Quantum ChronoRenko Dynamics Edge - Traditional

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### **Quantum ChronoRenko Dynamics Edge - Traditional**

**Description:**

The **Quantum ChronoRenko Dynamics Edge - Traditional** is an advanced Renko-based indicator designed for precision trading. It leverages the power of Renko charts to detect price movements, highlight critical trading signals, and dynamically track profit and risk levels. This indicator is built with modern trading strategies in mind, offering robust tools for all traders, from beginners to professionals.

**Key Features:**
1. **Renko-Based Signal Generation**:
- Detects **Buy Signals** when the price closes above the Renko high level.
- Detects **Sell Signals** when the price closes below the Renko low level.
- Ensures signals are non-repainting and confirmed on bar closures.

2. **Take Profit (TP) and Stop Loss (SL) Tracking**:
- Automatically calculates and plots TP and SL levels for every signal.
- Dynamic levels are displayed directly on the chart for better decision-making.

3. **Advanced Signal Management**:
- Prevents duplicate signals within the same Renko range.
- Resets signal conditions when a new Renko range is formed.

4. **Visual Enhancements**:
- Renko high and low levels are plotted with customizable colors and styles.
- TP and SL levels are marked with distinct cross shapes for clarity.
- Optional fill between Renko levels to highlight price ranges.

5. **Real-Time Alerts**:
- Generates alerts for Buy and Sell signals when a candle closes above or below the Renko levels.
- Alerts are designed to help traders react quickly to opportunities.

6. **Comprehensive Statistics**:
- Tracks the number of Buy/Sell signals.
- Calculates the number of TP and SL hits for each signal type.
- Displays detailed percentages and totals in an easy-to-read table.

**Key Benefits**:
- **Non-Repainting Logic**: Ensures stable and reliable signals based on confirmed price movements.
- **Customizability**: Flexible settings for Renko brick size, TP/SL values, and visual enhancements.
- **Professional-Level Insights**: Provides detailed statistics for tracking strategy performance.

**Use Cases**:
- Perfect for intraday and swing traders who rely on Renko charts for clear trend signals.
- Suitable for identifying key breakout opportunities and managing trades with precise TP/SL levels.

Example Usage:
For daily scalping, set the following parameters:
Brick Size: 3
Time Frame: 10 Minutes
This setup provides clean trend signals and dynamic TP/SL tracking for short-term trades.

**Why "Traditional"?**
This version uses the **Traditional Renko method**, ensuring consistent price-based calculations that align with professional trading strategies.

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**Disclaimer**:
This indicator is a tool to aid trading decisions but does not guarantee profits. Always use proper risk management.

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