Renko v1

Renko v1


The trend indicator which draws the boundaries of the channel.

This indicator was first implemented in MQL4 and published in Code Base at on 24.10.2007.


MT5 Indicator – Download Instructions

Renko v1 is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

Renko v1 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install Renko v1.mq5?

  • Download Renko v1.mq5
  • Copy Renko v1.mq5 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on Renko v1.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Renko v1.mq5 is available on your Chart

How to remove Renko v1.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Click here below to download MT5 Indicator:

Renko v1

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