Technical Indicators for MetaTrader 4

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MetaTrader 4

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Holy Renko PRO

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Information

Indicators
MetaTrader 4
Bianca Seara
2.0
5

Overview


About 

Holy Renko is a trend identifier capable of identify small and long market movements. This indicator should be use in Renko Charts.


VIDEO (information and tips) [HERE]

How to install Renko Charts [HERE]


Features

  • Developed for Renko Charts
  • Easy to analyze
  • Fast signals
  • Not repaint (when candle close) 
  • Statistics panel
  • Filters false signals
  • Alerts, emails and push notifications

 Advantages of Renko Chart

  • Easy to install
  • Easy to analyze
  • Filter out the noise of wicks 
  • Easy identification of support and resistance lines
  • Easy identification of trend
  • Each candle represents X pips, not X time 

Indicator Parameters

  • period - number of periods to analyze the trend
    • 5-12 recommended to scalping 
    • 15-20 recommended to day trading
    • 30+ recommended to swing trading




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