MetaTrader 4 comes bundled with a reasonably solid selection of trading indicators. Unfortunately, the Renko Indicator is one of the tools missing from the standard package. If you are aiming to utilizing the Renko indicator in MetaTrader 4, you’re going to need to delve into the world of custom indicators. Custom indicators are those that have been created by users coding with the MQL4 programming language.
The vast spectrum of indicators opened up by the possibility of users coding their own tools is one of the great strengths of MT4. Needless to say, the quality of these indicators can vary greatly, depending on where you obtain them. What is the best way for you to locate good-quality Renko charts for MetaTrader 4 to download in 2020? Well, the best Renko indicator for MT4 will be the one that comes from a highly-trusted source.
This is why you should consider downloading the MetaTrader Supreme Edition plugin for MetaTrader 4 and MetaTrader 5. MTSE is a custom plugin that has been carefully developed by a team of industry professionals on behalf of Admiral Markets. Not only does it include an extended selection of indicators, but it also boasts additional features, such as the ‘Trading Simulator’, a bespoke ‘Trade Terminal’, and a live news feed.
Pertinently, the indicator package includes the Admiral Renko indicator. The image below shows how the Admiral Renko Indicator appears in MT4 once you have installed MetaTrader Supreme Edition:
Renko Scalper 