Renko Engulfing Indicator

Renko (and Mean Renko) Engulfing Bar Indicator - stop shopping, drawing arrows indicator possible entry points in the purchase / sale, as well as stop-loss. The indicator is designed to operate on the off-line Renko charts and graphs on the median-Renko.

It is recommended to use the indicator with a fixed brick Renko by 20 points or more. It is not redrawn. Arrows are added after the close of the bar. buy / sell arrows displayed indicator can be combined with moving averages and Stochastic, as well as the levels of overbought / oversold.

Display Setting Renko Engulfing Bar:

• Count Bars: default (4) - the minimum number of bars of the previous trend. Recommended values ​​of 3 to 7


• Show History: True / False - the mapping of past signals on the chart)


• Show Comment: True / False - display values ​​and Buy Stop loss


• AlertsOn: True / False - enable alerts


• Play Sound: True / False - sound notification


• Show Popup: True / False - a pop-up alert in the terminal MT4


• Email: True / False - notification by email. You must correctly configure the SMTP in MT4 terminal.