Renko Chart on Metatrader 4
This is how Renko Chart on Metatrader 4 looks like. These offline charts are created by 3rd party applications and are usually called Renko charts or Range Bar charts. In the offline GBPUSD 2 minute chart below you can see 10 pip price candles (bars). The new candle is formed only when price moves 10 pips (or other number configured), so these charts are drawn based on the price only, not on the time.
We can build Expert Advisors that works on an offline charts. Note that 3rd party application to build offline charts are not included.
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