Real Renko Chart Forex Indicator

This is a real Renko candlestick indicator that can be used on live forex charts. The indicator draws 2 colored Renko candlesticks: gray and red.

Gray candlesticks suggest an uptrend, red candlestick suggest an downtrend.

You can combine this indicator with other analysis tools/indicators to build a complete trading strategy or forex system.

Trading Signals

Buy signal: Look for buy signals at any gray Renko candlestick (up trend)

Sell signal: Look for sell signals at any red Renko candlestick (down trend)

Indicator Preferences

Currency pairs: any

Time frames: any

Trading sessions: any

Download

Download the RenkoColorBars1.ex4 indicator.

Configurable Indicator Options

Colors, method, filter,…

GBP/USD M1 Chart Example

renko-forex-indicator

Share Now!