Using this extension for MetaTrader you can analyze various market trends and make informed financial decisions. It is possible to generate Renko charts.
RenkoLiveChart
RenkoLiveChart is a Windows plugin for the popular MetaTrader application. There are tools for filtering out market noise to focus on price movements. Additionally, users are able to backtest new trading strategies with the help of historical Renko charts.
Main functionality
After integrating the extension you can access new features via the main toolbar in MetaTrader. It is possible to automatically generate detailed Renko charts. There are flexible customization options such as brick size, time frame and graph type.
Users are able to evaluate the potential performance of complex trading strategies by applying them to historical Renko charts. Integrated risk management instruments are helpful for managing personal positions and minimizing possible losses.
Interface
The main window contains buttons for adding technical indicators to the chart. This way you can perform deep technical price analysis. RenkoLiveChart provides access to real time data updates and the latest market information. An option to enable personal notifications to stay informed about price movements and trading opportunities is included as well.
Features
- free to download and use;
- offers you a plugin for the popular MetaTrader platform;
- contains tools for generating and analyzing Renko price charts;
- users can evaluate potential risks to make informed financial decisions;
- compatible with all modern versions of Windows.