This indicator for ProRealTime plot RENKO boxes on your price chart, just like the default ProRealTime RENKO . See examples below.
A lot of people are asking about RENKO trading with proorder, now it is possible!
it paints the same exact renko as the platform, it returns the counts of red and green boxes and there is a breakout signals activation or not
- Plot renko boxes on your price chart, just like the default ProRealtime renko indicator.
- Choose your box size, and the indicator will automatically adjust to plot renkos like the platform’s
- Compatible with all price types (Open, High, Low, Close) and all timeframes
- Create your own automatic trading strategies with ProOrder, finally trade renkos charts with ProOrder!
- Compatible with all instruments: Forex, Indices, Stocks, ETF, …
- The indicator returns the amount of red or green renko boxes since the last reversal: create your own strategy with ProOrder. It also returns the last low and the last high, allowing you to play breakouts, measure price ranges.
- The indicator can be integrated into any automated trading strategy, using ProRealTime’s ProBackTest and ProOrder function, or to create indicator and screener
The indicator has all renko output values. The following figures show the output values on the graph.
The Ouput values can be used to create: Automatic strategies, backtests, screeners, or other indicators such as simple filters.
Every single value of Output can be used simply by calling the indicator, but if you need an example we are available to send scripts without any problem.
Examples to use output:
- RenkoSize: To set Height of Renko Box
- BreakOutMaxRenko: Number of boxes after breakout to trigger signal of BreakOut (Filter)
- ShowTopBottoms: To show level of Top and Bottom of Renko
- Breakout: To enable signal of BreakOut
- Show Info: To show values of number of consecutive greens and reds boxes
- alpha: To manage transparency of boxes colors