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RenkoSW - Indicator for MetaTrader 4

RenkoSW
TypeIndicators PlatformMT4 Version10 Date created 2 January 2016 Date updated 7 August 2017
Formatmq4 Size6.6Kb Downloads217 Rating
5 of 5
based on 46 rates

The indicator is of a group of trend tools for technical analysis. It displays the price movement using the Renko chart. It allows determining a stable trend and filtering the market noise and insignificant price fluctuations.

In the indicator settings, it is possible to change the size of the rectangle in points and the number of bricks to pass, so that the indicator fixes the new trend.

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