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Re: MT4 Indicators with alerts/signals

naluvs01, Tue Apr 05, 2022 9:48 pm

Ogee wrote: Tue Apr 05, 2022 4:06 pm somewhere on the forum Mladen explains that the renko repainting is down to the metaquotes coding of the offline charts and in spite of being made aware of the problem for some reason choose not to fix it.
My observations are that it doesn't repaint on a live run but on restart or reset will slightly rearrange some bricks removing some of them when there is tight range price action so the resulting effect is for a smoother chart and a misleading impression as to clean entries making back testing problematic.

hope this helps.
Thanks for the explanation. I'm actually using Hieken Ashi (HA) candles on the 4hr TF for master direction, HA on 1hr TF to confirm trend with EMA 20 and entering on the Renko chart (15 brick size) with CCI (default) on the Renko Chart to confirm entry. I also confirm strength and weakness with a currency strength ROC. So I'm not trading based on Renko only, but utilizing it to confirm when the market is actually moving. And if you guys have any suggestions, that would be great! Below is an example of a trade I took last night on NZDJPY: (made 47 pips)
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