Technical Indicators for MetaTrader 4

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MetaTrader 4

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Renko Star

renko-star-logo-200x200-6814
120 $90 $

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Information

Indicators
MetaTrader 4
Abdulkarim Karazon
1.0
10

Overview

Renko Star is an mt4 arrow type indicator that is designed to trade renko charts , this indicator has a backtesting dashboard that tells the trader usefull info such as winrate and points won , it also give tp and sl in atr x multiplication, this indicator gives its signal on bar open or intra bar and it has a yellow mark that will mark the exact price where the signal were given , the way to use this indicator is by opening a buy or sell acorrding to the arrow given by the indicator and to set tp and sl as given by the indicator also , playing around with indicator settings will results in better or worst results so you have to change them until you get good results on dashboard that you can rely on .

this indicator does not repaint or backpaint 

Parameters :
  1. atr tp : tp value base on atr
  2. atr sl : sl value based on atr 
  3. atr period 
  4. Star period 
  5. Star filter 
  6. history : how much history to backtest
  7. spread : backtesting using spread in calculation
  8. show points : if set to true the indicator will show every signal results in points 
  9. arrows and tp and sl colors
  10. Alerts settings
  11. panel/dashboard position


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