MT4 Renko Indicator Now Available with Forex Chartistry
ForexChartistry package is specially designed for renko chart analysis and renko trade automation on the Metatrader 4 with ideas explored in Steve Nison Beyond Candlestick book.
Singapore, Singapore, March 21th 2013 — ForexChartistry.com is introducing MT4 Renko indicator to the Metatrader 4 trading community. For limited time only, Mt4 users will now be able to enjoy access to forecasting and performing currency analysis with the Renko chart indicator all within the Metatrader 4 trading platform for free. Click on the link for full information on how to download this MT4 Renko indicator.
Metatrader 4 or Mt4 users do not always have the ability to use the most popular trading technologies within the Metatrader 4 trading platform. Most developers are now focusing more on mobile apps or software of competitor trading platforms which are more development-friendly to current programming technologies.
Flagforex is the development team behind ForexChartistry. Flagforex team is able to overcome existing MT4 programming limitations to introduce the MT4 Renko indicator to the trading community. Some of the common challenges that most Renko traders face while using existing free tools were:
1. Lack of documentation and support for the renko indicator
2. Renko indicator has to be placed on an offline chart
3. Usage of indicator may lead to MT4 instability
4. Trendline placed on the renko chart will often misplaces after a few bar closes
5. Lack of Renko trade entry and exit automation tools
These challenges were overcome by the newly released Forex Chartistry package. Both free and paid users will get to download the MT4 Renko indicator for free.
Proper Documentation Provided with Online Support Team
Documentation for the renko indicator including basic setups, installation and trading parameters is fully explained in the user manual. If there are additional questions, the MT4 users can also submit a ticket and this ticket will be responded by the ForexChartistry’s support team within 24 hour.
Renko Chart works on Real-time Chart with Trade Automation
The newly introduced renko indicators work on a real-time MT4 chart. Paid users will be able to enjoy trade entry and exit automation based on renko trend change generated signals. Trade automation features includes:
· Automated entry on trading trendline breakout
· Renko trailing stop
· Automated exit on user-specified number of opposite renko brick formation
Trading Trendline Breaks and Chart Formations on Renko are Now Possible
ForexChartistry package includes a trendline expert advisor which allows users to draw trendlines onto the Renko chart. Problems such as trendline found misplace after several bar or candles closed will not occur with ForexChartistry renko indicator.
Renko Indicator will be Updated and Revised
In addition, free and paid user will also enjoy free updates and revisions to the renko indicator by the ForexChartistry team.
The idea of creating the renko charting package on Metatrader 4 came about from this book called Beyond Candlesticks by Steve Nison. Steve Nison is often called the ‘Father of Candlesticks’ who was the man that revolutionized technical analysis by introducing candlestick charting techniques to western traders way back.
In this book published in 2004, Steve talks about new Japanese techniques for forecasting and tracking market prices and how financial traders can do to better at market-timing their investment trades.
The Flagforex team concepts discussed in the book and as such, they developed a renko charting and automation package on the Metatrader 4 trading platform so that readers of this book can directly apply renko trading techniques learnt easily on the MT4 platform.
Click on this link to visit the url for more information on this free MT4 Renko chart indicator. The renko charting and automation package can be found at : http://www.ForexChartistry.com./mt4renkoindicator
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