Explore the latest free tools from the MQL5 community. Here's a new indicator, expert advisor, or script for MetaTrader.
The panel shows:
- up/down brick counts and percentages;
- directional balance;
- reversal rate;
- average run length;
- maximum run length;
- current run direction and length;
- bricks formed per hour;
- average minutes per completed brick.
Inputs:
- Brick Size — fixed Renko brick size in price units.
- Lookback Bricks — number of recent completed bricks used for statistics.
The indicator uses the classic two-brick reversal rule and only completed Renko bricks. It does not create offline charts or custom symbols and requires no DLL or external indicator.
This is an educational/statistical tool. It does not generate BUY/SELL signals and does not claim predictive value or future profitability.
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