Python FX Renko Indicator Download

A NON-Repaint Renko Indicator system called Python FX Strategy provides simple Buy/Sell indications on Renko charts. It is often offered for 67 dollars per lifetime. This trading strategy uses a Renko chart as a filter to exclude all market noise, including manipulations and spikes.

It is a trend momentum technique based on a TMA-centered MACD and a Bollinger Bands stop. You can use this strategy on regular bar charts in addition to Renko and medium Renko charts for trading.

About Renko indicator

The foundation of Renko charts is PRICE, not TIME. Tick every tick, Renko charts dynamically update. For predicting the shift in market mood that comes before a new trend, Renko charting is said to be the most accurate. The appearance of a candle of a different color indicates a trend reversal. Trading in the trend’s direction and exiting when it changes direction is a simple strategy to implement. On Renko charts, support and resistance levels are clearly visible.

Renko Indicator charts eliminate market turbulence, clearly display trends, and quickly spot reversals. Trading professionals find that Renko charts are particularly useful for pinpointing important support and resistance levels. Buy/sell signals are produced when the trend’s direction and the candles’ color change. For each Renko, actual volume figures are displayed.

The Python FX Indicator can provide you with trade signals that you can use as-is or further filter with your own chart research, which is advised. Although this strategy can be used by traders of all experience levels, it may be helpful to practice trading on an MT4 demo account first until you are reliable and self-assured enough to trade in real time.

Stick to your money management plan and avoid trading during a period of breaking news. Before a half-hour and an hour of the high-impact forex news, stop trading.

You will receive a signal alert from Renko Strategy via platform pop-ups. This is advantageous since it allows you to monitor numerous charts at once and eliminates the need to spend the entire day staring at the charts in anticipation of signals.

Any Forex currency pair as well as other assets including equities, commodities, cryptocurrencies, binary options, precious metals, oil, gas, etc. can be traded using the Python FX Strategy. Any time frame, from the 15-minute to the 4-hour charts, can be used with it, including the Renko Chart.

How to Install renko

01. Copy all the files to the according folders
02. Restart your Metatrader 4
03. Open your preferred Pair e.g: EURUSD, GBPUSD, etc., and select Time Frame M1. Zoom out to the smallest chart
04. Then press the HOME key on the keyboard several times. (We do this step to get history data a minimum of 1 to 2 months ago).
05. Then load the “DoubleMeanRenkoBuilder” Indicator onto the chart. (don’t close this chart. If you do Renko chart will stop updating)
*Renko Box Size 10 pips
*Box shift 45 for conservative and 25 for aggressive.
06. Now you can open the Renko chart, Click Tab File ➔ Open offline

07. If you previously Attached the EA to the EURUSD pair, you can find EURUSD M10 (if you can’t, you may need to restart the MT4). Click Open it.

08. In the last step, load the “Python FX” template to your new chart. (see the below screenshot to confirm it is installed correctly)