Renko Price Tracker

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Renko Sequential Signal – qLine + Moneyball Confirmation
This indicator is designed for Renko chart traders who want to combine price action relative to a key line (qLine) with Moneyball buy/sell signals as a confirmation. It helps filter trades so you only get signals when both conditions align within a chosen time window.

How It Works
First Event – Price Trigger

Detects when the Renko close crosses above/below your selected qLine plot from the qPro indicator.

You can choose between:

Cross – only triggers on an actual crossover/crossunder.

State (Close) – triggers whenever price closes above/below qLine.

Second Event – Moneyball Confirmation

Waits for Moneyball’s Buy Signal (for long) or Bear/Sell Signal (for short) plot to fire.

You select the exact Moneyball plot from the source menu.

You can specify how the Moneyball signal is interpreted (== 1, >= 1, or any nonzero value).

Sequential Logic

The Moneyball signal must occur within N Renko bricks after the price event.

The final buy/sell signal is printed on the Moneyball bar.

Key Features
Works natively on Renko charts.

Adjustable confirmation window (0–5 bricks).

Flexible detection for both qLine and Moneyball signals.

Customizable label sizes, arrow display, and alerts.

Alerts fire for both buy and sell conditions:

BUY: qLine ➜ Moneyball Buy

SELL: qLine ➜ Moneyball Sell

Inputs
qLine Source – Pick the qPro qLine plot.

Price Event Type – Cross or State.

Moneyball Buy/Sell Signal Plots – Select the correct plots from your Moneyball indicator.

Confirmation Window – Bars allowed between events.

Visual Settings – Label size, arrow visibility, etc.

Use Case
Ideal for traders who:

Want a double-confirmation entry system.

Use Renko charts for cleaner trend detection.

Already have qPro and Moneyball loaded, but want an automated, rule-based confluence check.

11 thg 8

Phát hành các Ghi chú

This indicator is designed for Renko chart traders who want to combine price action relative to a key line (qLine) with Moneyball buy/sell signals as a confirmation. It helps filter trades so you only get signals when both conditions align within a chosen time window.

How It Works
First Event – Price Trigger

Detects when the Renko close crosses above/below your selected qLine plot from the qPro indicator.

You can choose between:

Cross – only triggers on an actual crossover/crossunder.

State (Close) – triggers whenever price closes above/below qLine.

Second Event – Moneyball Confirmation

Waits for Moneyball’s Buy Signal (for long) or Bear/Sell Signal (for short) plot to fire.

You select the exact Moneyball plot from the source menu.

You can specify how the Moneyball signal is interpreted (== 1, >= 1, or any nonzero value).

Sequential Logic

The Moneyball signal must occur within N Renko bricks after the price event.

The final buy/sell signal is printed on the Moneyball bar.

Key Features
Works natively on Renko charts.

Adjustable confirmation window (0–5 bricks).

Flexible detection for both qLine and Moneyball signals.

Customizable label sizes, arrow display, and alerts.

Alerts fire for both buy and sell conditions:

BUY: qLine ➜ Moneyball Buy

SELL: qLine ➜ Moneyball Sell

Inputs
qLine Source – Pick the qPro qLine plot.

Price Event Type – Cross or State.

Moneyball Buy/Sell Signal Plots – Select the correct plots from your Moneyball indicator.

Confirmation Window – Bars allowed between events.

Visual Settings – Label size, arrow visibility, etc.

Use Case
Ideal for traders who:

Want a double-confirmation entry system.

Use Renko charts for cleaner trend detection.

Already have qPro and Moneyball loaded, but want an automated, rule-based confluence check.