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Buy/Sell/TP/SL/TSL Alerts Module

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This tool is not a self-sufficient indicator, just an attachable module that allows you to enhance a specific indicator with risk management components without having a headache.

What you need to do, and actually this is the most important step, is to rewrite your indicator to a buy-sell signal form which will output only -1, 0, 1 values and then connect it to the module.

After that the module gives you a lot of possibilities to customize Take Profit, Stop Loss and Trailing Stop Loss levels through the settings window and to set all the alerts you need up.

Simple Buy/Sell setup for the RSI:
snapshot

Now I am adding Stop Loss:
snapshot

and Take Profit:
snapshot

and finally Trailing Stop Loss:
snapshot

Okay, I have shown how it works with RSI signals. Here is example for the MACD:
snapshot

and example for the WaveTrend Oscillator:
snapshot

If you have any questions don't hesitate to ask and contact me either via private messages on TradingView or via Telegram

Release Notes
  • Update
Release Notes
  • Update
Release Notes
  • Updated the settings window
  • Added new type for brackets: ATR
  • Added new type for brackets: Points
  • Added new type for brackets: Pips
  • Added label with current trade state
Release Notes
  • Added a special option to exit at TP/SL/TSL only
  • Minor optimizations
Release Notes
  • Bug fix

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.