Ultimate renko (an upgraded version of the MedianRenko plug-in) is a variation of the regular renko chart that enables various charting types to be created and is essentially the only renko plug-in that you will ever need.
All charts can be shown with or without wicks, the user has full control over symmetry and is able to shift the new bar’s open value relative to the previous bar’s close (retracement factor). These three powerful settings will enable you to create all of the well known renko variants such as the median renko (a.k.a. mean renko or better renko), turbo renko, hybrid renko, renko, vanilla renko and PointO. Examples of these charts along with the settings to create them using the plug-in are showcased below: