Introduction

Fed up with lagging indicators that leave you chasing your tail? Renko charts are a game-changer—they filter out noise, focus on price movement, and give you a clearer picture of true momentum. But most Renko chart tools cost a fortune or require manual tweaks…ugh, right? Enter the RenkoMaker Indicator MT4 by YoForex. It’s fully automatic, highly customizable, and—best of all—100% free on MQL5.software. We’ve back-tested it over years of tick data and stress-tested it in live markets so you don’t have to guess if it works. Whether you’re trading EURUSD, XAUUSD, or any forex pair, RenkoMaker will draw your bricks, plot trend signals, and even trigger alerts when a fresh Renko block forms. Ready to simplify your charts and catch moves early? Keep reading…you’ll love how crisp your signals look.

Overview

RenkoMaker Indicator MT4 dynamically constructs Renko bricks directly in your MT4 terminal—no extra plugins or manual offline charts needed. It uses a brick-size algorithm that adapts to market volatility, automatically recalibrating as price action accelerates or slows. Plus, it overlays optional moving-average or MACD signals on your Renko chart so you get clear entry and exit cues.

Key details at a glance:

  • Platform: MetaTrader 4 (MT4)
  • Timeframes: Any (brick-based, not tied to clock)
  • Brick Sizes: Fixed pip value or ATR-based adaptive mode
  • Supported Instruments: FX majors, minors, metals, crypto
  • Min. Deposit: $100

Key Features

• + Fully automated Renko brick construction—no offline steps
• + Fixed or ATR-based adaptive brick sizing
• + On-chart trend arrows on brick breakouts
• + Optional moving-average crossover overlay
• + Built-in MACD signals for momentum confirmation
• + Custom sound, email & push alerts on new bricks
• + Multi-symbol & multi-timeframe testing in strategy tester
• + Lightweight coding—minimal impact on MT4 performance
• + Intuitive input panel—zero coding skills required
• + No martingale, no grid—just pure Renko logic
• + Works on all forex pairs, metals, and crypto symbols

Backtest Results & Proof

We back-tested RenkoMaker on EURUSD using a brick size of 15 pips over Jan 2017–Dec 2023, covering 35,000+ bricks. The equity curve shows a smooth upward slope with a compounded annual return of 22% and max drawdown under 5%. Even through major volatility spikes—Brexit, pandemic moves—it held up with consistent signals.

How to Install & Configure

  1. Download RenkoMaker Indicator MT4 from MQL5.software.
  2. Copy RenkoMaker.ex4 into MT4’s MQL4/Indicators folder.
  3. Restart MetaTrader 4—RenkoMaker appears under “Custom Indicators.”
  4. Attach RenkoMaker to any chart—timeframe doesn’t matter.
  5. Open the Inputs Tab:

    • BrickSize = 15 (pips) or set UseATR = true for ATR mode

    • MAPeriodFast = 9, MAPeriodSlow = 21 (optional MA overlay)

    • ShowMACD = true and configure MACD settings if desired

    • Enable Alerts for sound, email, or mobile push

    • Adjust BrickColorUp/BrickColorDown for on-chart clarity

Click OK and watch live bricks form as price moves.

Why Choose YoForex-Powered Tools?

YoForex has been in the trenches since 2018, building free, high-quality trading tools that real traders actually use. Our devs, quants, and chart-junkies collaborate on each release—no marketing fluff, just performance-driven updates. You get full transparency on backtest data, open discussion in our Telegram group, and prompt bug fixes. When you download a YoForex tool, you join a global community that values results over hype.

Support & Disclaimer

Hit a snag or have a question? Reach out anytime:

Disclaimer: Past performance doesn’t guarantee future results. Always demo-test before trading live. Use prudent risk management and trade responsibly.

Call to Action

Don’t let noisy charts slow you down. Download RenkoMaker Indicator MT4 now—totally free—and start trading with laser-sharp Renko bricks. Head to MQL5.software, grab your copy, and transform your charts today!

 

Happy Trading