OPEN-SOURCE SCRIPT
Take Profit X
Take Profit X
Take Profit X solves the #1 problem in trading: knowing when to exit. Instead of guessing or using single indicators, it aggregates 8 technical signals to identify high-probability exit points through multi-confirmation consensus. This eliminates premature exits and emotional decision-making.
The indicator counts confirmations from your chosen technical tools:
Green dot = Multiple signals say "take profit on longs/exit shorts"
Red dot = Multiple signals say "take profit on shorts/exit longs"
Signals appear when you reach the minimum confirmations threshold you set.
Possible Settings:
Conservative (Swing Trading)
pine
Minimum Confirmations: 4
Use: RSI, MACD, CCI, Supertrend, Price Action
Disable: Stochastic, Bollinger Bands, EMA Cross
Look Back Bars: 10
Aggressive (Day Trading)
pine
Minimum Confirmations: 2
Use: All indicators ON
Look Back Bars: 3-5
RSI OB/OS: 75/25
Balanced (Most Markets)
pine
Minimum Confirmations: 3
Use: RSI, MACD, CCI, Supertrend
Price Action: ON
Look Back Bars: 5-7
Take Profit X solves the #1 problem in trading: knowing when to exit. Instead of guessing or using single indicators, it aggregates 8 technical signals to identify high-probability exit points through multi-confirmation consensus. This eliminates premature exits and emotional decision-making.
The indicator counts confirmations from your chosen technical tools:
Green dot = Multiple signals say "take profit on longs/exit shorts"
Red dot = Multiple signals say "take profit on shorts/exit longs"
Signals appear when you reach the minimum confirmations threshold you set.
Possible Settings:
Conservative (Swing Trading)
pine
Minimum Confirmations: 4
Use: RSI, MACD, CCI, Supertrend, Price Action
Disable: Stochastic, Bollinger Bands, EMA Cross
Look Back Bars: 10
Aggressive (Day Trading)
pine
Minimum Confirmations: 2
Use: All indicators ON
Look Back Bars: 3-5
RSI OB/OS: 75/25
Balanced (Most Markets)
pine
Minimum Confirmations: 3
Use: RSI, MACD, CCI, Supertrend
Price Action: ON
Look Back Bars: 5-7
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.