MedianRenko manual pages

How to clone the settings from UniRenko to Ultimate Renko?

The Ultimate Renko indicator for the Metatrader and cTrader platforms is capable of displaying UniRenko charts which are commonly used on the NInjaTrader platform. Unfortunately, not many traders know how to correctly calculate the values for the individual settings of the Ultimate Renko charts. The main problem is in the correct calculation of the bar size.

UniRenko chart

UniRenko is defined ...

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Backtesting EAs on RangeBars, Renko, Median Renko & PointO charts using tick data on MT4

This page is obsolete and no longer maintained. Please browse the blog article for information regarding backtesting on different custom charts.

This is a step-by-step guide to help you with testing EAs on various price based charts using tick data. The backtests will be performed with 99% modeling quality.

You will need the following software components (links provided in the list below):

Step 1 – Downloading tick data needed to perform the backtest

There are several ways to acquire ...

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Range, Renko, Median Renko & PointO info indicators

Special informative indicators have been bundled with the following plug-in packages for Metatrader4.

They are designed to be optionally placed on the custom offline charts to provide additional information to the trader.

The indicators have an “_info” suffix and are located under “Custom Indicators” in MT4’s Navigator Window. They are used to display the projected thresholds, which should be crossed by price in order for a new bar to form. These levels are marked by green and red price labels, ...

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