Description
Dynamic Swing Levels Reader - the companion to Flex Renko Inverse
Flex Renko charts are excellent for spotting where the market really turned. Most traders, though, still execute on regular timeframe charts: M1, M5, H1. Dynamic Swing Levels Reader connects the two. It takes the swing zones from a Flex Renko Inverse chart and draws them, live, on any timeframe chart of the same symbol.
What "Requires Flex Renko Inverse" means
This indicator does not calculate anything by itself. It is a reader. The zones are created by Flex Renko Inverse, our main study, which builds renko bricks tick by tick and marks every confirmed reversal as a swing zone. Zones that price has not yet come back to are shared, and the Reader displays exactly those.
Without Flex Renko Inverse running on one of your charts, the Reader has nothing to show. That is why it is free: it extends the main study, it does not replace it.
How it works
- Open a Flex Renko Inverse chart and give it a name in "Instance name" (for example RENKO_CONTEXT)
- On any timeframe chart of the same symbol, add Dynamic Swing Levels Reader and type the same name in "Read swing levels from"
- That's it. The zones appear and stay in sync. When price reaches a zone it disappears from both charts, and new zones show up as soon as the renko chart creates them
Both charts must be open in cTrader on the same computer. If something is not connected (wrong name, different symbol, renko chart closed), the indicator tells you on the chart what is missing.
Why get Flex Renko Inverse
The swing zones are just one of its features. Flex Renko Inverse gives you:
- Renko bricks built from real ticks, never from aggregated bars, with separate settings for trend continuation and reversal. Closed bricks never repaint
- Swing zones with strength: the bigger the move that started from a turning point, the more visible its zone
- Leg labels with the size, number of bricks, duration and speed of every swing, plus an arrow when the current leg is moving faster than usual
- A rotation dashboard that shows, across 1, 5, 15 and 30 minutes, whether swings are getting wider or narrower and which side is in control
- Moving averages calculated on bricks, not on hidden candles
- The real time of every brick under your cursor
Use a slower renko as your context, share its zones, and trade them on the timeframe you are used to.
👉 Get Flex Renko Inverse: https://ctrader.com/products/5546
Résumé
To use it, a Flex Renko Inverse chart must be open and named; the Dynamic Swing Levels Reader then references this name to display the corresponding swing zones. Zones disappear once price revisits them, and new zones appear as the Renko chart updates. Both charts must be open simultaneously on the same computer.
Flex Renko Inverse offers advanced features including real-tick Renko bricks with separate trend and reversal settings, swing zones weighted by move strength, detailed leg metrics (size, duration, speed), a multi-timeframe rotation dashboard, and moving averages calculated on bricks. This setup enables traders to use slower Renko charts for market context while executing trades on their usual timeframe charts.
