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I wanted to automate a trading system I've been using and found Michal whilst surfing the internet f...(read more)


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Metatrader MT4 Renko bars script for historical and real time off-line charts. Similar to the PeriodConverter.mq4 script.

The script when dropped on a chart makes Renko bars which can be opened in he off line mode as a new chart. Charts are updated in a real time and works as standard MT4 charts. You can put any (custom) indicator or even trade on them.

You can learn about Renko bars following this link: investopedia

This video shows a demonstration of usage of the off-line charts.



Some good Renko info here about patterns How to Trade Using Renko Charts.
Frequently asked questions about application of off-line charts are answered here Off-line charts FAQ.pdf. The backtesting procedure described in the FAQ is shown on the movie:



A nice Renko mechanical system is presented here. And here is a discussion board devoted to Renko charts trading.

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Current Reviews: 2
This product was added to our catalog on Saturday 08 March, 2008.
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What? Only good reviews are allowed here? Where did my revie ..
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