TSH RENKO INDICATOR SUITE 2 FOR MT5

12 Additional Professional Indicators Built for Renko Chart Trading

Take your Renko analysis further with the TSH Renko Indicator Suite 2 for MetaTrader 5.

Suite 2 expands the TSH Renko toolkit with 12 additional indicators covering volatility, momentum, trend strength, directional movement, breakouts and market structure.

Like Suite 1, these indicators are designed and configured specifically for use on Renko charts inside MT5.

Rather than relying only on generic time-based chart tools, Suite 2 gives Renko traders access to a broader professional toolkit for analysing:

• trend;
• momentum;
• volatility;
• overbought and oversold conditions;
• directional strength;
• buying and selling pressure;
• breakouts;
• support and resistance;
• consolidation;
• market structure.

The suite can be used with TSH Pro Renko Charts for MT5 or another compatible Renko charting solution running inside MetaTrader 5.

What Is Included?

Your download contains 12 compiled MT5 indicators.

1. TSH Renko ATR

Measures market volatility using Average True Range adapted for Renko analysis.

Use it to assess:

• changing volatility;
• expansion and contraction;
• dynamic stop distances;
• changing market activity;
• volatility-based filters.

ATR can also be useful when comparing different Renko block sizes and market conditions.

2. TSH Renko MACD

A Renko-focused MACD for analysing trend, momentum and changes in directional strength.

Includes:

• MACD main line;
• signal line;
• histogram;
• configurable fast period;
• configurable slow period;
• configurable signal period.

Use it to identify:

• MACD and signal-line crossovers;
• momentum shifts;
• trend continuation;
• potential reversals;
• changes in directional strength.

3. TSH Renko Parabolic SAR

A Renko-compatible version of the Parabolic Stop and Reverse indicator.

Use it to assess:

• trend direction;
• trailing support and resistance;
• potential reversal points;
• stop-management levels;
• trend continuation.

The acceleration and maximum settings are fully configurable.

4. TSH Renko CCI

The Commodity Channel Index adapted for Renko chart analysis.

Use it to assess:

• momentum;
• overbought and oversold conditions;
• momentum extremes;
• trend strength;
• potential mean-reversion opportunities.

The indicator period is fully configurable.

5. TSH Renko Momentum

Measures the speed and strength of price movement across completed Renko blocks.

Use it to identify:

• accelerating markets;
• weakening momentum;
• trend continuation;
• momentum divergence;
• changes in directional strength.

The momentum period can be adjusted to suit different Renko structures.

6. TSH Renko Chaikin Oscillator

A Renko-focused Chaikin Oscillator designed to analyse buying and selling pressure.

Use it to assess:

• accumulation and distribution;
• changes in money flow;
• strengthening or weakening participation;
• momentum confirmation;
• divergence.

Fast and slow settings are configurable.

7. TSH Renko Awesome Oscillator

A momentum oscillator designed to show changes in short- and longer-term market momentum.

Use it to assess:

• trend strength;
• momentum shifts;
• bullish and bearish momentum;
• acceleration and deceleration;
• potential reversal conditions.

It provides a clear visual representation of momentum changes across the Renko structure.

8. TSH Renko Relative Vigor Index

The Relative Vigor Index compares directional movement and market strength.

Includes:

• RVI main line;
• signal line;
• configurable period.

Use it to assess:

• trend direction;
• momentum confirmation;
• crossover signals;
• weakening trends;
• potential reversals.

9. TSH Renko DMI / ADX

A Directional Movement system for measuring both trend strength and directional bias.

Includes:

• ADX;
• +DI;
• -DI;
• configurable period.

Use it to assess:

• trend strength;
• bullish directional movement;
• bearish directional movement;
• +DI / -DI crossovers;
• trend confirmation;
• weakening market conditions.

10. TSH Renko Bollinger Bands

Standard Bollinger Bands adapted for Renko chart analysis.

Unlike the Offset Bollinger Bands supplied in Suite 1, this version provides a straightforward standard Bollinger Band structure.

Use them to assess:

• volatility expansion and contraction;
• dynamic support and resistance;
• mean reversion;
• breakouts;
• price interaction with the upper, middle and lower bands.

Inputs including period, deviation and price source are configurable.

11. TSH Renko Donchian Channel

A standard Donchian Channel for Renko charts.

Unlike the Offset Donchian Channel supplied in Suite 1, this version provides a conventional channel based on recent highs and lows.

Use it to identify:

• breakout levels;
• recent highs and lows;
• trend-following opportunities;
• support and resistance;
• consolidation;
• range expansion.

The lookback period is configurable.

12. TSH Renko Darvas Box with Offset

Automatically identifies potential consolidation, support, resistance and breakout zones.

Suite 2 adds a configurable Offset function to the Darvas structure.

Use it to assess:

• trading ranges;
• consolidation;
• support and resistance;
• breakout levels;
• trend continuation;
• compression before expansion.

The box length and offset settings are both configurable.

Why Use Renko-Specific Indicators?

Renko charts are built from price movement rather than fixed time intervals.

This changes how indicators behave.

Renko blocks are only created after sufficient price movement occurs, which means:

• the time between blocks is variable;
• market noise is filtered;
• price structure becomes more prominent;
• momentum calculations behave differently;
• indicators react to completed Renko blocks rather than normal time-based candles.

The TSH Renko Indicator Suite 2 is designed to provide a coherent professional toolkit for analysing this type of market structure.

A Complete Renko Analysis Toolkit

Suite 2 expands the TSH Renko range across four major areas.

Trend and Direction

• MACD
• Parabolic SAR
• DMI / ADX
• Donchian Channel
• Darvas Box

Momentum

• CCI
• Momentum
• Awesome Oscillator
• Relative Vigor Index
• MACD

Volatility

• ATR
• Bollinger Bands
• Donchian Channel

Structure and Breakouts

• Bollinger Bands
• Donchian Channel
• Darvas Box
• Parabolic SAR

Used alongside Suite 1, traders gain access to a much broader Renko analysis environment covering trend, volatility, momentum, value, structure, breakout and session-based analysis.

Designed for MetaTrader 5

The suite is built for MetaTrader 5 desktop.

It can be used with compatible MT5 platforms supplied by different brokers.

It is not restricted to IG or any other single broker.

Available:

• markets;
• symbols;
• price feeds;
• decimal places;
• trading hours;
• historical data

will vary between brokers.

This product is not compatible with:

• MetaTrader 4;
• TradingView;
• NinjaTrader;
• browser-only platforms;
• mobile-only MT5 installations.

Use with TSH Pro Renko Charts

The suite is designed to complement:

TSH Pro Renko Charts for MetaTrader 5

TSH Pro Renko Charts creates and controls the Renko chart.

The Indicator Suite then provides the technical-analysis tools used to study that chart.

The products can be purchased individually.

For the wider TSH Renko workflow, the range also includes:

• TSH Renko Indicator Suite 1;
• TSH Pro Renko Charts;
• TSH Renko Block Size Calculator;
• TSH Renko EA Builder.

Together they provide a complete Renko charting, analysis, strategy-development and automation ecosystem.

How to Install

After purchasing, Payhip will provide a ZIP file containing the indicators and installation guide.

Step 1 — Download the ZIP File

Save the download somewhere easy to find, such as your Downloads folder.

Step 2 — Extract the ZIP File

Do not try to install the indicators directly from inside the ZIP file.

On Windows:

1. Right-click the ZIP file.
2. Select Extract All.
3. Choose a destination folder.
4. Press Extract.

Step 3 — Open the MT5 Data Folder

Inside MetaTrader 5:

1. Select File.
2. Select Open Data Folder.
3. Open:
4. MQL5
5. Open:
6. Indicators
7. Create or open:
8. TSH

Copy the supplied compiled .ex5 files into this folder.

Step 4 — Refresh MT5

Return to MetaTrader 5.

In the Navigator:

1. Expand Indicators.
2. Right-click and select Refresh.
3. Expand the TSH folder.
4. Drag the required indicator onto your Renko chart.

Restart MT5 if the new indicators do not appear immediately.

No programming knowledge is required.

The .mq5 source code is not included.

Fully Configurable

Each indicator includes its own configurable inputs.

Depending on the indicator, these can include:

• periods;
• smoothing;
• fast and slow lengths;
• signal periods;
• acceleration;
• deviation;
• price source;
• lookback length;
• offset;
• directional settings.

This allows traders to adapt each tool to their own:

• market;
• Renko block size;
• trading style;
• timeframe source;
• strategy.

Who Is This For?

The TSH Renko Indicator Suite 2 is designed for traders who:

• use Renko charts in MetaTrader 5;
• want more than basic trend indicators;
• want additional momentum and volatility tools;
• analyse breakouts and market structure;
• use systematic or rules-based trading methods;
• want configurable indicators for strategy development;
• want a professional Renko toolkit without sourcing unrelated third-party downloads;
• already use Suite 1 and want to expand their Renko analysis environment.

What You Receive

Your download includes:

• 12 compiled MetaTrader 5 indicators;
• correct MT5 folder structure;
• installation and user guide;
• complete indicator file list;
• guidance on installing and using the indicators.

The source code is not included.

Important Information

The indicators are analysis tools only.

They do not:

• place trades automatically;
• guarantee profitable signals;
• provide financial advice;
• replace risk management;
• determine whether a trade should be taken.

Indicator behaviour can vary according to:

• Renko block size;
• reversal settings;
• broker price feed;
• available chart history;
• market conditions;
• indicator parameters.

The currently developing Renko block may change before completion.

Signals based on an unfinished block should therefore be treated differently from signals based on a confirmed block.

Trading leveraged products involves substantial risk and may not be suitable for everyone.

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