What it shows

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- Current Renko direction: UP or DOWN

- Number of consecutive confirmed bricks in the current run

- Fixed brick size

- Last confirmed Renko close

- Price level where the opposite Renko brick becomes confirmed

- Current market distance to that reversal level, measured in bricks

How it works

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The indicator builds a small classic Renko model directly from the symbol's tick history.

Continuation rule:

A new brick in the current direction is confirmed after price moves one full brick beyond the last Renko close.

Reversal rule:

A reversal is confirmed only after price moves two full brick sizes against the current direction.

For an UP run:

    reversal = last Renko close - 2 × brick size

For a DOWN run:

    reversal = last Renko close + 2 × brick size

The dashed horizontal line marks that level.

Why this indicator exists

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A common Renko mistake is to treat every counter-move as a reversal. In classic Renko that is not true. Price must reach the two-brick reversal threshold before the opposite brick is confirmed.

This indicator is intentionally small. It does not generate BUY/SELL signals and does not try to predict the next brick. It only shows the current Renko context.

Inputs

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InpBrickPoints       Brick size in symbol points.

InpHistoryTicks      Number of recent ticks used to initialize the Renko sequence.

InpShowReversalLine  Show/hide the reversal level on the chart.

InpX / InpY          Panel position from the upper-right chart corner.

Color inputs         Display colors only.

Notes

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- The source is self-contained: no external .mqh libraries are required.

- The sequence is built from Bid ticks when Bid is available; Last is used as fallback.

- Tick history availability depends on the broker/server and local MT5 history.

- This is an educational/context indicator, not a trading system.

Suggested screenshot

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Use a clean XAUUSD chart with a 100- or 500-point brick size. Keep the panel visible in the upper-right corner and the dashed reversal level clearly visible on price.

Suggested CodeBase category

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Indicators / Examples / Renko