OPEN-SOURCE SCRIPT
Auto Multi-TP RR Tool Pro
This professional trade-planning script allows you to instantly visualize a complete trade setup with five scaling targets based on your desired Risk-to-Reward (RR) ratio.
Key Features
How to Use
Enter your Entry Price and Stop Loss.
Set your Total RR (e.g., 5 for a 1:5 setup).
The script automatically draws your path to profit.
Key Features
- Instant Multi-TPs: Automatically calculates 5 Take Profit levels at equal intervals based on your total RR input (e.g., a 1:5 ratio creates 1R through 5R targets).
- Clean Visuals: Plots clear lines and labels for Entry, Stop Loss, and TPs on the right side of the chart to avoid cluttering your price action.
- Dual Mode: Quick dropdown toggle for Long or Short positions.
- Precise Calculations: Designed for high-precision assets, providing exact price levels for scaling out of positions.
How to Use
Enter your Entry Price and Stop Loss.
Set your Total RR (e.g., 5 for a 1:5 setup).
The script automatically draws your path to profit.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.