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Re: Range and Renko Indicators for MT4

Nbats7979, Thu Oct 15, 2020 7:17 pm

Ogee wrote:
Thu Oct 15, 2020 6:08 pm
pipsoffury wrote:
Thu Oct 15, 2020 5:35 am
There seems to be a lot of great indicators posted. Wondering if the original question that was asked was ever answered - a renko indicator that doesn't freeze the chart?

Thanks in advance.
Hi, not sure what you mean, not really had a problem with renko charts freezing.

Renko offline charts do use more mt4 resources than normal charts.

imo the renko chart building EAs for the Experts folder are a bit more stable than the renko chart builders that go in the Indicators folder, they seem to handle additional indicators better.

Renko charts labour when using 'Dynamic Zone' and 'Adaptive' type indicators.

MT4 labours trying to run more than 3 renko charts at once (price movement becomes 'sticky') but this is resolved by spreading renko charts over multiple mt4 terminals.

These are the 2 best EAs I've used (MathTrader7 recent updated version);
Just a quick question- do you find the renko charts keep you in a trade longer or filter out some of the noise a bit better than time based charts? On 2 min chart I cant see that much of a difference...
Renko1.png
Renko2.png
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