 downloads
|
Uploaded Feb 13, 2014 4:12am