Renko & Point & Figure | Foreign Exchange EA Download - MT4/MT5 Resources
Renko and Plotting (version 3.0)
Introduction <br> This is an advanced technical analysis tool that combines two popular charting systems with intelligent pattern recognition, statistical analysis and real-time market assessment capabilities.
Core features
1. Dual display system · Synchronized Renko and Point and Figure charts · Quickly switch between display modes · Mini charts in the corner to choose from
2. Intelligent box size calculation · Fixed mode : manually set box size · ATR-based mode : automatically adjusted according to market fluctuations · Multi-time range support : M1 to D1 for ATR calculation
3. Pattern recognition engine · Automatic pattern detection · Custom pattern definition (buy/sell/exit)
· Win-loss pattern recognition · Real-time pattern matching
4. Intelligent color system (18 colors)
· Visual market strength assessment · Volume anomaly detection · Transaction status indication · Time analysis visualization
5. Statistical performance analysis · 24-hour performance heat map · Best/worst trading time identification · Profit and loss ratio tracking · Historical pattern success rate
6. Integrated trading system · Automatic buy/sell signals · Configurable TP/SL management · Pattern-based exit strategy · Risk parameter optimization
Complete color interpretation system
Group 1: Basic Colors <br> Interpretation of color meanings
Green <br> Bullish brick price increases with box size
Red <br> Bearish brick prices drop as box size changes
Gray <br> Neutral brick prices change slightly or the market is hesitant
Group 2: Powerful Colors <br> color meaning signal
bright green <br> Strong purchasing power buyers completely control the market
Bright pink <br> Strong sales force sellers completely control the market
Group 3: Volume Color <br> Interpretation of color meanings
Dark blue <br> High Buy Volume Above Average Volume + Uptrend
deep red <br> High Sales Volume Above Average + Downtrend
Group 4: VWAP Colors <br> color meaning meaning
Turquoise <br> Price Above Volume Weighted Average Price Price Above Daily Volume Weighted Average
Dark purple <br> Below the Volume Weighted Average Price Below the Daily Volume Weighted Average Price
Group 5: Commercial Colors <br> Color meaning use
Turquoise <br> Buy Bricks Bricks created by buy orders
Orange red <br> Sell Bricks Bricks created by sell orders
light blue <br> Take profit trade ends with profit
deep red <br> Stop loss trade ends with loss
Group 6: Time Color <br> Interpretation of color meaning and time
Pink and white <br> Zero time bricks form immediately
Orange <br> Long term formation takes longer than usual
sky blue <br> Formation speed is faster than usual in a short period of time
medium green <br> Normal time is formed within the standard range
How it works - step by step
Step 1: Data collection · Receive market prices within the selected time frame · Calculate the trading volume · Record the formation time of each candle
Step 2: Brick Count <br> Text if high price ≥ original price + box size:
Create a bullish brick if low price ≤ previous price - box size:
Create a bearish brick
Step Three: Color Analysis <br> text
1. Calculate buy/sell power:
Power = (buying volume - selling volume) ÷ total trading volume
2. Comparison with average volume:
If brick volume > average volume × threshold:
Specify volume color
3. Check the volume weighted average position:
If price > VWAP + (3 × box size):
Specify VWAPUP color
Step 4: Pattern Recognition · Analyze the last 6 bricks · Compare with the defined pattern · Generate a signal if the pattern matches
Practical settings
Recommended initial setup:
1. Currency pair : EURUSD or GBP/USD
2. Time range : M5 or M15
3. Box size : 500 points (or ATR mode)
4.Pattern : Use default mode
Advanced settings:
· ATR period : 14-24 knots · Pattern length : 6 bricks · Volume threshold : 1.5×average · Power threshold : 0.3
trading strategy
Strategy One: Color Sequence Trading <br> Text position: POWERUP building block sequence entry: quantity confirmed exit: when the color changes to red
Strategy 2: VWAP Reversal <br> Text position: price close to volume weighted average price input: VWAPUP or VWAPDN appears Color exit: return to normal range
Strategy Three: Combination Mode <br> Text Pattern: Green → Volume Up → Power Up Entry: Pattern Complete Exit: Target Price Reached or Trend Changed
Statistical analysis
24 hour heat map:
Text • Each unit = one hour per day • Green: high win rate • Red: low win rate • Color intensity: % success
Performance Statistics:
· Best trading time · Worst trading time · Average profit and loss ratio · Number of successful transactions
risk management
Golden Rule:
1. Always use a stop loss
2. Reduce transactions during red hours
3. Don’t ignore weak colors
4. Check trading volume
Warning signs:
· Bright red + high volume : risk of a sharp decline · Continuous gray : directionless market - don’t trade · Sudden change of color : potential trend reversal
Practical Tips
For beginners:
1. Start with observation
2. Look for historical patterns
3. Start with a demo account
4. Use default settings
For professionals:
1. Define custom patterns
2. Optimize threshold
3. Use statistical analysis
4. Create a portfolio strategy
Color pattern interpretation
Strong buying pattern:
Text Powered → Volume Up → Green → Green Meaning: High Purchasing Power + High Volume + Trend Continuation
Sell warning pattern:
Text red → Volume down → Power off Meaning: Sales pressure + high volume + seller control
Market Indecision Pattern:
Text Gray → Gray → Gray Meaning: Directionless market - waiting for a breakout
Trend reversal pattern:
Text red → red → green → volume increase meaning: end of downtrend + start of uptrend
Daily use guide
Morning (overview):
1. Open the chart
2. Determine the main color
3. Check the hourly heat map
4. Look for active patterns
Day (Trading):
1. Wait for the complete form
2. Confirm color
3. Check the quantity
4. Enter a transaction
Evening (review):
1. Review transactions
2. View daily statistics
3. Optimize settings
4. Plan for tomorrow
Final Summary · Eliminate market noise · Demonstrate trends clearly · Measure market strength · Determine the best time to trade · Detect trading patterns
Key Insight : This indicator doesn’t tell you “when” to trade, it tells you “when” it’s better to trade. Ultimate success depends on risk management, patience and correct execution.
Introduction <br> This is an advanced technical analysis tool that combines two popular charting systems with intelligent pattern recognition, statistical analysis and real-time market assessment capabilities.
Core features
1. Dual display system · Synchronized Renko and Point and Figure charts · Quickly switch between display modes · Mini charts in the corner to choose from
2. Intelligent box size calculation · Fixed mode : manually set box size · ATR-based mode : automatically adjusted according to market fluctuations · Multi-time range support : M1 to D1 for ATR calculation
3. Pattern recognition engine · Automatic pattern detection · Custom pattern definition (buy/sell/exit)
· Win-loss pattern recognition · Real-time pattern matching
4. Intelligent color system (18 colors)
· Visual market strength assessment · Volume anomaly detection · Transaction status indication · Time analysis visualization
5. Statistical performance analysis · 24-hour performance heat map · Best/worst trading time identification · Profit and loss ratio tracking · Historical pattern success rate
6. Integrated trading system · Automatic buy/sell signals · Configurable TP/SL management · Pattern-based exit strategy · Risk parameter optimization
Complete color interpretation system
Group 1: Basic Colors <br> Interpretation of color meanings
Green <br> Bullish brick price increases with box size
Red <br> Bearish brick prices drop as box size changes
Gray <br> Neutral brick prices change slightly or the market is hesitant
Group 2: Powerful Colors <br> color meaning signal
bright green <br> Strong purchasing power buyers completely control the market
Bright pink <br> Strong sales force sellers completely control the market
Group 3: Volume Color <br> Interpretation of color meanings
Dark blue <br> High Buy Volume Above Average Volume + Uptrend
deep red <br> High Sales Volume Above Average + Downtrend
Group 4: VWAP Colors <br> color meaning meaning
Turquoise <br> Price Above Volume Weighted Average Price Price Above Daily Volume Weighted Average
Dark purple <br> Below the Volume Weighted Average Price Below the Daily Volume Weighted Average Price
Group 5: Commercial Colors <br> Color meaning use
Turquoise <br> Buy Bricks Bricks created by buy orders
Orange red <br> Sell Bricks Bricks created by sell orders
light blue <br> Take profit trade ends with profit
deep red <br> Stop loss trade ends with loss
Group 6: Time Color <br> Interpretation of color meaning and time
Pink and white <br> Zero time bricks form immediately
Orange <br> Long term formation takes longer than usual
sky blue <br> Formation speed is faster than usual in a short period of time
medium green <br> Normal time is formed within the standard range
How it works - step by step
Step 1: Data collection · Receive market prices within the selected time frame · Calculate the trading volume · Record the formation time of each candle
Step 2: Brick Count <br> Text if high price ≥ original price + box size:
Create a bullish brick if low price ≤ previous price - box size:
Create a bearish brick
Step Three: Color Analysis <br> text
1. Calculate buy/sell power:
Power = (buying volume - selling volume) ÷ total trading volume
2. Comparison with average volume:
If brick volume > average volume × threshold:
Specify volume color
3. Check the volume weighted average position:
If price > VWAP + (3 × box size):
Specify VWAPUP color
Step 4: Pattern Recognition · Analyze the last 6 bricks · Compare with the defined pattern · Generate a signal if the pattern matches
Practical settings
Recommended initial setup:
1. Currency pair : EURUSD or GBP/USD
2. Time range : M5 or M15
3. Box size : 500 points (or ATR mode)
4.Pattern : Use default mode
Advanced settings:
· ATR period : 14-24 knots · Pattern length : 6 bricks · Volume threshold : 1.5×average · Power threshold : 0.3
trading strategy
Strategy One: Color Sequence Trading <br> Text position: POWERUP building block sequence entry: quantity confirmed exit: when the color changes to red
Strategy 2: VWAP Reversal <br> Text position: price close to volume weighted average price input: VWAPUP or VWAPDN appears Color exit: return to normal range
Strategy Three: Combination Mode <br> Text Pattern: Green → Volume Up → Power Up Entry: Pattern Complete Exit: Target Price Reached or Trend Changed
Statistical analysis
24 hour heat map:
Text • Each unit = one hour per day • Green: high win rate • Red: low win rate • Color intensity: % success
Performance Statistics:
· Best trading time · Worst trading time · Average profit and loss ratio · Number of successful transactions
risk management
Golden Rule:
1. Always use a stop loss
2. Reduce transactions during red hours
3. Don’t ignore weak colors
4. Check trading volume
Warning signs:
· Bright red + high volume : risk of a sharp decline · Continuous gray : directionless market - don’t trade · Sudden change of color : potential trend reversal
Practical Tips
For beginners:
1. Start with observation
2. Look for historical patterns
3. Start with a demo account
4. Use default settings
For professionals:
1. Define custom patterns
2. Optimize threshold
3. Use statistical analysis
4. Create a portfolio strategy
Color pattern interpretation
Strong buying pattern:
Text Powered → Volume Up → Green → Green Meaning: High Purchasing Power + High Volume + Trend Continuation
Sell warning pattern:
Text red → Volume down → Power off Meaning: Sales pressure + high volume + seller control
Market Indecision Pattern:
Text Gray → Gray → Gray Meaning: Directionless market - waiting for a breakout
Trend reversal pattern:
Text red → red → green → volume increase meaning: end of downtrend + start of uptrend
Daily use guide
Morning (overview):
1. Open the chart
2. Determine the main color
3. Check the hourly heat map
4. Look for active patterns
Day (Trading):
1. Wait for the complete form
2. Confirm color
3. Check the quantity
4. Enter a transaction
Evening (review):
1. Review transactions
2. View daily statistics
3. Optimize settings
4. Plan for tomorrow
Final Summary · Eliminate market noise · Demonstrate trends clearly · Measure market strength · Determine the best time to trade · Detect trading patterns
Key Insight : This indicator doesn’t tell you “when” to trade, it tells you “when” it’s better to trade. Ultimate success depends on risk management, patience and correct execution.
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