When Price Level Matters
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 the Renko chart is expressing price movement in levels, called bricks.
Installation Guide and First Steps
Watch the video to learn how to install and use Renko.
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I AcceptGet OmniaBar License Key Bundled @
Unique Features
What are additionalĀ featuresĀ of OvoĀ offlineĀ generators?
- the generatorĀ is an indicatorĀ rather than a script or EA, which makes it more comfortable for deployment
- input setting is adjustableĀ from multiple places: from the input dialogue, or from the entry box of an indicator sub-window, or from the offline chart using additionalĀ indicators (Omnia Remote, Omnia Auto Range). Settings on the offline chart makes the range switching as flexibleĀ as switching between timeframes.
- safe timeframe switching of the feedĀ chart Ā (no need forĀ sacrificing the feed chart for a single timeframe)
- generator can detect and optionally break chart into trading sessions
- generator uses all available timeframes for the initial model, and it is not bound to a singleĀ selected timeframe
- when starting up, the indicator selects the chart startingĀ anchorĀ from the user-defined chartĀ candles count
- a single indicator can serveĀ multiple identical offline charts (a single chart ID in multiple windows)
- detects significantĀ drop-outsĀ in feedĀ and rebuilds the offline chart after the feed updates
- displays consistentĀ candle tick volume calibrated to regular timeframes, so you may rely on the tick volume in your analysis andĀ EAs
- guardsĀ for a change of the feedĀ server, so it updates the chart if you switch between accounts
- works properlyĀ with symbols having MQLĀ unfriendlyĀ names (like “EURUSD..”, i.e. trailingĀ doubleĀ dot in the name)
- reports unexpected time gaps in the MT4Ā history, reports inconsistenciesĀ between symbol timeframes
- excludes phantom (no volume) ticks
- fixes incorrect input for a non-trivial instrument tick size
- can decreaseĀ chart refresh rate on demand
- indicator development is still open, you may expect fast fixes for newĀ Metatrader builds
and where can i take licance key?
Hello Serkan, please click the Pricing & Order item in the top menu.
Hello, i am student at spartan trader, and nikos recomend me this site to buy the renko indicator, he also told that you usually give a discount to spartanfx traders. could you help me with that
regards
If you notice the ad at the very bottom of the page, you may get the discounted price with Spartan Traders, in case you are their student. Please search for the discount link in their students’ zone.
HI Milan.
I have the Renko charting with Spartan. I have also used test helper for renko which works well. The problem I’m having is that I can’t get enough bars on the chart to back test on the 3 pips per box settings. Is there something I can do to get more bars. Thanks Chris.
Are you still trading with Nikos bro and what has been your experience?
Hi Milan, would you mind considering round numbers for renko? Wicks would still show the detailed price action but renko based on round numbers would be much better.
How to install to Macbook (we use Crossover to run mt4 in mac)
Unfortunately I do not have knowledge about emulators. Please contact me using Contact Form with more detailed description.
I’m using crossover and I can install any EA. You just have to find the C: directory. Email saya aja biar saya jelasin. lj_zain@yahoo.com
Hi… i develope my own expert advisors and would like to use the renko bar indicator in my own EA
( for example to detect reversal signals )
is that possible with the licensed version…
if not … what are the possibilities …
Thanks
Hello Thierry, the usual way is attaching the expert to the generated Renko chart. It would work well with both the trial and the licensed indicators.
Including indicator into the expert is quite advanced task and it needs a reason.
Hello Ovo team,
I am thankful for your work … what i have noticed is that the volume in the hybrid renko indicator and by the normal renko indicator is different …. renko indicator has no zero volume per bar … i wanted to ask why is it so and which indicator i should use of both them to have a more accurate volume histogramm … i know that it cant be 100% the same but by some bars it is a huge different
I would be appreciate if u could answer to my question
ok thank you….:)
what I’m really intrested in is the lines of codes required to obtain the renko bar ( high low open clode ) for any target bar. How is that performed ?
For example if i place my ea on the generated renko chart what lines of code would my ea require to access the the high low open close of a generated renko bar.?
thanks in advance… š
Hello Thierry, for accessing candle values in any chart from MQL4 code use either common constants (see http://docs.mql4.com/predefined ) or functions (see http://docs.mql4.com/series )
thank you very much for your help… I’ll look that up…
Concerning backtesting is it possible to backtest with the renko bar indicator…?
if yes… where can i find information to know how to backtest using renko chart bars only
thanks š
Renko charts are artificially constructed charts from other charts, so using them within the standard Strategy tester for expert income is very approximate. Nevertheless it is useful to test the expert mechanics, and for such purpose you may use the tester helper at http://ovo.cz/products/free-mt4-utilities/offline-test-helper/
Hello,
I downloaded the meanrenko indicator and copied it to my latest version of mt4 duely.
Opened data folder from files, opened mql4 folder, and copied into the indicators folder. And i have allowed dll inputs as well.
However the mean renko indicator is not working and i’m getting a msg like “indicator cannot create this offline chart, try to set other offline tf in the input”. I tried to set m2 and m3 timeframe but it still gives the same error.
I tried to use the indicator with my previous built mt4 broker and it works fine in my not updated mt4 terminal broker.
Does the indicator need to be updated? I’m planning to buy it after testing it but i couldn’t make it work. Waiting for a response. Thanks in advance
Hello Mehmet, in case there are problems to select the offline timeframe though you checked other offline generators do not use it, then restart the Terminal. It might be some lost script blocking the file handle.
Hello,
Would it be possible to add the following features to the indicator: audio alerts every time a new bar is added and be able to activate and deactivated ?
thanks š
Hello Thierry, for an acoustic signal watching for a new bar you can use any of numerous dedicated indicators placed directly on the offline chat.
Hi there,
I see that you are selling Omni bar 3 user licence for $ 120. I only have one laptop. How much is it for only 1 licence?
SK
Hello SK, a single license cost is $120. You can use it on up to 3 computers.
Hi there,
Do your renko or median renko indicator use too memory or too much resources and slow down PC/laptop?
SK
Probably yes, it depends on the length of history of the other timeframes, as MT4 duplicates history buffers during calculations.
Hello can you explaine us how the volume is calculated per renko bar( let say 100pips renko bar)?
Because i notice some bars have volume 0
This is renkobar (100 pips) applied on 1 minute chart EURUSD (forextime broker):
2015.03.20,22:15,1.08200,1.08300,1.08130,1.08300,2196
2015.03.23,00:00,1.08300,1.08400,1.08300,1.08400,0
2015.03.23,00:00,1.08400,1.08500,1.08400,1.08500,0
2015.03.23,00:00,1.08500,1.08600,1.08500,1.08600,0
2015.03.23,00:00,1.08500,1.08675,1.08400,1.08400,2561
2015.03.23,00:35,1.08400,1.08428,1.08300,1.08300,2353
Thank you!
Hello Silviu, they are called phantom bars, they traverse gaps where no tick exists.
Thx for reply , I already bought renko bars and i am verry happy with them š
I finished my trail period and I have a license key. how do I enter it to activate the indicator again?
Hello, is it possible to use downloaded tick data to generate renko chart with your indicator instead of using M1 history?
I imagine that I run an empty ExpertAdvisor in startegy tester on downloaded tick data. I would drop your indicator on the chart. If the indicator is able to generate chart with standard time frame (for example M5) than I would be able to backtest my real EA on that chart.
thank you
Hello Luna, unfortunately it is not possible. Accessing the history files from the Strategy Tester is restricted (to eliminate fraudulent test results).
For using the tick data in a live environment – it could work, but you needed the tick data from your broker. The generator uses only such tick data, which match the M1 timeframe. If you had such proper broker tick data, I could build a script generating the tick file for live environment (for the chart model builder).
Hi
your charts look great. is there an option to use ATR to determine the brick size? or will it be in the updates in the near future?
Thanks
Hello
I am totally happy with the renko indicator I bought from you. The reason for this is that I have great passion with trading renko. I tried all free renko indicators and I wanted to open many charts looking for the best setup. I always had an issue with MT4 freezing. It was frustrating until I tried the free version of yours and then I bought the license.
It helped me a lot in refining my strategies and Iam glad to say that today is the first day of trading live.
I love the idea of have three sub-windows for different renko settings. It just makes my life easier and trading enjoyable.
I even tried the MTF indicators with different renko box sizes. I can easily call the offline charts like M2 M3 M6 etc and get a reading for Multiple Brick Size.
Good work!
Hello. I have same problem. However the mean renko indicator is not working and iām getting a msg like āindicator cannot create this offline chart, try to set other offline tf in the inputā. I tried to set m2 and m3 timeframe but it still gives the same error.
Your advice does not help:
administrator June 16, 2015 at 6:59 am – Reply
Hello Mehmet, in case there are problems to select the offline timeframe though you checked other offline generators do not use it, then restart the Terminal. It might be some lost script blocking the file handle.
Hello Alex, sorry for late answer, but I did not know what the reason was. Currently the possible reason emerged. Though I have not yet received full confirmation, it looks like some non-ASCII characters in user profile name (the folder of the current user under the C:\Users\) result in incorrect evaluation of the MT4 data path and the indicator fails to locate the proper data locations. However it does not affect only my indicators, but also other MT4 behaviour.
If you want to test if this was your case, please create a new user whose name has only ASCII characters, and try to test the MT4 there. (You may remove the user after the test).
Hello Milan-I bought the Renko without wicks generator months ago.Great work! I don’t think that I can do without it. Recently it has been sticking, I would have to re-login to get an
up to date chart. So I reset the key. At the moment I can’t paste the Activation Code into the dialog box. Would you give me a hand to straighten this out? Thanks Chris
Milan,
Quick question, I have the latest version of the Renko’s, however the offline chart shows M16423. Is that correct if I want a 15 minute chart, etc.? How do you ensure the timeframe on the offline chart matches what you want, i.e. would like to look at 15 min and say 30 minute chart? Just want to ensure that I am looking at the correct time frame on the offline chart.
Cheers!
Binarylonewolf
Hello Tammy,
The offline chart receives pure random number if you leave the entry blank in the Inputs tab. I would recommend to fill it, the random number may get altered in some conditions, and then your original offline chart becomes an orphan. In addition, this number determines a period separator (daily, weekly, monthly and yearly). On the other hand this number has no effect on candlesticks, the generated chart has the same shape on any offline timeframe.
Hi Milan,
I recently purchased RenkoBar License Key.
Prior to using OVO Renko Bar Indicator I had struggled with creating Renko Charts using such Products as Renko Live Charts, Renko Bar Charts EA and several others. The main problem with all these EA’s and Indicators was that there never was enough history to create a functioning Off Line Chart. I was constantly trying to add history to make the off line charts function so that I could trade them.
OVO Renko Bar Indicator is absolute genius! OVO Renko Bar Indicator si far superior to any other Renko Chart creation tool on the Internet. OVO Renko Bar Indicator is terrific value.
I have an intense interest in understanding the value of adding Renko Auto Range to my Off LIne Charts. There is little or no information on the Internet about the value of trading with Renko Bars that are created with a range for actual bar size as opposed to an arbitrary bar size.
I respectfully request that you place more information about the significance of Trading with a Renko Chart based upon a Renko Auto Range Bar on your Website. I have a gut feel that it is very important.
Any Trader that is considering trading with Renko can not do any better than to create his/her charts with OVO Renko Bar Indicator.
Thank you
So many renko bar variations on this site. What is the best one for trading? I am confused which one to choose … pro renko bars , mid renko or other renkos on this site.
What i want is renko that doesnt repaint because i want to backtest and memorize renko patterns
Thx
Hello Andy, there are three indicators on this page, the two of them are Renko and differ only in wicks, the third one is a mod for experienced traders, not suitable for common Renko strategies.
You may use them all concurrently with the single key.
Hello. Please i seem to be having issues with my renko charts. After installation and following the required process, the renko chart refuses to work, and time is always behind. I have tried using mt4 build 971 and 988, but the case is still the same. The renko charts doesnt just populate, it stays on one spot and is late. Please Help
Hello Tari, please use the contact form when requesting support.
Hi
I want to order Renko orginal
already sent email for you yesterday
waiting your replay to the Email
Hello Abdulah, you may use all Renko indicators on this page concurrently with a single license. Regarding special prices, they are available only to bulk buyers (3+ licenses of the same kind), for a single license you need to go to the Pricing&Order menu and pick the “Pay Now” button under the desired produce type.
Ok
Done the payment for the single indicator
Thank you, enjoy. Do not forget the Renko FXT Builder raises its limit to 10k bars once your RenkoBar license is activated.
Hi, is there an indicator that generate hybric renko chart where all open price follow the previous bar close price? Thus the reverse direction renko bar is a double barsize as compared with normal renko barsize. Thanks.
Hello Lee, this option is available for the Flex Renko chart, which is included in the OmniaBar indicator. You can have the Renko chart with setting 100/100 input values for the Flex Renko.
Is the payment for the licensing of the products a one time fee?
Yes, it is a permanent license.
Awesome! Can I also add it to other machines such as a laptop? I am using my desktop at the moment but I would like to use this on my laptop as well.
Sorry please disregard that last question as it is stated on the pricing section of the website. I currently have downloaded the MeanRenko Bar indicator; If I were to just need the key for that renko system I would have to purchase the Mean Renko Key only, is that correct?
The key for mean Renko is valid for the mean Renko indicator. It also increases automatically the limit number of candles generated by the Mean Renko Fxt Builder to 10k on a computer with that license.
hallo ovo,
he does not show the period separators.
Hello Arjan,
change the offline ID in the inputs to less than 240.
What does the SESS button do?
It restarts the chart generator with every time gap, i.e it does not continue with the last candle from yesterday, but rather starts a new one at the today’s open price.
hii if i want to activate RenkoNoWickBar then i have to purchase the pack thanks
For the RenkoNoWickBar you may use the RenkoBar or OmniaBar licenses.
hii, i have last question because i am unable to understand it if i buy RenkoNoWickBar then how many times it can be used only for one time or as much as you want
With the license for RenkoBar, you will be able to run RenkoBar, RenkoNoWickBar, RenkoHybridBar in unlimited number of copies on three computers, lifetime. You may pick other three computers in case you needed to leave or retire the hardware or reinstall the system.
Hi,
If Metatrader closes down MT4 and only makes MT5 available do we have to purchase a new product or will you provide an upgrade.
Would there be any cost for this?
Thank you
Peter
I have no option for the MT5, until Metaquotes implement custom charts in MT5 terminal. However, there are no messages about “closing down”, as far as I am informed. They still sell MT4 server licenses.
Im looking to have an EA programmed to trade off this indicator. Would it be possible for a programmer to make an EA simply based on the block color changes (ie 2 blue blocks buy long then 2 red blocks exit long position and enter short and so on ) if so what information would they need? Do you recommend any programmers? Do this sale provided the mq4 and ex4 file formats? and lastly Do you provide updates for your software when and if metatrader 4 “updates” again?
Thanks for your time!
Joseph
Yes, that should be piece of a cake for a programmer to create such a simple EA. Unfortunately I cannot help with the recommendation, I do not have knowledge of how the other coders perform.
No, I do not sell any mq4 files. When the MQL4 updates and an incompatibility appears, I usually already have the new version, or I would publish a workaround when the incompatibility is behind the MQL language scope.
I need a coder to but i contacted my usual one & he said he could not code a ea for any renko generator here onovo so i guess the buffers are not available, this is necessary to code a ea in ex4 formatt…I asked this question specifically below & omniabar but i have not received a reply yet…I also asked anothed coder to look into it so when he gets back to me i will let you know his reply & put him in contact with you if it is possible, but i cannot guarantee the quality of his work as i have not worked with him before but he did try to help me with the problem at hand so he might be ok & he does have experience in mt4 coding.
Joseph look at my post below by “Robert” i have found a coder that says he can code a EA for OmniaBar & Renko, if you still need a EA coded let me know & i will put him in contact with you after my EA is done just to make sure that both of us do not wast our Time & Money.
thanks for your post – could you please put me in touch with the coder
Thanks
Joseph read my Post below by “Robert” sorry for the confusion but this forum/blog does not work as usual.
I was able to fing 2 coders that could code a EA for any Renko product here…The trouble in finding a coder is that it requires a more experienced coder…I actually had a coder do a EA for me using OmniaBar so this is the 1 i would recommend but if needed i will put you in touch with both if you still need one, or anyone else here, just post & i`ll get back to you asap.
thanks for your post – could you please put me in touch with the coder
Thanks
I am a member of the spartan trader academy and been told to get in contact with you to order a discounted key for the ovo renko license .
Could you please advise ?
Hello beranger, you may get the discounted price with Spartan Traders, in case you are their student. Please search for the discount link in their studentsā zone.
Hello Milan,
I like your offline tester but I tried today after a long time again. I am using 1000 Bars for creating the Renko’s but after dragging the offline tester in the chart I only see a few Bars (5). Where are my other Bars which I had in the original Renko Chart???
Hello Jilles, I checked the script with a few new builds and all seem to carry all the candles, except the phantom bars.
hii, i bought renko no wick bar licence bar key then for how many months this will be active and if it expires what i have to do. thanks
It never expires, and it never gets consumed. You may even transfer it from one computer to any other computer.
hi milan i would like to obtain my renko and mean renko key , did it come wite the omnia remote control, and how to make paymet….i am from malaysia and i need some details about the payment…and can i use it on different forex broker :for example igofx , xm, forex4u and etc…….and how many key should i purchase
hi milan i would like to obtain my renko and mean renko key , did it come wite the omnia remote control, and how to make paymet….i am from malaysia and i need some details about the payment…and can i use it on different forex broker :for example igofx , xm, forex4u and etc…….and how many key should i purchase, pls reply me as soon as possible thank u
Hello eugene, the remote is a free addition. There is no limit on brokers or accounts, the only limit is number of computers (or Windows user accounts if deployed on more than one Windows user).
Paypal is listed in Malaysia, so no problem should arise with payment.
ok, that mean if i purchase the renko and mean renko ativation key it came with the omnia remote control, and also i can use those software on 3 computers(3 operating windows 10) rite….
and the price will be 90USD correct
Correct. The OmniaRemote has no restriction.
Just consider that $90 is quite close to $120 for the OmniaBar, and you would have them all.
what is a omnia bar and what the purpose
Omnia Bar is a single indicator, which can construct any of the charts presented in this site. Check the main menu – Products->Omnia Bar.
hello milan did u mean all the renko and meanrenko is inciude in omnia bar
hi milan i just pay 120USD for my omnia bar ,but i haven’t received any activation key in my gmail yet…… is there any problem…. pls need some assiat tq
hi mr milan ……so wich software should i download….need some assist tq
i downloaded the trial file.. and loaded it to mt4 chart.. m1.. open offline m2.. but nothing.. just the basic offline lines.. is there a tpl available?
If i creat 2 or more charts with different time frames 2-m & 7-m etc. will all the charts up-date at the same time so they can be used simultainusly for trading? Do i need something else to up-date all charts in real time / simultainusly?
If not why don`t you add this feature in future version / update.
To clarify, i can use this on 3-different computers [ home pc + vps ] with unlimited instals of the indicator,correct? What if something happens and i need to change the 3- computers, is it possible w/o any further purchase?
Robert, the answer is yes to all your questions.
Are the renko buffers available so a ea could be developed for it?
I am sorry, the indicator does not use any buffers.
I am unable to download for my windows laptop, it keeps downloading in the wrong type of format, is there another way I can download?
Hi Milan, what other payment method can I use as I don’t have a PayPal account? I simply love you Renko products.
I do not have and do not plan to open PayPAL account .. is there any other way to pay .. credit/bank card etc. .. I want to buy either RENKO alone or the entire OMNIA package.
thanks for info
Jozef.
Hello Sir,
I am interested in Renko and like to buy $45 package. I have already downloaded some files but not sure which files to be downloaded.
Kindly help me to choose the essential files.
Which video should I follow?
Is there any PDF user guide?
Your early reply will be highly appreciated.
Kishore
The only essential file is any of the indicators displayed in the upper right corner of this page (you may take them all). For information about the optional stuff you may watch the video above and download them from the general Download page.
Is it possible to have an alert everytime there is a new renko bar printed? or maybe a pip countdown on the chart
I can’t find the renko mien indicator anywhere. Are you still selling this as a separate indicator or is it part of one of the inicator packages on your site?
Hello Russky, not sure what you meant exactly. There is the mean Renko indicator available in the site, however there is no indicator displaying Renko in a separate subwindow (if this was the point).
After testing the strategy, I had 80% efficiency. On a demo / real account it is 40-50% ?!
Is there any chance for effective testing of syrategy?
I suppose you are talking about the Renko FXT Builder, though we are in the Renko generator page. Not sure what you exactly call “efficiency”, but 45% gain in comparison to 80% is quite a big difference. My blind guess is the trades in the tester exactly correlate with the live ones by 95%, and the rest may suffer from slippage or may get skipped if broker does not accept them. So please check, if you set the spread realistically in your Strategy Tester, no idea what else could cause it.
When testing my EA, with renko 3pips the effectiveness of 80%, on the market of a real robot is practically lossy. The chart in the tester and the real / demo account is the same
Thank you
How can I test the strategy RENKO with the correct spread?
thanks for repl.
Hello Patrik, this query is not relevant to this page, but there are a few brokers with history including the spread, check the data sources in FXT Builder help page.
HI , i purchased Pointobar indicator around 2 years now, but now its saying expired please do help me in resolving the issue
thanks and regards
Hello sree,
before I am starting with the help, please be sure you tried the license reset and you filled the license code back correctly.
Hello Milan
Please how can I get your skrill account to pay for a renko bar indicator? Thank you.
Before Skrill payment use the contact form, please.
Hello there
I’ve got a problem with your renko candles. It’s not work good on all of the pairs. On some pairs it only shows a few candles as you can see on the picture: https://i.imgur.com/38wbCbv.png
I’ve set 100000 candles to starts with in the settings of renko. So why it does not work?
Hello Wojtek, scratch the USDJPY history files (*.hst) – in [data folder]/history/[server]/ folder. They should be erased when the terminal is shut down. 100000 candles may take a while then.
Can i know the below questions
How is m2,m3.m4 renko calculated?
How is this candles formed base on m2,m3 and what is the difference?
I understand that per candle is by brick in terms of pips. and some program it differently.
Please reply.
What license should I buy for renko wicked renko bricks?
Is This license also serves for original renko and hybrid too?
You need the Renko license. Indicators listed in the top-right corner of this page are covered by this license. The PonitO indicator is not.
May i know when Renko for MT5 plan to be available
Thx in advance
Hi Admin,
I want to buy your median renko bar but from your video on installation guide and first step, I will also need to install omnia remote and omnia auto range indicators,
Is it necessary to buy these indicators? and if without them, will the median renko bars work?
Thanks
Those indicators are free additions, and they are not required for creating the offline chart.
Hi,
Pls advise me which is better to trade, renko or range bar?
Thanks
I cannot trade Renko myself, while rangebars are my favourite. However Renko is far more popular.
Is it possible to access multiple time frames of the renko bars from an EA? For example, monitor both a 4 renko and 6 renko chart from a single EA?
Yes, in the live operation you may address any offline chart quotes, supposing the chart has its window in the terminal (may be in minimised view). It is not applicable in the tester, though.
Hi Milan
just dropped bye its great to see and people should apreciate, just this page above is showing 3 years of dedictaed support for a great product, used hourly by myself and always reliable. Many thanks for your dedication. Pho
Pho, thank you for all your compliments. I am happy if my work helps you.
How can I draw Renkobars with the Open ‘fixed’, as it is fixed per the option in the OfflineTestHelper? Thanks for letting me know.
You can’t. The option is using the OmniaBar’s Flex Renko instead, which has this option built in.
I bought renko for you. Can I using it also mt5 ?
Thank you.
I do not think any MT4 indicator can be used in MT5. MT5 is a different platform.
hi, ive been using multiple different indicators of renko and they keep repainting swings once i refresh the chart. is this normal? if not can you guarantee that your renko indicator does not repaint the way these other fake ones have been doing.
Hello Radley, I do not know how other Renko indicators are constructed exactly, I guess they mostly interpolate candles of the current chart for the initial chart reconstruction. In such case such behaviour would be normal.
Regarding the guarantee, a general disclaimer of responsibility applies.
Hi Milan,
I cant download any program, is there a problem with the page?
It does not seem like there is a problem with any download.
Hi,
I wanna use renko chart for my EA and I need the mq4 file
can you sell the source code file also?
Thanks,
Hi
Any limitations in using your indicators on a Mac book?
wont work on mine keeps downloading as a textme file
Hi, testing your products really impressed. My question and might have been asked before.Is it ok to put other indicators on the offline chart. The only confusion I see is switching back to original chart say on 15 minutes.So should one make the offline chart 15 minutes.Just learning Renko, always used Heiken Ashi. Thanks again for the development you have done. Tried doing codes for MT4 bloody hard.
Indicators attached to offline charts keep refreshing all values with every tick if they are not developed with respect to offline charts (which is quite rare). So essential need is setting the offline chart short and avoid redundant indicators, if you intend to decrease the power drain.
The original chart (the chart with a generator) may change its timeframe, it has no impact on the offline chart.
Hi,
Are renko w/o wick and wicked renko have repainting characteristic or is pure non repaint?
Second, I can see no difference in charts when I set different time frames like m2 m5 m15 in renko wicked and no wick. Is the time factor really don’t matter in these two renko charts or else?
Please help me with my questions,
Thanks,
Hello Majid, not sure what characteristics you mean, but the offline chart does not repaint on chart reload. Still, it may trim the left chart part according to the setting of initial candles condition, or redraw after missing data arrives.
Regarding the timeframes, I cannot see the difference either, I believe it is how it should behave.
Hi Milan.
I recently bought meanrenko and renko indicator , All are good.
Can i get MT5 version of this indicator. Thank you and good day.
Hello
My understanding so far is that i can not apply an EA on the renko charts and autotrade. Is this correct?
You may add your EA to the offline chart, there is no problem with EAs as far as I know.
Hi Milan
I saw you mention that ovo was an indicator
Does this mean I could put my ea on the day 1m chart and configure ovo as an indicator to make the ea work?
I have trouble running an ea on Renko
My ea trades on a new bar direction
Or do you reckon I can trade this ea directly o the Renko Chart, because I would need open and close of the bar?
I tried ovo and it is beyond the other versions I tried.
Running the ea is my only concern
Any help will be appreciated
Malcolm
hello i tried downloading renko it doesnt seem to work for me. did the samething in the video. Any helkp would be truly appreciated
Hello Ovo team,
I am thankful for your work … what i have noticed is that the volume in the hybrid renko indicator and by the normal renko indicator is different …. renko indicator has no zero volume per bar … i wanted to ask why is it so and which indicator i should use of both them to have a more accurate volume histogramm … i know that it cant be 100% the same but by some bars it is a huge different
I would be appreciate if u could answer to my question
Hi, Paypal is not available in my country. How can I purchase a key without PayPal?
I purchased Point O renko chart conversion on August 27th, 2018. It has been just what I wanted. However, this week my system crashed and when I reinstalled it, all was lost including my Renko Point Original. I would be happy to send you the PayPal transaction statement showing a $45 purchase price and item #POR45. Could you please send me the same program and the key to activate?
Thank you so much.
Robert Glover
Yes, I can, but please use the Contact Form for personal requests. Identification by email address is enough, I would send the copy only to the address it was sent originally to.
What are main differences between your two products, namely, ‘Renko Bars’ and ‘Mean Renko Bars’?
Cos i can’t decide which one to choose.
Thanks.
They have different constructions of the open price and the reversal condition. It depends on your strategy which one is the better choice.
Is plotting renko brick size based on percentage method supported by ovo renko indicator?
No, the input for the brick size is in MT4 points and the brick size is constant within the entire chart.
Good morning,
A few days ago we bought the mean renko fxt builder plugin, to be able to backtest in mode visual, and we need to know if this plugin also serves to be able to make an EA that works in real time to execute it in a VPS, or on the contrary it only serves to perform backtest. Best regards.
Hello Alberto, the VPS should not be a problem (unless you meant the Metaquotes VPS, which was not a VPS). However the script is meant only for preparing a testing chart, it has no support for live charts.
Hi,
I saw somewhere the Dynobars.
Do you have something like these bars?
Regards
momo
Hello momo, no, I do not have such chart.
Hi Milan, I have 2 questions as below:
1. Does renko works on MT5
2. I want to setup Renko on my mobile phone? What should I do?
Thank you very much for your support!
1- No.
2- If your Windows phone can run MT4 Terminal (not sure if mobile Windows system is compatible), then add the indicator the same way as on the desktop.
Hello sir.
I am trying to test my EA using the Renko FXbuilder buti am getting this error 2019.12.20 16:54:09.198 TestGenerator: file “5\tester\history\EURUSD240_0.fxt” cannot open [5]
after the data generation,
please can you help with what i am doing wrong,
Thank you,
Hello.
For which product I have to pay to receive Wicked Renko Bricks?
All the Renko generators on this page share a single Renko license.
hi I want to buy renko no wick bar and that I have from orginal renko briks but when I want to buy I dont know whits it is also I looking for Omnia remote.
Where can I buy renko no wick bar and omnia for that please? thx
Hi Milan,
As i understand this indicator for Renko chart requires DLL to be allowed. A VPS service in Mql4 dosent allow DLLs or non stantard TF charts.
Is there a way around this?
I mean How is possiple to use these Renko charts in MT4?
Thanks
Harris
Hello Harris, yes, DLLs need to be enabled. Not sure if alternate charts can run in the MQL hosting servers, probably there is a way. However the indicatror would require distribution via MT4 Products channel, which has very cruel license politics, and it would require dropping features, which make it precise, robust and fast. So it is not likely I would insert it into my plans in the future.
Thank you for fast reply.
One last question though…… Apart from Metaquotes VPS, according to your knowledge, is it possible that the indicator and the Renko charts will work in other kind of VPS or the same restrictions, as in Metaquotes, apply?
Thanks Harris
Yes, any ordinary VPS can run the terminal like your computer can. MQL VPS is rather a remote nest for MT4 terminal than a complete VPS.
Ok! Great!
Again thanks for timely replies.
Keep up the good work.
Harris
Hi, I had purchased the licensed version in 2018. That was “RenkoBar (RenkoNowickBar, RenkoHybridBar) Indicator” however, I am trying to download that but isnt available. Is there a newer version that I need to download? thank you!
Hi Milan..!!
I want to buy renko license but i don’t have paypal.. do you accept skrill?
i have emailed you many times but no luck sadly
I trade jforex that has true classical renko bars – broker data differences aside – am I going to see the same bar patterns as I see on jforex? I know MT4 uses time as a heartbeat and not price.
I cannot say, as I do not know if the feeds and construction priciples are identical for both platforms.
MT4 has not been supported new broker
any plan to develop renko on MT5?
Plans are for the berginning of the next year.
waiting for your good product
Hello
I bought both the renko and the point org products, i was wondering if it is possible to add a feature in one of these two that enables me to control the number of bars (boxes) in which the reversal happens. Meaning, the renko chart has a 2 bar reversal where as the point origional has one bar reversal, i would like to have the ability to change that say 3 or 4 bars reversal.
Thanks
hi
can i use this renko chart builder for run EA on it for real account?
Yes, you may.
Hi there my friend, are you working on the MT5 version already?
Also, can we apply custom indicators to the renko chart?
I would also love the mt5, you make good products for mt4 hopefully you’ll also make good products for mt5 too
Me too, but it is not a good sign when the developers stop responding important questions about the products… I noticed in all pages that he havenĀ“t been replying, I wonder if he just abandoned this.
Hi Milan,
I’m trying to use your indicator from within an EA that I’m writing. I’m using iCustom to access the indicator and specifying the indicator arguments as you’d expect. For all the drop-downs though I don’t know what physical values you’re associating with the enum’s – so I’m just guessing but no matter what I try I get this:
2021.03.16 22:31:50.841 RenkoNoWickBar USDCHF,M61: Output TF not set properly. Forcing value 62. Please fix the input next time to avoid accidental loss of the offline chart.
I’m not sure if the problem is connected to the arguments or to a “windows profile name’ which you mention in other responses on this site – my profile name is all ascii though so I’m not sure if it’s this.
Any assistance or documentation on how to access the indicator via iCustom would be much appreciated – many thanks.
AndyD.
Hi Milan,
I developed a EA that run on top of your Renko indicator.
the EA implements price action decisions.
problem
in live trading the open/close price seems to be for the tick data and not for the renko candles.
when I tested mu EA with FXTBuilder the open/close is of the renko bar.
what is the way to know that a bar is closed from code?
The bar closes (sets its close price) when the incomming tick appears outside the brick range. Both the open and close prices are artifitial with Renko, they may not reflect any tick quote.
Both the RenkoBar and FXTBuilder work in the same way – when the new candle tick arrives, the recent close and the new open are printed at the brick edge level, while the (first) incomming tick appears as a close price of the newly evolving candle.
When phantom bricks happen, then both RenkoBar and FXT builder print them with zero volume and no tick is generated in the tester. That differes from a simple M1-like testing, where the zero volume candles are not allowed.
can you have multiple instance of diffrent currency pairs from one renko builder? I am talking specifically about the normal renko with wicks
Hi,
I have some problems with my own Indicators running on the Renko no Wick charts, some of them are repainting/adding Arrows on each bar Closed.
Don’t have this problem on the Renko with Wicks.
Perhaps I should add some extra code in the indicator to avoid this?
Hope You can help me.
Before buying I want to check that this chart doesn’t use any DLLs? I plan to use this on MT4 VPS service which unfortunately doesn’t allow DLLs. Also, is there a restriction to use this on one account only or can I use it for multiple accounts?
How does your “OmniaAutoRange” calculation compare to using the ATR
Could OmniaAutoRange give the same answer as 50% ATR (14)
Could you also advise on choosing the best Time Frame for the calculation ?
Regards
It compares as ATR to an average range. The average range is a sum of candle ranges devided by a number of candles involved. So you are not receiving ATR or any other calculation from this indicator, just an average across the selected period of time.
Sir I used renko bars indicator and now wanted to get activation key.is this for lifetime activation
Yes, the license is lifetime.
Hello Brother,
Download RenkoNoWickBar.ex4 indicator
Can I ask some questions?
Can I run the EA smoothly on this indicator?
Is Acquisition Lifetime?
Does the indicator have updates or not, if so, how will I know how to update it?
Please leave here the link to buy this indicator.
Sorry for my English, it’s not my native language.
Thanks to listen to me.
I am looking for MT4 Renko bars based on candle close (not OHLC), do you have this or can you create it?
I have it in TradingView, but I would also like to have this in MT4
No, it would keep repainting in a live chart.
hello
renko chart no repaint??means no delete candel?no change place?place nail
hello
for live chart i need renko no repaint.no delete candel..no change place…mt4
Well, I am not sure what your question means. You have 15 days period for free testing to check if the script suits you..
Hi there!! Thanks for choices of goods products. I am from India. I would like to buy your Mean Renko with wicks indicator. Advise me how can I buy the indicator, provided that I don’t have account with Mt4 and there is no link with broker also. I buy data from third party supplier. How this license key will work. Have a good day!! Thanks!!
This script works only with ordinary MT4 data feed.
Hi. I bought renko license last week of renko but i need mean renko. Can i get mean renko license
Hey. There is any chance that you can provide expert advisor example (can be open buy on every candle close for example) using offlince chart (mean renko). I have and idea to code but i might be doing something wrong because sometimes it open a trade others don’t. And sometimes it open 2 trades at the same price.
Hi i love it the you renko chart. For me mt5 is I can use it there?
when are you planning to give the renko upgrade for MT5 ?
I would really love to purchase the license well I have issues with my card….is there any other payment method?. Thanks
Hello, I’m taking a Renko scalping course and I was given an s-Renko bar.ex4 file to install. No one knows why the installed indicator doesn’t appear in the File – Open Offline, under its name – e.g. Ger 40 M21. It is jus no there. One of the more advanced students advised me your webpage. I’ve just watched the video andI I have a question. Could I possibly implement your Renko bar to a specific authorial strategy ? Is clicking on M10 shown in the video takes you to the offline chart, and that’s it, no need to open it offline ? There is a specific way to prepare the chart for the renko to be installed like scrolling back until the chart stops, then Tools -Options – max bars in history /charts are max of 99999…. and there are different parameters which have proved to be working well for this strategy. I’m a beginner and not a native English speaker – i hope it is quite clear. BTW, I couldn’t find how I can purchase your renko bars. Should I register first or become a part of the community? I’m looking forwardto your answer.
Hello Marina, no additional action is needed, just deploy the indicator(s) and it works. The maximum bars in the Options pane defines the maximum buffer size you can afford for any chart or indicator. It may affect response time when too many charts get open, and it also may cause memory overflow and application crash when too high or too many charts and indicators are deployed (limits for 32-bit apps are quite low).
You should try my indicators first before the purchase, as long as you have 15-day trial.
Purchased the license key after my free trial…. copied the code an put it in the Field of indicator…it worked immediately and through out that day… after the the day was over, I shut down my PC only to turn it on the next day to see expired.
Tried retyping but it still didn’t work…. what can I do and what could be the issue?
Hello Favour, I cannot find any license linked to your email. Please use the contact form and fill in the email you used for the purchase, or append your license code.
Purchased for license key and pasted it on the activation Field area but it still says expired. Next free period starts in 63days.
Hello Confidence, I cannot find any license linked to your email. Please use the contact form and fill in the email you used for the purchase, or append your license code.
I deleted your next post, you cannot print out your email address here, this is a public discussion. The private channel is the contact form.