It is also unlikely that we will get to a point anytime soon, when MT4 may have this functionality. The reason behind this is for the obvious fact that Metaquotes (the company behind Metatrader) has so fair not provided any solution for rendering MT4 Renko charts natively. It is for these reasons that when it comes to Renko charts, there are many different MT4 renko chart indicators and renko expert advisors.Īll these MT4 renko chart indicators follow pretty much the same logic, which is to render the Renko charts. Thus, when you are using the MT4 trading platform, you are sure to find any custom indicator or MT4 expert advisor easily.Īnd if you don’t find the indicator or EA you are looking for, you can simply hire an MT4 developer to build one for you without being too expensive on your wallet. Compliment these benefits with the fact that there is a vast eco-system out there. Despite the recent strides in various online chart platforms, the Metatrader 4 or MT4 continues to remain the most popular trading platforms out there.Īmong the many reasons is the fact that it is free to use and easy to understand.
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