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Renko MACD
The Renko MACD indicator is a poweful tool if used with the Renko indicator ( you can find here our Renko Adv product https://www.mql5.com/en/market/product/31606)
The indicator is a full timeless indicator and it can be used for manual trading or for automatized trading with some expert
advisor. Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship
between two moving averages. In this case the averages are calculated on the renko indicator, so only price levels are considered.
How to use
Demo version will be available in short
Time frame must be low( 1M, 5M or 15M) to have a good representation of historical bars because TF affects hystorical values considering that storical data supplies only OHLC values.
You should find by yourself how to use this indicator in the best way.
I suggest you to use 2 indicators: 1 for short term and the other for long term.
PS: please rate this indicator and leave a comment. Do not forget: your feedbacks are important!
For any question/suggestion do not hesitate to send me an email or message.
Your satisfaction is my satisfaction!!!
INPUT parameters
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