Renko Atr Envelope Pro PlusMT4

Renko Atr Envelope Pro PlusMT4

Renko + ATR Trend Envelope PRO+ (Non-Repainting)

Renko + ATR Trend Envelope PRO+ is a clean trend-filter indicator that combines a Renko-style step histogram with an ATR-based trend envelope. It highlights trend direction, volatility expansion/contraction and trend reversals with arrows and optional alerts.

This tool is ideal for:

• Trend following strategies

• Breakout confirmation

• Filtering false entries during choppy markets

• Visualizing volatility using ATR envelopes

Key Features

✅ Renko-Style Histogram (with gradient strength)

• Step-based histogram reflects Renko direction.

• Optional gradient coloring shows momentum strength (distance from Renko mid).

✅ ATR Trend Envelope (volatility adaptive)

• Upper/Lower envelope is calculated using ATR * multiplier.

• Helps identify trend phases and pullback zones.

✅ Trend Change Arrows

• Arrow appears only when the trend state changes.

✅ Alerts (Optional)

• Popup alert

• Push notification (MT4 terminal must be configured)

• Sound alert

✅ Non-Repainting

• Trend change signals and alerts are confirmed on closed candles (no repaint / no shifting).

Inputs / Parameters

• Renko brick size (InpSize): step size in points (e.g., 20–50 on Forex, higher on Gold/Crypto)

• ATR period (InpAtrPeriod): ATR smoothing (14 is a good default)

• ATR multiplier (InpDeviation): envelope width (1.2–2.0 typical)

• Gradient (InpGradientOn, InpGradPower): enable/adjust histogram strength effect

• Fill band (InpFillOn, InpFillAlpha): background trend band and transparency

• Alerts (InpAlertPopup, InpAlertPush, InpAlertSound, InpSoundFile): enable desired notifications

Recommended Settings

Forex (M15–H1)

• InpSize: 20–40

• InpAtrPeriod: 14

• InpDeviation: 1.3–1.8

Gold / Indices

• InpSize: 80–200 (depends on symbol digits and volatility)

• InpAtrPeriod: 14–21

• InpDeviation: 1.5–2.2

Crypto

• InpSize: 100–500+

• InpAtrPeriod: 14–21

• InpDeviation: 1.6–2.5

Tip: If you see too many reversals, increase InpDeviation. If signals are too slow, decrease InpDeviation or reduce InpAtrPeriod.

Important Notes

• Works on any symbol and timeframe.

• Signals are generated on closed candles to avoid repainting.

• Push notifications require MetaTrader 4 notifications to be enabled in terminal settings.

Disclaimer

This indicator is an analytical tool and does not provide financial advice. Trading involves risk. Always test on a demo account before using real funds.