RobotFX curates the best open-source MetaTrader code to inspire your trading automation.
The difference between the high and low of a candle divides into three parts each one corresponding 1/3 of the candle. The indicator calculates where the candle opened and where it closed. It is recommended to hide the initial chart by setting the following parameters: option "Chart on foreground" unchecked (menu "Charts"-> "Properties" or press F8, tab "Common").
Bullish Pattern:
1-1
2-1
3-1
Bearish Pattern:
1-3
2-3
3-3
Trade Renko charts automatically using the advanced Renko Expert Advisors. Clean trends, better entries. Discover them here.
Thanks for reading. Discover premium MetaTrader solutions at RobotFX.
7109
