Renko Chart Indicator for Metatrader 4

Renko chart MT4

The MT4 platform is undoubtedly one of the most popular trading platforms among retail traders who regularly trade Forex, CFDs, and precious metals. Despite the popularity and numerous reviews of the MT4 platform, there has been little to no improvement when it comes to including other types of charts. In its current version, Metatrader only offers the classic types of price charts, that is: bar charts, japanese candlestick charts, and line charts.

Although MT4 has shown some lag in terms of chart type innovation, thanks to the large ecosystem of developers who specialize in the MT4 platform, various Renko indicators have been produced that can convert existing chart types to Renko charts.

In this article we are going to take a look at the RenkoLiveChart_v3.0 indicator which is available free of cost, indicating its advantages and disadvantages.

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