Can I build my own Renko Charts?
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Is it possible to use fxdreema to create an offline renko chart by reading the chart data? I have these indicators for MT4 but I can;t find the exact kind I want for MT5. Is it possible for me to build my own renko chart builder? Just wondering as I can't seem to find any tools or clues of how/where to start . Thanks in advance for any feedback
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AFAIK it is possible. However, I never tried ot. Here you have some helpful threads about it.
https://fxdreema.com/forum/topic/4667/renko-charts
https://fxdreema.com/forum/search?term=renko chart&in=titles&sortBy=relevance&sortDirection=&showAs=posts
https://fxdreema.com/forum/search?term=renko chart&in=titles&sortBy=relevance&sortDirection=&showAs=posts -
@l-andorrà Thanks for getting back to me. I just signed up for the full version and I'm loving the platform so far but I have found a few snags that I just can't overcome. I will ask each question in a separate thread.
So I found the mq4 file for a renko chart builder and I tried to use the converter to change it to a mq5 file. When I did this and downloaded the file, It took the 600+ lines of code and put it all into 1 line and in Chinese. Weird I know.... Anyways I saw the full code in the converter, copied this text and compiled it by myself in the metaeditor5. The problem is the the compiled file has 19 errors and 8 warnings. I'm not sure if I did something wrong and perhaps there is a way to fix it, or if the converter just doesn't work properly for files are not made in fxdreema, I have read a few thread on this topic and I know that a few members want to make renko charts by themselves too... I've only been coding for less than one week now so forgive me if there is something basic that I am missing. I tried to do the research first before asking the question
The 2 files shared below are:
1 Working renko chart builder for MT4 code included
2 Code for MT5 with error messages
https://www.dropbox.com/s/457gpurwdzts0ex/RenkoFree.mq4?dl=0
https://www.dropbox.com/s/nw9dmoljeqg8d8v/Converted Renko.mq5?dl=0 -
@stantonhitz Unfortunately, I'm not a programmer, just an advanced fxDreema user, I'm afraid :(. I have no idea how to fix that issue. Maybe miro or roar can offer some help.
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@l-andorrà Thanks for you help bro. I thought you were with fxdreema. lol. So are the responses all from other members? Is there anyone from fxdreema to answer the questions in the forum or are we all just helping each other figure it out as we go along. hahahaha
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you can not convert mq4 to mq5 for renko chart generators,
mt5 renko is very different from mt4, you will be unable to convert it, don't waste your time with that
moreover, renko is not as good as it looks, it filters out time, but that's about it, time is important so you lose a lot of information
those offline charts for MT4 are generated from an incomplete tick history, or if they are generated forward, they will look different on each broker (due to different injection of tick data at highly volatility events) ... and you can easily lose them, they can be rewritten by the generator from a "simplified" history of 1-minute candles
