[S1B] Leverage Take-Profit-Lines

Short Description:

The Leverage Take-Profit-Lines indicator assists traders in setting take-profit and stop-loss levels based on leverage, entry price, and risk percentage. It draws horizontal lines representing various take-profit levels and the stop-loss level on the chart, aiding traders in visually identifying potential exit points and managing risk.

Detailed Description:

The Leverage Take-Profit-Lines indicator is designed to provide traders with a visual representation of take-profit and stop-loss levels tailored to their leverage, entry price, and risk preferences.

Key Features:

  • Customizable Parameters: Traders can adjust parameters such as leverage, entry price, risk percentage, and whether to extend lines to suit their trading strategy.
  • Take-Profit Levels: The indicator calculates and draws horizontal lines representing different take-profit levels based on the specified percentage of leverage-adjusted entry price.
  • Stop-Loss Level: It calculates and displays the stop-loss level based on the specified risk percentage and leverage, helping traders manage risk effectively.
  • Visual Representation: The indicator visually highlights take-profit and stop-loss levels on the chart, facilitating quick decision-making for traders.

Usage Guide:
Setting Parameters: Adjust the input parameters including leverage, entry price, risk percentage, and other settings according to your trading strategy.

Interpreting Lines: Horizontal lines are drawn on the chart representing take-profit levels (TP1, TP2, TP3, TP4) and the stop-loss level. These lines indicate potential exit points and risk management levels.
As an example the TP1 can be used to sell 10% of position size, TP2 20%, TP3 20% and TP4 20-40%.

The Leverage Take-Profit-Lines indicator empowers traders with valuable insights into setting profit targets and managing risk effectively, contributing to more informed trading decisions.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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