RenkoShade2 – Draws Renko boxes in normal TF

To see the renko box on normal TF… or not!!! Try the renkoshade on renko chart!

Put the renkoshade2 on a renko chart, it will provide you ‘multi renko’ view.

See attached picture.

Picture 1: RenkoShade 10 on TF M5
Picture 2: RenkoShade 5 on Renko 3

Logic of drawing renko boxes taken from renkolivechartv32.

version 2_1 does not need to import external experts


MT4 Indicator Download – Instructions

[post-title] is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.

[post-title] 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 [post-title].mq4?

  • Download [post-title].mq4
  • Copy [post-title].mq4 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
  • Right click on [post-title].mq4
  • Attach to a chart
  • Modify settings or press ok
  • Indicator [post-title].mq4 is available on your Chart

How to remove [post-title].mq4 from your Metatrader 4 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

MT4 Indicators Download below:

RenkoShade2 – Draws Renko boxes in normal TF

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