Forex Time of Renko Bar MT4 Indicator

Forex Time of Renko Bar MT4 Indicator:

About the Forex Time of Renko Bar MT4 Indicator

This “Time of Renko Bar” indicator can be utilized by traders using Renko bars. The indicator will record the time taken for each box to be formed (in seconds) and display those values in a separate indicator window. Some traders use the time of a Renko bar to assess momentum. This means that if a box is taking more time to form, it could mean that the trend is weakening.

Test results:

Forex Time of Renko Bar MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

Other forex trading Expert Advisors

Leave a Comment