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Renko Chart Builder

Convert Price Charts into Noise-Filtered Renko Bricks

Renko Chart BuilderBrick-based charting · Noise filterSource-verified data · REAL-DATA-SOURCE · mql5.com/en/market/product/114188

About This Indicator

The Basic Renko chart-building indicator, sold on the MQL5 Market (product/114188) and documented at tradingfinder.com and the Best-MetaTrader-Indicators library, converts standard MT4 candlestick charts into Renko brick charts — a chart type composed of fixed-size bricks that plot purely on price movement, independent of time. Each new brick forms only once price moves by a predetermined amount (the "box size"), filtering out market noise.

Key Features

  • Filters out time-based noise — only price movement creates new bricks
  • Trend clarity: bricks form at a clean 45° angle in trending markets
  • Customisable box size (in pips) to match your trading style
  • Colour-coded bricks: one colour for up-moves, another for down-moves

Specifications

Platform
MT4
Chart type
Renko (brick-based)
Key setting
Box size (pips)
Best for
Trend-following, noise reduction

Note: Renko charts remove time from the x-axis entirely — do not use them for time-based analysis (e.g. session timing) without cross-checking a standard candlestick chart.

Source

Verified at mql5.com/en/market/product/114188

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