Forecast Markers for Renko, Average Renko and Range Bars - MetaTrader 4 Script - MT4/MT5 Resources
Simple markers on the chart predict the closing price of future candles, so manual traders/scalpers can easily monitor the chart to see how far the candle can go before closing.
This code only works for Renko, Average (Medium) Renko and Range Bar offline charts.
Attachment download
📎 range_predictor.mq4 (6.43 KB)
Source: MQL5 #14868
Forecast markers for Renko, Average Renko and Range Bars - MetaTrader 4 script usage and filtering recommendations
Forecast Markers for Renko, Average Renko and Range Bars - MetaTrader 4 Script is a resource related to trading scripts. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •
