Renko v2

Renko v2


The indicator implements a breakthrough system using the Renko channel. When price exits the gray channel, the bar color changes to the color corresponding to trend direction.

Green for the growth of a financial asset, red color – fall. Bright colors denote coincidence of trend direction and direction of a candlestick. Dark colors correspond to the situation when the direction of a candlestick is opposite to trend.


MT5 Indicator – Download Instructions

Renko v2 is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

Renko v2 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 v2.mq5?

  • Download Renko v2.mq5
  • Copy Renko v2.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 v2.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Renko v2.mq5 is available on your Chart

How to remove Renko v2.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 v2

Trade With Lowest Spreads
Previous articleShadeNY
Next articleTrendTriggerMod HTF