//+------------------------------------------------------------------+
//| Renko_v1.mq4 |
//| Copyright © 2005, TrendLaboratory Ltd. |
//| E-mail: igorad2004@list.ru |
//| Many Thanks To Konkop |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2005, TrendLaboratory Ltd."
#property link "E-mail: igorad2004@list.ru"
//----
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Aqua
#property indicator_color2 Magenta
//---- input parameters
extern int PeriodATR=10;
extern double Katr=1.00;
//---- indicator buffers
double UpBuffer[];
double DnBuffer[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- indicator line
SetIndexStyle(0,DRAW_LINE);
SetIndexStyle(1,DRAW_LINE);
SetIndexBuffer(0,UpBuffer);
SetIndexBuffer(1,DnBuffer);
IndicatorDigits(MarketInfo(Symbol(),MODE_DIGITS));
//---- name for DataWindow and indicator subwindow label
short_name="Renko("+PeriodATR+","+Katr+")";
IndicatorShortName(short_name);
SetIndexLabel(0,"Renko");
//----
SetIndexDrawBegin(0,PeriodATR);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Renko_v1 |
//+------------------------------------------------------------------+
int start()
{
int i,shift;
double Up,Dn,Brick,AvgRange,dK,ATR,BrickUp,BrickDn;
for(shift=Bars-1-PeriodATR;shift>=0;shift--)
{
AvgRange=0;
for(i=PeriodATR-1;i>=0;i--)
{
dK=1;
AvgRange+=dK*MathAbs(High[i+shift]-Low[i+shift]);
}
ATR=AvgRange/PeriodATR;
if (shift==Bars-1-PeriodATR)
{
Up=High[shift];
Dn=Low[shift];
Brick=Katr*(High[shift]-Low[shift]);
}
if (shift<Bars-1-PeriodATR)
{
if (Close[shift] > Up + Brick)
{
if (Brick==0)
BrickUp=0;
else
//----
BrickUp=MathRound((Close[shift]-Up)/Brick)*Brick;
Up=Up + BrickUp;
Brick=Katr*ATR;
Dn=Up - Brick;
BrickDn=0;
}
if (Close[shift] < Dn - Brick)
{
if (Brick==0)
BrickDn=0;
else
//----
BrickDn=MathRound((Dn-Close[shift])/Brick)*Brick;
Dn=Dn - BrickDn;
Brick=Katr*ATR;
Up=Dn + Brick;
BrickUp=0;
}
}
UpBuffer[shift]=Up;
DnBuffer[shift]=Dn;
}
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains the highest prices of each bar
Series array that contains the lowest prices of each bar
Series array that contains close prices for each bar
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: