Tipu Renko Live – indicator for MetaTrader 4

(In the above chart, MT4 Tipu Renko live indicator has been applied over SBIN – H1 chart)

Renko charts were invented in Japan and were introduced to the Western world by Steve Nison, widely known as father of modern candlestick charting. Renko charts ignore time and focus solely on price changes. Renko charts plot fixed price brick up or down in 45 degrees with one brick per vertical line.

Tipu Renko Live is modified version of Renko Charts that can be plotted on a normal live time frame without the use of the converter.

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