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Realtime ATR-Based Stop Loss Numerical OverlayRealtime ATR-Based Stop Loss Numerical Overlay A simple, effective tool for dynamic risk management based on ATR (Average True Range) without adding cluttered and distracting lines all over your chart. 📌 Description This script plots a real-time stop loss level using the Average True Range (ATR) on your chart, helping you set consistent, volatility-based stops. It supports both: ✅ Current chart timeframe ✅ Custom fixed timeframe inputs (1m, 5m, 15m, 1h, etc.) The stop level is calculated as: Stop = ATR × Multiplier and updates in real-time. An overlay table displays on the bottom-right of your chart with the calculated stop value in a clean, simple way. ⚙️ Settings ATR Timeframe Source: Choose between using the current chart's timeframe or a fixed one (e.g. 5, 15, 60, D, etc). ATR Length: Period used to calculate the ATR (default is 14). Stop Loss Multiplier: Multiplies the ATR value to define your stop (e.g., 1.5 × ATR). Wait for Timeframe Closes: If enabled, the ATR value waits for the selected timeframe’s candle to close before updating. If unselected, it will update in real time. 🛠️ How to Use Add this script to your chart from your indicators list. Configure your desired timeframe, ATR length, and multiplier in the settings panel. Use the value shown in the table overlay as your suggested stop loss distance from entry. Adjust your position sizing accordingly to fit your risk tolerance. This tool is especially useful for traders looking for adaptive risk management that evolves with market volatility — whether scalping intraday or swing trading. 💡 Pro Tip The ATR stop can also be used to dynamically trail your stop behind price movement.
Pine Script® indicator
by HyprZero
Risk ModuleRisk Module This indicator provides a visual reference to determine position sizing and approximate stop placement. It is designed to support trade planning by calculating equalized risk per trade based on a stop distance derived from volatility. The tool offers supportive reference points that allow for quick evaluation of risk and position size consistency across varying markets. Equalized Risk Per Trade The indicator calculates the number of shares that can be traded to maintain consistent monetary risk. The formula is based on the distance between the current price and the visual stop reference, adjusting the position size proportionally. Position Size = Dollar Risk / (Entry Price – Stop Price) The risk is calculated as a percentage of account size; both of which can be set in the indicator’s settings tab. This creates a consistent risk exposure across trades regardless of volatility or structural stop distance. Stop Placement Reference The visual stop reference is derived from the Average True Range (ATR), providing a volatility-based anchor. The default value is set to 2 × ATR, but this can be customized. Price Model: Uses the current price ± ATR × multiplier. This model reacts to price movement and is set as the default option. EMA Model: Uses the 20-period EMA ± ATR × multiplier. This model is less reactive and can be an option when used in combination with an envelope indicator. Chart Elements Stop Levels: Plotted above and below either the current price or EMA, depending on the selected model. These serve as visual reference points for stop placement; the lower level a sell stop for long trades, the upper level a buy stop for short trades. Information Table: Displays the number of shares to trade, stop level and percentage risk. A compact mode is available to reduce the table to essential information (H/L and Shares). Settings Overview Stop Model: Choose between “Price” or “EMA” stop calculation logic. ATR Multiplier: Change the distance between price/EMA and the stop reference. Account Size / Risk %: These risk parameters are used to calculate dollar risk per trade. Visible Bars: Number of recent bars to show stop markers on. Compact Mode: Minimal table view for reduced chart footprint. Table Position / Size: Controls table placement and scale on the chart.
Pine Script® indicator
by StockLeave
Position Size CalculatorPosition Size Calculator - User Guide A simple tool to calculate optimal position size based on your risk preferences, visualize trade levels, and automatically determine trade direction. Introduction The Position Size Calculator is a TradingView indicator designed to help traders calculate the optimal position size for their trades based on account size and risk tolerance. This tool visually represents entry, stop loss, and take profit levels while automatically calculating the appropriate position size to maintain consistent risk management. Getting Started Setting Up Your Account Parameters Setting Price Levels Understanding the Visual Elements Adjusting Your Trade on the Chart Reading the Information Panel 1. Getting Started After adding the indicator to your chart, you'll see three horizontal lines representing: Yellow line: Entry price Green line: Take profit price Red line: Stop loss price The indicator automatically detects whether you're planning a Long or Short trade based on the position of your take profit relative to your entry. 2. Setting Up Your Account Parameters In the "Position Calculator" settings group: Account Size : Enter your total account balance Account Currency : Set your account currency (USD, EUR, etc.) Risk (%) : Enter the percentage of your account you're willing to risk per trade (e.g., 2%) Instrument Type : Select your trading instrument (Forex, Futures, Stocks, or Crypto) Value per 0.01 lot per tick : Enter the value of 0.01 lots per tick (for most Forex pairs, this is $1 per pip for 0.01 lot) Minimum Lot Size : Set the minimum lot size allowed by your broker (usually 0.01 for Forex) 3. Setting Price Levels In the "Price Levels" section: Entry Price : The price at which you plan to enter the trade Stop Loss Price : Where you'll exit if the trade goes against you Take Profit Price : Your target price where you'll take profits If you set Entry Price to 0, it will default to the current price. If Stop Loss or Take Profit are set to 0, they'll default to 5% below or above entry price respectively. 4. Understanding the Visual Elements Yellow line : Your entry price Green line : Your take profit level Red line : Your stop loss level Green zone : The profit zone (between entry and take profit) Red zone : The loss zone (between entry and stop loss) Information panel : Shows all calculations and trade details 5. Adjusting Your Trade on the Chart The beauty of this tool is its interactivity: You can drag any of the lines directly on the chart to adjust entry, stop loss, or take profit If you drag the take profit above the entry , the indicator automatically sets up for a Long trade If you drag the take profit below the entry , it automatically configures for a Short trade All calculations and visuals update in real-time as you adjust the lines This means you can quickly test different scenarios and see how they affect your position size and potential profit/loss. 6. Reading the Information Panel The information panel displays: Account details : Your account size and currency Risk information : Your percentage risk and the equivalent monetary amount Position Size : The optimal lot size calculated based on your risk parameters Price levels : Entry, Stop Loss, and Take Profit with distances in ticks Risk/Reward ratio : Shown as 1:X (where X is the reward relative to 1 unit of risk) Potential outcomes : The exact amount you stand to gain or lose on this trade Trade direction : Whether this is a Long or Short trade Visual Settings You can customize the appearance in the "Visual" settings group: Adjust colors for profit and loss zones Change the transparency of colored zones Toggle the filling of spaces between lines Adjust how far the lines extend beyond the last candle Practical Tips Always double-check your "Value per 0.01 lot per tick" setting for the specific instrument you're trading For Forex major pairs, the standard is usually $1 per pip for 0.01 lots For other instruments, consult your broker's specifications The indicator works best when you place your stop loss at a logical market level (support/resistance, swing high/low) rather than a fixed percentage Final Thoughts This Position Size Calculator helps remove emotion from your trading by objectively calculating your position size based on your predefined risk parameters. It ensures that you maintain consistent risk across all your trades, regardless of the stop loss distance, which is a key component of successful risk management. Remember: The most important goal in trading is capital preservation. This tool helps you ensure that each trade risks only what you've decided is acceptable for your trading strategy.
Pine Script® indicator
by QuanticaTrading
Strong Trend Bars (ATR-based)This is a ChatGPT pinescript meant as an indicator for detecting strength in the market. The primary function I use it for is to decide which bars to trail a stop loss beneath. 💥 Explanation of adjustable inputs: Bull Close Threshold (default 0.6): If set to 0.6, bull bars must close above 60% of bar height → low + 0.6 * barHeight Bear Close Threshold (default 0.6): If set to 0.6, bear bars must close below 40% of bar height → high - 0.6 * barHeight This lets you experiment with tighter or looser filters. For example: 0.7 → only bars closing near the extremes will light up 0.5 → about midpoint 0.8 → very demanding, “almost full body” bars
Pine Script® indicator
by Skallerlion
Fibonacci + TP/SL Strategy [Backtest]✅ Key Features Added and Adjusted: Fibonacci Retracement Levels: Automatically calculated based on the last 100 bars' high/low Plotted levels: 0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100% Extension targets: 161.8%, 261.8%, 423.6% Buy/Sell Signal Logic: Buy: Price is between 78.6% and 38.2% levels Sell: Price is between 61.8% and 23.6% levels Both depend on a can_trade time filter to avoid overtrading ATR-based Stop-Loss: Stop-loss dynamically adapts to market volatility: SL = Entry - ATR * 1.5 (long) SL = Entry + ATR * 1.5 (short) Fixed Take-Profit: Configurable via input: default is 4% Can be changed in TradingView UI Golden/Death Cross Indicator (Visual Only): EMA 50 crossing EMA 200 plotted on chart: Golden Cross = Buy signal (green triangle) Death Cross = Sell signal (red triangle) Weekly Profit Cap: Prevents new trades if weekly profit exceeds 15% Resets at the start of every week Visual Elements: All Fibonacci levels are plotted Buy/Sell signals are labeled on the chart (BUY, SELL)
Pine Script® strategy
by Reanimate_
Target Trend [BigBeluga]The Target Trend indicator is a trend-following tool designed to assist traders in capturing directional moves while managing entry, stop loss, and profit targets visually on the chart. Using adaptive SMA bands as the core trend detection method, this indicator dynamically identifies shifts in trend direction and provides structured exit points through customizable target levels. SP500: 🔵 IDEA The Target Trend indicator’s concept is to simplify trade management by providing automated visual cues for entries, stops, and targets directly on the chart. When a trend change is detected, the indicator prints an up or down triangle to signal entry direction, plots three customizable target levels for potential exits, and calculates a stop-loss level below or above the entry point. The indicator continuously adapts as price moves, making it easier for traders to follow and manage trades in real time. When price crosses a target level, the label changes to a check mark, confirming that the target has been achieved. Similarly, if the stop-loss level is hit, the label changes to an "X," and the line becomes dashed, indicating that the stop loss has been activated. This feature provides traders with a clear visual trail of whether their targets or stop loss have been hit, allowing for easier trade tracking and exit strategy management. 🔵 KEY FEATURES & USAGE SMA Bands for Trend Detection: The indicator uses adaptive SMA bands to identify the trend direction. When price crosses above or below these bands, a new trend is detected, triggering entry signals. The entry point is marked on the chart with a triangle symbol, which updates with each new trend change. Automated Targets and Stop Loss Management: Upon a new trend signal, the indicator automatically plots three price targets and a stop loss level. These levels provide traders with structured exit points for potential gains and a clear risk limit. The stop loss is placed below or above the entry point, depending on the trend direction, to manage downside risk effectively. Visual Target and Stop Loss Validation: As price hits each target, the label beside the level updates to a check mark, indicating that the target has been reached. Similarly, if the stop loss is activated, the stop loss label changes to an "X," and the line becomes dashed. This feature visually confirms whether targets or stop losses are hit, simplifying trade management. The indicator also marks the entry price at each trend change with a label on the chart, allowing traders to quickly see their initial entry point relative to current price and target levels. 🔵 CUSTOMIZATION Trend Length: Set the lookback period for the trend-detection SMA bands to adjust the sensitivity to trend changes. Targets Setting: Customize the number and spacing of the targets to fit your trading style and market conditions. Visual Styles: Adjust the appearance of labels, lines, and symbols on the chart for a clearer view and personalized layout. 🔵 CONCLUSION The Target Trend indicator offers a streamlined approach to trend trading by integrating entry, target, and stop loss management into a single visual tool. With automatic tracking of target levels and stop loss hits, it helps traders stay focused on the current trend while keeping track of risk and reward with minimal effort.
Pine Script® indicator
by BigBeluga
69
Breakout Patterns Detector: Triangle & Wedge [Splirus]This indicator identifies Breakout Patterns such as Ascending Triangles , Descending Triangles , Symmetric Triangles , Ascending Wedges , and Descending Wedges , using candlestick charts and Trendlines. It provides visual cues, stop-loss (SL), and take-profit (TP) levels, alongside a detailed dashboard to evaluate performance. The indicator supports two alert modes: Manual Mode for trader notifications and Bot Mode for automated trading signals. To achieve optimal results, users are encouraged to experiment with indicator parameters and analyze the dashboard summary to find the perfect configuration for each timeframe, pair, and market condition. Pattern Identification The indicator detects the following breakout patterns based on pivot highs and lows: Ascending Triangle : Flat upper trendline, rising lower trendline. Descending Triangle : Flat lower trendline, declining upper trendline. Symmetric Triangle : Converging trendlines with similar slopes (within a user-defined threshold). Ascending Wedge : Both trendlines slope upward, converging. Descending Wedge : Both trendlines slope downward, converging. Patterns are identified using configurable left and right bars for small and big patterns, with slope thresholds normalized by ATR. A trend confirmation filter ensures breakouts align with market direction, and users can adjust breakout confirmation bars to validate signals. The goal is to fine-tune these settings to suit specific timeframes and pairs, as each combination may require a unique setup for optimal performance. Stop-Loss Calculation Stop-loss levels are calculated dynamically based on pattern type and breakout direction: Symmetric Triangle : SL is set at the first pivot of the opposite trendline, adjusted by a buffer percentage. Ascending/Descending Triangle : SL is placed at the breakout trendline’s price, plus the buffer. Ascending/Descending Wedge : SL is set at the second pivot of the opposite trendline, adjusted by the buffer. 
 The indicator calculates leverage based on a user-defined risk tolerance percentage. Users should adjust the SL buffer and risk tolerance to balance risk and reward, monitoring the dashboard to assess how these settings impact performance across different timeframes and pairs. Take-Profit Calculation Three take-profit levels ( TP1 , TP2 , TP3 ) are calculated using pattern height and user-defined multipliers: For Ascending/Descending Triangles, height is the difference between the max and min prices within the pattern. For Symmetric Triangles and Wedges, height is the vertical distance between trendlines at the pattern’s start. TP levels are set as: TP1 = Breakout price ± (Height × TP1 Multiplier). TP2 = Breakout price ± (Height × TP2 Multiplier). TP3 = Breakout price ± (Height × TP3 Multiplier, with a 1.5x adjustment for Wedges).
 Experiment with TP multipliers to optimize the risk-reward ratio, using the dashboard to evaluate TP hit rates and overall profitability for each configuration. Symmetric Triangle: Ascending/Descending Wedge: Ascending/Descending Triangles: Finding the Perfect Configuration The indicator’s dashboard provides a comprehensive summary of performance metrics, including total trades, TP1/TP2/TP3 hits, SL hits, profit/loss percentages, and win rates for bullish, bearish, and combined trades. These metrics are crucial for identifying the ideal parameter settings: Timeframe and Pair Variability : Each timeframe (e.g., 15m, 30min, 1H, 4H, Daily) and pair (e.g., BTC/USD, EUR/USD) behaves differently. Adjust parameters like left/right bars, minimum pattern length, and breakout confirmation bars to match the volatility and trend characteristics of the chosen pair and timeframe. Parameter Tuning : Modify slope thresholds, trend confirmation filters, and bars inside the pattern to filter out false breakouts. For example, a higher breakout confirmation bar setting may reduce signals but increase reliability on longer timeframes. Dashboard Analysis : Focus on the dashboard’s win rate, profit/loss ratio, and TP/SL hit frequencies. A “Perfect” win rate (>66%) or high TP hit rate indicates a strong configuration. If the SL hit rate is high, consider tightening the trend confirmation filter or increasing the SL buffer. Iterative Testing : Test different combinations of settings (e.g., small vs. big patterns, aggressive vs. conservative breakout confirmation) and compare dashboard results over time. The goal is to find a balance where the indicator consistently delivers high win rates and profitability for your specific trading setup. Alert Modes The indicator supports two alert modes to suit different trading styles: Manual Mode : Generates alerts for breakouts with entry price, SL, TP1/TP2/TP3, and leverage, tailored for Crypto or Forex markets. Use this mode to manually evaluate signals while refining configurations. Bot Mode : Sends automated trading signals. To avoid conflicts, Bot Mode ensures no short position alert is triggered while a long position is active, and vice versa. This mode is ideal once you’ve identified an optimal configuration via the dashboard. Additional Features Historical Patterns : Displays past trendlines with customizable transparency and extension, helping users analyze how patterns performed under different settings. Customizable Settings : Adjust pattern size, breakout confirmation, trend filters, and visual preferences (colors, dashboard location) to match your trading style. Market Compatibility : Supports Crypto and Forex markets across all timeframes, but requires careful tuning for each market type. Usage Notes Start with default settings and monitor the dashboard to establish a baseline performance for your chosen timeframe and pair. Gradually adjust one parameter at a time (e.g., left/right bars, TP multipliers) and compare dashboard results to identify improvements. Use historical pattern analysis to understand how past breakouts performed under different configurations, guiding your optimization process. Once a high win rate and profitability are achieved, consider automating trades with Bot Mode for consistent execution. Disclaimer This indicator is intended for educational purposes only and should not be considered financial advice. Trading involves significant risk, and past performance is not indicative of future results. Users are strongly advised to thoroughly test and validate the indicator’s signals in a demo environment before using it in live trading. The author is not responsible for any financial losses incurred while using this indicator. Always conduct your own research and consult with a qualified financial advisor before making trading decisions.
Pine Script® indicator
by splirus
7
ATR Stop-Loss & TargetsATR and Supertrend-based SL/TP & Trailing System This indicator combines Average True Range (ATR) and Supertrend logic to help traders define precise stop-loss, first target, and trailing stop-loss (TSL) levels. ⚙️ Key Features: 📏 ATR-based Stop-Loss & Target Lines: Uses ATR (default period: 5) based on the previous day's candle for more stable risk management. Traders can choose the price source: Close, Open, or enter a manual price. SL and first target are calculated using multipliers: Multiplier 1 = Stop Loss Multiplier 2 = First Target 📉 Supertrend for Trailing Stop: Built-in Supertrend logic for trailing stop-loss management. Uses ATR(10) with a multiplier of 2.1, based on HL2. Supertrend can be toggled ON/OFF from the settings.
Pine Script® indicator
by skk0048
2
PROFIT ZONE PRO Profit Zone Pro: ProfitZone Pro is a risk-reward indicator that helps traders identify trade setups, manage risk, and set profit targets. Designed for simplicity, this free tool generates entry, stop-loss, and take-profit levels based on support and resistance, Trailing Stoploss and built in automated alerts, with additional features to enhance trade planning, Along with a learning mode based on successful trades made Features Trade Setup Identification: Detects potential buy (long) or sell (short) entries using support and resistance levels, with an optional trend filter based on a 50-period SMA. Risk-Reward Zones: Displays entry (yellow), stop-loss (red), and take-profit (green) levels, with shaded risk (red) and reward (green) zones. Position Sizing: Calculates position size based on user-defined risk percentage and account balance. Breakeven and Trailing Stop: Includes a breakeven feature to move the stop-loss to the entry price at a user-defined percentage of the take-profit distance, and an optional trailing stop to lock in profits. Confidence Score: Provides a volatility-based confidence score (0-100%) to assess setup reliability. Learning Adjustment: Adjusts stop-loss distances based on the number of successful trades entered by the user. Info Label: Shows position size, risk, reward, direction, confidence score, ATR, trend direction (if enabled), and trailing stop status. Alerts: Sends notifications for entry, stop-loss, take-profit, breakeven, trailing stop, and theme changes. Customizable Display: Offers options for zone opacity, line styles (solid, circles, dotted), zone labels, and color themes (Light, Dark, Custom). Long Mode Feature: Short Mode Feature: Trend Filter Feature: Auto Trading Mode: Usage Instructions Add the indicator to your chart. Adjust settings in the indicator’s properties: Set Risk % of Account and Account Balance to define your risk and position size. Choose Trade Direction (Auto, Long, or Short) to filter setups. Enable Trend Filter to align trades with the market trend. Turn on Trailing Stop and set Trailing Stop % of Reward to lock in profits. Customize visuals (zone opacity, line style, colors) as needed. Monitor the chart for entry (yellow), stop-loss (red), and take-profit (green) levels. Use the info label to view position size, risk, reward, confidence score, and other details. Set alerts for entry, stop-loss, take-profit, breakeven, and trailing stop events. After a successful trade, increment Number of Successful Trades to adjust future stop-loss distances. This Script is to help you have a better idea on those famous questions we ask ourselves: Entry Take Profit Stoploss The confidence score, R:R calculator, Trend Filter, Learning Mode further helps to zone in on accuracy Happy Trading - EZ ALGO
Pine Script® indicator
by EZ_Algo
1
Crypto Strategy SUSDT 10 minThis strategy is designed to trade the **SUSDT** pair on a **10-minute time frame**, using a combination of an Exponential Moving Average (EMA) and percentage-based Stop Loss (SL) and Take Profit (TP) levels. ### How the strategy works: 1. **EMA Calculation**: - The strategy calculates a 24-period Exponential Moving Average (EMA) based on the closing price. - This EMA serves as the primary trend indicator. 2. **Entry Conditions**: - **Long Position**: A long position is entered when the closing price is above the EMA and the opening price is below the EMA. This indicates a potential upward trend. - **Short Position**: A short position is entered when the closing price is below the EMA and the opening price is above the EMA. This indicates a potential downward trend. 3. **Stop Loss and Take Profit**: - Both Stop Loss (SL) and Take Profit (TP) are calculated based on the entry price of the position. - **For Long Positions**: - Stop Loss is set as a percentage below the entry price. - Take Profit is set as a percentage above the entry price. - **For Short Positions**: - Stop Loss is set as a percentage above the entry price. - Take Profit is set as a percentage below the entry price. - The percentage values for SL and TP can be adjusted in the strategy's settings (default: SL = 2%, TP = 4%). 4. **Exit Conditions**: - The position is closed automatically when either the Stop Loss or Take Profit level is reached. 5. **Visualization**: - The 24-period EMA is plotted on the chart as a blue line, helping visualize the trend direction. ### Key Features: - **Pair and Time Frame**: The strategy is optimized for the SUSDT pair on a 10-minute time frame. - **Customizable Parameters**: Users can adjust the Stop Loss and Take Profit percentages to suit their risk tolerance and trading style. - **Trend-Following Approach**: The strategy uses the EMA to identify and follow the current market trend. This strategy is simple yet effective for capturing trends while managing risk through predefined Stop Loss and Take Profit levels.
Pine Script® strategy
by Maciejo098
Stop/Take BoundsThe Stop/Take Bounds indicator is tool for setting dynamic stop-loss and take-profit levels based on percentage distance from the price. Unlike traditional ATR-based methods, this indicator allows traders to set stop levels as a fixed percentage of the price and define the take-profit multiple. - Stop-loss distanceis determined as a percentage of the current price (e.g., 1% means the stop-loss is always 1% away from the price). - Take-profit distance is calculated by multiplying the stop-loss distance by a user-defined multiplier (e.g., a multiplier of 2 places the take-profit level twice as far as the stop-loss). - The indicator plots red lines for stop-loss levels and green lines for take-profit levels, making it easy to visualize risk-to-reward scenarios. How to Use 1. Set Stop-Loss Distance (%) – Define how far the stop-loss should be from the price. 2. Set Take-Profit Multiplier – Choose how many times larger the take-profit should be compared to the stop-loss. 3. Apply to Long and Short Trades – The indicator automatically plots levels for both long and short positions. 4. Use in Manual or Algorithmic Trading – Ideal for discretionary traders as well as for integration into algorithmic strategies. Use Cases - Risk Management – Helps maintain disciplined risk-to-reward ratios. - Strategy Development – Can be used in the creation of algorithmic trading systems. - Trailing Stop Simulation – Can act as a trailing stop mechanism when used dynamically. This indicator is a great addition to any trading strategy!
Pine Script® indicator
by Y_Goldman
Liquidations Levels [RunRox]📈 Liquidation Levels is an indicator designed to visualize key price levels on the chart, highlighting potential reversal points where liquidity may trigger significant price movements. Liquidity is essential in trading - price action consistently moves from one liquidity area to another. We’ve created this free indicator to help traders easily identify and visualize these liquidity zones on their charts. 📌 HOW IT WORKS The indicator works by marking visible highs and lows, points widely recognized by traders. Because many traders commonly place their stop-loss orders beyond these visible extremes, significant liquidity accumulates behind these points. By analyzing trading volume and visible extremes, the indicator estimates areas where clusters of stop-loss orders (liquidity pools) are likely positioned, giving traders valuable insights into potential market moves. As shown in the screenshot above, the price aggressively moved toward Sell-Side liquidity. After sweeping this liquidity level for the second time, it reversed and began targeting Buy-Side liquidity. This clearly demonstrates how price moves from one liquidity pool to another, continually seeking out liquidity to fuel its next directional move. As shown in the screenshot, price levels with fewer anticipated trader stop-losses are indicated by less vibrant, faded colors. When the lines become more saturated and vivid, it signals that sufficient liquidity - in the form of clustered stop-losses has accumulated, potentially attracting price movement toward these areas. ⚙️ SETTINGS 🔹 Period – Increasing this setting makes the marked highs and lows more significant, filtering out minor price swings. 🔹 Low Volume – Select the color displayed for low-liquidity levels. 🔹 High Volume – Select the color displayed for high-liquidity levels. 🔹 Levels to Display – Choose between 1 and 15 nearest liquidity levels to be shown on the chart. 🔹 Volume Sensitivity – Adjust the sensitivity of the indicator to volume data on the chart. 🔹 Show Volume – Enable or disable the display of volume values next to each liquidity level. 🔹 Max Age – Limits displayed liquidity levels to those not older than the specified number of bars. ✅ HOW TO USE One method of using this indicator is demonstrated in the screenshot above. Price reached a high-liquidity level and showed an initial reaction. We then waited for a second confirmation - a liquidity sweep followed by a clear market structure break - to enter the trade. Our target is set at the liquidity accumulated below, with the stop-loss placed behind the manipulation high responsible for the liquidity sweep. By following this approach, you can effectively identify trading opportunities using this indicator. 🔶 We’ve made every effort to create an indicator that’s as simple and user-friendly as possible. We’ll continue to improve and enhance it based on your feedback and suggestions in the future.
Pine Script® indicator
by RunRox
2
Wick Size in USD with 10-Bar AverageWick Size in USD with 10-Bar Average Version: 1.0 Author: QCodeTrader 🔍 Overview This indicator converts the price wicks of your candlestick chart into USD values based on ticks, providing both raw and smoothed data via a 10-bar simple moving average. It helps traders visualize the monetary impact of price extremes, making it easier to assess volatility, potential risk, and plan appropriate stop loss levels. ⚙️ Key Features Tick-Based Calculation: Converts wick sizes into ticks (using a fixed tick size of 0.01, typical for stocks) and then into USD using a customizable tick value. 10-Bar Moving Average: Smooths out the wick values over the last 10 bars, giving you a clearer view of average wick behavior. Bullish/Bearish Visual Cues: The chart background automatically highlights bullish candles in green and bearish candles in red for quick visual assessment. Stop Loss Optimization: The indicator highlights long wick sizes, which can help you set more accurate stop loss levels. Even when the price moves in your favor, long wicks may indicate potential reversals—allowing you to account for this risk when planning your stop losses. User-Friendly Customization: Easily adjust the USD value per tick through the settings to tailor the indicator to your specific instrument. 📊 How It Works Wick Calculation: The indicator calculates the upper and lower wicks by measuring the distance between the candle’s high/low and its body (open/close). Conversion to Ticks & USD: These wick sizes are first converted from price points to ticks (dividing by a fixed tick size of 0.01) and then multiplied by the user-defined tick value to convert the measurement into USD. Smoothing Data: A 10-bar simple moving average is computed for both the upper and lower wick values, providing smoothed data that helps identify trends and deviations. Visual Representation: Columns display the raw wick sizes in USD. Lines indicate the 10-bar moving averages. Background Color shifts between green (bullish) and red (bearish) based on candle type. ⚡ How to Use Add the Indicator: Apply it to your chart to begin visualizing wick sizes in monetary terms. Customize Settings: Adjust the Tick Value in USD in the settings to match your instrument’s tick value. (Note: The tick size is fixed at 0.01, which is standard for many stocks.) Optimize Your Stop Loss: Analyze the raw and averaged wick values to understand volatility. Long wicks—even when the price moves in your favor—may indicate potential reversals. This insight can help you set more accurate stop loss levels to protect your gains. Analyze: Use the indicator’s data to gauge market volatility and assess the significance of price movements, aiding in more informed trading decisions. This indicator is perfect for traders looking to understand the impact of extreme price movements in monetary terms, optimize stop loss levels, and effectively manage risk across stocks and other instruments with similar tick structures.
Pine Script® indicator
by QCodeTrader
Price Action Trend and Margin EquityThe Price Action Trend and Margin Equity indicator is a multifunctional market analysis tool that combines elements of money management and price pattern analysis. The indicator helps traders identify key price action patterns and determine optimal entry, exit and stop loss levels based on the current trend. The main components of the indicator: Money Management: Allows the trader to set risk management parameters such as the percentage of possible loss on the position, the use of fixed leverage and the total capital. Calculates the required leverage level to achieve a specified percentage of loss. Price Action: Correctly identifies various price patterns such as Pin Bar, Engulfing Bar, PPR Bar and Inside Bar. Displays these patterns on the chart with the ability to customize candle colors and display styles. Allows the trader to customize take profit and stop loss points to display them on the chart. The ability to display patterns only in the direction of the trend. Trend: (some code taken from ChartPrime) Uses a trend cloud to visualize the current market direction. The trend cloud is displayed on the chart and helps traders determine whether the market is in an uptrend or a downtrend. Alert: Allows you to set an alert that will be triggered when the pattern is formed. Example of use: Let's say a trader uses the indicator to trade the crypto market. He sets the money management parameters, setting the maximum loss per position to 5% and using a fixed leverage of 1:100. The indicator automatically calculates the required position size to meet these parameters ($: on the label). Or displays the leverage (X: on the label) to achieve the required risk. The trader receives an alert when a Pin Bar is formed. The indicator displays the entry, exit, and stop loss levels based on this pattern. The trader opens a position for the recommended amount in the direction indicated by the indicator and sets the stop loss and take profit at the recommended levels. General Settings: Position Loss Percentage: Sets the maximum loss percentage you are willing to take on a single position. Use Fixed Leverage: Enables or disables the use of fixed leverage. Fixed Leverage: Sets the fixed leverage level. Total Equity: Specifies the total equity you are using for trading. (Required for calculation when using fixed leverage) Turn Patterns On/Off: You can turn on or off the display of various price patterns such as Pin Bar, Outside Bar (Engulfing), Inside Bar, and PPR Bar. Pattern Colors: Sets the colors for displaying each pattern on the chart. Candle Color: Allows you to set a neutral color for candles that do not match the price action. Show Lines: Allows you to turn on or off the display of labels and lines. Line Length: Sets the length of the stop, entry, and take profit lines. Label color: One color for all labels (configured below) or the color of the labels in the color of the candle pattern. Pin entry: Select the entry point for the pin bar: candle head, bar close, or 50% of the candle. Coefficients for stop and take lines. Use trend for price action: When enabled, will show price action signals only in the direction of the trend. Display trend cloud: Enables or disables the display of the trend cloud. Cloud calculation period: Sets the period for which the maximum and minimum values ​​​​for the cloud are calculated. The longer the period, the smoother the cloud will be. Cloud colors: Sets the colors for uptrends and downtrends, as well as the transparency of the cloud. The logic of the indicator: Pin Bar is a candle with a long upper or lower shadow and a short body. Logic: If the length of one shadow is twice the body and the opposite shadow of the candle, it is considered a Pin Bar. An Inside Bar is a candle that is completely engulfed by the previous candle. Logic: If the high and low of the current candle are inside the previous candle, it is an Inside Bar. An Outside Bar or Engulfing is a candle that completely engulfs the previous candle. Logic: If the high and low of the current candle are outside the previous candle and close outside the previous candle, it is an Outside Bar. A PPR Bar is a candle that closes above or below the previous candle. Logic: If the current candle closes above the high of the previous candle or below its low, it is a PPR Bar. Stop Loss Levels: Calculated based on the specified ratios. If set to 1.0, it shows the correct stop for the pattern by pushing away from the entry point. Take Profit Levels: Calculated based on the specified ratios. Create a Label: The label is created at the stop loss level and contains information about the potential leverage and loss. The formula for calculating the $ value is: =(Total Capital x (Maximum Loss Percentage on Position/100)) / (Difference between Entry Level and Stop Loss Level × Ratio that sets the stop loss level relative to the length of the candlestick shadow × Fixed Leverage Value) . ​ Labels contain the following information: The percentage of price change from the recommended entry point to the stop loss level. Required Leverage (X: ): The amount of leverage required to achieve the specified loss percentage. (Or a fixed value if selected). Required Capital ($: ): The amount of capital required to open a position with the specified leverage and loss percentage (only displayed when using fixed leverage). The trend cloud identifies the maximum and minimum price values ​​for the specified period. The cloud value is set depending on whether the current price is equal to the high or low values. If the current closing price is equal to the high value, the cloud is set at the low value, and vice versa. RU Индикатор "Price Action Trend and Margin Equity" представляет собой многофункциональный инструмент для анализа рынка, объединяющий в себе элементы управления капиталом и анализа ценовых паттернов. Индикатор помогает трейдерам идентифицировать ключевые прайс экшн паттерны и определять оптимальные уровни входа, выхода и стоп-лосс на основе текущего тренда. Основные компоненты индикатора: Управление капиталом: Позволяет трейдеру задавать параметры управления рисками, такие как процент возможного убытка по позиции, использование фиксированного плеча и общий капитал. Рассчитывает необходимый уровень плеча для достижения заданного процента убытка. Price Action: Правильно идентифицирует различные ценовые паттерны, такие как Pin Bar, Поглащение Бар, PPR Bar и Внутренний Бар. Отображает эти паттерны на графике с возможностью настройки цветов свечей и стилей отображения. Позволяет трейдеру настраивать точки тейк профита и стоп лосса для отображения их на графике. Возможность отображения паттернов только в натправлении тренда. Trend: (часть кода взята у ChartPrime) Использует облако тренда для визуализации текущего направления рынка. Облако тренда отображается на графике и помогает трейдерам определить, находится ли рынок в восходящем или нисходящем тренде. Оповещение: Дает возможность установить оповещение которое будет срабатывать при формировании паттерна. Пример применения: Предположим, трейдер использует индикатор для торговли на крипто рынке. Он настраивает параметры управления капиталом, устанавливая максимальный убыток по позиции в 5% и используя фиксированное плечо 1:100. Индикатор автоматически рассчитывает необходимый объем позиции для соблюдения этих параметров ($: на лейбле). Или отображает плечо (Х: на лейбле) для достижения необходимого риска. Трейдер получает оповещение о формировании Pin Bar. Индикатор отображает уровни входа, выхода и стоп-лосс, основанные на этом паттерне. Трейдер открывает позицию на рекомендуемую сумму в направлении, указанном индикатором, и устанавливает стоп-лосс и тейк-профит на рекомендованных уровнях. Общие настройки: Процент убытка по позиции: Устанавливает максимальный процент убытка, который вы готовы понести по одной позиции. Использовать фиксированное плечо: Включает или отключает использование фиксированного плеча. Уровень фиксированного плеча: Задает уровень фиксированного плеча. Общий капитал: Указывает общий капитал, который вы используете для торговли. (Необходим для расчета при использовании фиксированного плеча) Включение/отключение паттернов: Вы можете включить или отключить отображение различных ценовых паттернов, таких как Pin Bar, Outside Bar (Поглощение), Inside Bar и PPR Bar. Цвета паттернов: Задает цвета для отображения каждого паттерна на графике. Цвет свечей: Позволяет задать нейтральный цвет для свечей неподходящих под прйс экшн. Показывать линии: Позволяет включить или отключить отображение лейблов и линий. Длинна линий: Настройка длинны линий стопа, линии входа и тейк профита. Цвет лейбла: Один цвет для всех лейблов (настраивается ниже) или цвет лейблов в цвет паттерна свечи. Вход в пин: Выбор точки входа для пин бара: голова свечи, точка закрытия бара или 50% свечи. Коэффиценты для стоп и тейк линий. Использовать тренд для прайс экшна: При включении будет показывать прайс экшн сигналы только в направлении тренда. Отображение облака тренда: Включает или отключает отображение облака тренда. Период расчета облака: Устанавливает период, за который рассчитываются максимальные и минимальные значения для облака. Чем больше период, тем более сглаженным будет облако. Цвета облака: Задает цвета для восходящего и нисходящего трендов, а также прозрачность облака. Логика работы индикатора: Pin Bar — это свеча с длинной верхней или нижней тенью и коротким телом. Логика: Если длина одной тени вдвое больше тела и противоположной тени свечи, считается, что это Pin Bar. Inside Bar — это свеча, полностью поглощенная предыдущей свечой. Логика: Если максимум и минимум текущей свечи находятся внутри предыдущей свечи, это Inside Bar. Outside Bar или Поглощение — это свеча, которая полностью поглощает предыдущую свечу. Логика: Если максимум и минимум текущей свечи выходят за пределы предыдущей свечи и закрывается за пределами предыдущей свечи, это Outside Bar. PPR Bar — это свеча, которая закрывается выше или ниже предыдущей свечи. Логика: Если текущая свеча закрывается выше максимума предыдущей свечи или ниже ее минимума, это PPR Bar. Уровни стоп-лосс: Рассчитываются на основе заданных коэффициентов. При значении 1.0 показывает правильный стоп для паттерна отталкиваясь от точки входа. Уровки тейк-профита: Рассчитываются на основе заданных коэффициентов. Создание метки: Метка создается на уровне стоп-лосс и содержит информацию о потенциальном плече и убытке. Формула для вычисления значения $: =(Общий капитал x (Максимальный процент убытка по позиции/100)) / (Разница между уровнем входа и уровнем стоп-лосс × Коэффициент, задающий уровень стоп-лосс относительно длины тени свечи × Значение фиксированного плеча). Метки содержат следующую информацию: Процент изменения цены от рекомендованной точки входа до уровня стоп-лосс. Необходимое плечо (Х: ): Уровень плеча, необходимый для достижения заданного процента убытка. (Или фиксированное значение если оно выбрано). Необходимый капитал ($: ): Сумма капитала, необходимая для открытия позиции с заданным плечом и процентом убытка (отображается только при использовании фиксированного плеча). Облако тренда определяет максимальные и минимальные значения цены за указанный период. Значение облака устанавливается в зависимости от того, совпадает ли текущая цена с максимальными или минимальными значениями. Если текущая цена закрытия равна максимальному значению, облако устанавливается на уровне минимального значения, и наоборот.
Pine Script® indicator
by Shaman4eG
Market Forecast with SL & TPThis script is an indicator for TradingView. It overlays on your chart to give you visual cues about when to enter or exit in trades. 2. Key Components: ATR (Average True Range): This measures market volatility. Think of it like how much the price jumps around. The script uses this to help decide when the market might be too volatile or just right for trading. Fibonacci Levels: These are specific price levels that traders believe the market will react to. They're calculated based on the highest high and lowest low over a period. Imagine these as 'magic' levels where the price might want to stop or bounce back. SMA (Simple Moving Average): This is like a smoothed out version of price movement over time. It helps to see the general trend without the noise of daily price fluctuations. Higher Timeframe (HTF) Analysis: This looks at the price trend on a bigger time frame (like daily charts) to see if it aligns with your shorter-term trading decisions. 3. How It Works: Volatility Filter: The script first calculates the ATR to understand the market's volatility. You can adjust how sensitive this is with the "ATR Length" and "ATR Multiplier" inputs. Fibonacci Levels Calculation: It figures out where these 'magic' Fibonacci levels are based on recent price action. Trend Analysis: It checks the trend on both your current chart time frame and a higher time frame (HTF) to see if they're in agreement. Enter/Exit Signals: Enter/Exit: When the current price is above the SMA of both your chart and the HTF, and it's within a certain range (defined by ATR) of a Fibonacci level, the script suggests it might be a good time to buy. It places a green label saying "ENTER" below the price, draws a green line showing where the price might go up by 5% (this is your target profit), and a red line below for where you might want to stop loss if things go south. Exit Signal: Conversely, if the price is below both SMAs and within the ATR range of a Fibonacci level, it suggests selling or exiting a position. It places a red "EXIT" label above the price, a red line predicting a 5% drop, and a stop loss line above the current price. Visual Aids: The script also plots the SMA for reference and draws horizontal lines at Fibonacci levels to give you a visual guide of where these levels are. 4. Using the Script: When you see the "ENTER" label, it's suggesting a potential buying opportunity based on all the conditions being favorable (trend, volatility, Fibonacci levels). The "EXIT" label suggests selling or getting out of a trade. The green and red lines give you a visual of where you might aim to take profit or set your stop loss, helping you manage your trade. 5. Why It's Useful: This script combines several trading concepts (volatility, trend following, Fibonacci retracement) into one tool, making it easier for you to spot potential trading opportunities without having to analyze each component separately. It's like having a little trading assistant on your chart! Remember, while this script can guide you, always use it alongside your own analysis, risk management, and understanding of the market. Happy trading!
Pine Script® indicator
by TradingRobotAvailable
John Bob-Trading-BotDeveloped by Ayebale John Bob with the help of his bestie, this innovative strategy combines advanced Smart Money Concepts with practical risk management tools to help traders identify and capitalize on key market moves. Key Features: Smart Money Concepts & Fair Value Gaps (FVG): The strategy monitors price action for fair value gaps, which are visualized as extremely faint horizontal lines on the chart. These FVGs signal potential areas where institutional traders might have entered or exited positions. Dynamic Entry Signals: Buy signals are triggered when the price crosses above the 50-bar lowest low or when a bullish FVG is detected. Conversely, sell signals are generated when the price falls below the 50-bar highest high or a bearish FVG is identified. Each signal is visually marked on the chart with clear buy (green) and sell (red) labels. Multi-Level Order Execution: Once an entry signal occurs, the strategy places five separate orders, each with its own take-profit (TP) level. The TP levels are calculated dynamically using the Average True Range (ATR) and a set of predefined multipliers. This allows traders to scale out of positions as the market moves favorably. Dynamic Risk Management: A stop-loss is automatically set at a distance determined by the ATR, ensuring that risk is managed in accordance with current market volatility. Real-Time Trade Information Table: In the bottom-right corner of the chart, a trade information table displays essential details about the current trade: Side: Displays "BUY NOW" (with a dark green background) for long entries or "SELL NOW" (with a dark red background) for short entries. Entry Price & Stop-Loss: Shows the entry price (highlighted in green) and the corresponding stop-loss level (highlighted in red). Take-Profit Levels: Lists the five TP levels, each of which turns green once the market price reaches that target. Timer: A live timer in minutes counts from the moment the current trade trigger started, helping traders track the duration of their active trades. Visual Progress Bar: A histogram-style progress bar is plotted on the chart, visually representing the percentage gain (or loss) relative to the entry price. This strategy was meticulously designed to incorporate both technical analysis and smart risk management, offering a robust trading solution that adapts to changing market conditions. Whether you're a seasoned trader or just starting out, the AyebaleJohnBob Trading Bot equips you with the tools and visual cues needed to make well-informed trading decisions. Enjoy a seamless blend of strategy and style—crafted with passion by Ayebale John Bob and his bestie!
Pine Script® strategy
by ayebalejohnbob
9
Stop Loss & TargetHow to Use the SL/TP Indicator The SL/TP indicator is a versatile tool designed for traders to easily visualize entry, stop-loss (SL), and take-profit (TP) levels on their charts. This guide will walk you through the steps to configure and use the indicator effectively. Features: Configure Long Trades and Short Trades independently. Define Entry Price, Stop Loss, and up to three Take Profit levels for each trade. Customize line colors for better visualization. Works for both risk-reward and target-based trading. Adding the Indicator: Open the TradingView platform. Search for the indicator name: SL/TP. Click the Add to Chart button to apply it. Configuration: 1. Long Trade Settings Enable Long Trade: Check this option to activate long trade lines on the chart. Long Entry Price: Input the price at which you plan to enter the long trade. Long Stop Loss: Input your stop-loss level for the long trade. Line Colors: You can customize the colors for the Entry, SL, and TP lines in the Long Trade settings group. Take Profit Levels (Calculated Automatically): TP1: 1:1 Risk-Reward ratio (difference between Entry and SL added to Entry). TP2: 1:2 Risk-Reward ratio. TP3: 1:3 Risk-Reward ratio. 2. Short Trade Settings Enable Short Trade: Check this option to activate short trade lines on the chart. Short Entry Price: Input the price at which you plan to enter the short trade. Short Stop Loss: Input your stop-loss level for the short trade. Line Colors: You can customize the colors for the Entry, SL, and TP lines in the Short Trade settings group. Take Profit Levels (Calculated Automatically): TP1: 1:1 Risk-Reward ratio (difference between Entry and SL subtracted from Entry). TP2: 1:2 Risk-Reward ratio. TP3: 1:3 Risk-Reward ratio. Visualizing on the Chart: Once you configure the settings and enable the trade, the indicator will draw horizontal lines on the chart for: Entry Price Stop Loss Take Profit Levels (TP1, TP2, TP3) Each line will extend to three bars ahead of the current bar index. Customization: Adjust colors for better visibility depending on your chart theme. The width and style of lines can also be modified in the source code if needed. Example Usage: Long Trade Example: Enable Long Trade: Check the box. Set Entry Price: 100. Set Stop Loss: 95. The indicator will draw the following lines: Entry Line: At 100 (customizable color). Stop Loss Line: At 95 (customizable color). TP1 Line: At 105 (1:1 Risk-Reward). TP2 Line: At 110 (1:2 Risk-Reward). TP3 Line: At 115 (1:3 Risk-Reward). Short Trade Example: Enable Short Trade: Check the box. Set Entry Price: 200. Set Stop Loss: 205. The indicator will draw the following lines: Entry Line: At 200 (customizable color). Stop Loss Line: At 205 (customizable color). TP1 Line: At 195 (1:1 Risk-Reward). TP2 Line: At 190 (1:2 Risk-Reward). TP3 Line: At 185 (1:3 Risk-Reward). Notes: Ensure that you input valid and realistic price levels for Entry and Stop Loss. The indicator will only display lines if both the Entry Price and Stop Loss are non-zero. Use this indicator for planning trades visually but always confirm levels with your trading strategy. Disclaimer: This indicator is a tool to assist in trading. Use it with proper risk management and your own due diligence.
Pine Script® indicator
by KKheni
Profitability Visualization with Bid-Ask Spread ApproximationOverview The " Profitability Visualization with Bid-Ask Spread Approximation " indicator is designed to assist traders in assessing potential profit and loss targets in relation to the current market price or a simulated entry price. It provides flexibility by allowing users to choose between two methods for calculating the offset from the current price: Bid-Ask Spread Approximation: The indicator attempts to estimate the bid-ask spread by using the highest (high) and lowest (low) prices within a given period (typically the current bar or a user-defined timeframe) as proxies for the ask and bid prices, respectively. This method provides a dynamic offset that adapts to market volatility. Percentage Offset: Alternatively, users can specify a fixed percentage offset from the current price. This method offers a consistent offset regardless of market conditions. Key Features Dual Offset Calculation Methods: Choose between a dynamic bid-ask spread approximation or a fixed percentage offset to tailor the indicator to your trading style and market analysis. Entry Price Consideration: The indicator can simulate an entry price at the beginning of each trading session (or the first bar on the chart if no sessions are defined). This feature enables a more realistic visualization of potential profit and loss levels based on a hypothetical entry point. Profit and Loss Targets: When the entry price consideration is enabled, the indicator plots profit target (green) and loss target (red) lines. These lines represent the price levels at which a trade entered at the simulated entry price would achieve a profit or incur a loss equivalent to the calculated offset amount. Offset Visualization: Regardless of whether the entry price is considered, the indicator always displays upper (aqua) and lower (fuchsia) offset lines. These lines represent the calculated offset levels based on the chosen method (bid-ask approximation or percentage offset). Customization: Users can adjust the percentage offset, toggle the bid-ask approximation and entry price consideration, and customize the appearance of the lines through the indicator's settings. Inputs useBidAskApproximation A boolean (checkbox) input that determines whether to use the bid-ask spread approximation (true) or the percentage offset (false). Default is false. percentageOffset A float input that allows users to specify the percentage offset to be used when useBidAskApproximation is false. The default value is 0.63. considerEntryPrice A boolean input that enables the consideration of a simulated entry price for calculating and displaying profit and loss targets. Default is true. Calculations Bid-Ask Approximation (if enabled): bidApprox = request.security(syminfo.tickerid, timeframe.period, low) Approximates the bid price using the lowest price (low) of the current period. askApprox = request.security(syminfo.tickerid, timeframe.period, high) Approximates the ask price using the highest price (high) of the current period. spreadApprox = askApprox - bidApprox Calculates the approximate spread. Offset Amount: offsetAmount = useBidAskApproximation ? spreadApprox / 2 : close * (percentageOffset / 100) Determines the offset amount based on the selected method. If useBidAskApproximation is true, the offset is half of the approximated spread; otherwise, it's the current closing price (close) multiplied by the percentageOffset. Entry Price (if enabled): var entryPrice = 0.0 Initializes a variable to store the entry price. if considerEntryPrice Checks if entry price consideration is enabled. if barstate.isnew Checks if the current bar is the first bar of a new session. entryPrice := close Sets the entryPrice to the closing price of the first bar of the session. Profit and Loss Targets (if entry price is considered): profitTarget = entryPrice + offsetAmount Calculates the profit target price level. lossTarget = entryPrice - offsetAmount Calculates the loss target price level. Plotting Profit Target Line: Plotted in green (color.green) with a dashed line style (plot.style_linebr) and increased linewidth (linewidth=2) when considerEntryPrice is true. Loss Target Line: Plotted in red (color.red) with a dashed line style (plot.style_linebr) and increased linewidth (linewidth=2) when considerEntryPrice is true. Upper Offset Line: Always plotted in aqua (color.aqua) to show the offset level above the current price. Lower Offset Line: Always plotted in fuchsia (color.fuchsia) to show the offset level below the current price. Limitations Approximation: The bid-ask spread approximation is based on high and low prices and may not perfectly reflect the actual bid-ask spread of a specific broker, especially during periods of high volatility or low liquidity. Simplified Entry: The entry price simulation is basic and assumes entry at the beginning of each session. It does not account for specific entry signals or order types. No Order Execution: This indicator is purely for visualization and does not execute any trades. Data Discrepancies: The high and low values used for approximation might not always align with real-time bid and ask prices due to differences in data aggregation and timing between TradingView and various brokers. Disclaimer This indicator is for educational and informational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct thorough research and consider your own risk tolerance before making any trading decisions. It is recommended to combine this indicator with other technical analysis tools and a well-defined trading strategy.
Pine Script® indicator
by ubuntuba
MCP Stop Strategy [JARUTIR]The MCP Stop Strategy is a trading tool designed to help traders lock in profits and manage risks. It is based on the concept of setting a MCP (Mental Capacity Preservation) Stop explained in the book "The Lifecycle Trade". I call it Maximum Controllable Profit Stop which helps protect profits once a stock or asset reaches a new peak. The MCP Stop is dynamically calculated based on the Buy Price and the All Time High Price (Peak Price), and is adjusted using a customizable percentage (MCP%) to retain a portion of the gains from the peak price during a drawdown. Key Features : MCP Stop Calculation: The script calculates the MCP Stop as: MCP Stop = Buy Price + (Peak Price - Buy Price) x MCP% This helps you protect a portion of your gains (defined by MCP%) as the price moves in your favor. Flexible Buy Date Option: You can either manually input a Buy Date or let the script automatically detect the Buy Date when the price first meets or exceeds the user-defined Buy Price. After the Buy Date, the MCP Stop, Buy Price, and Peak Price are plotted on the chart for easy visualization. Customizable Parameters: Buy Price: The price at which the asset was bought. MCP Percentage: The percentage of profit from the peak that you want to retain in case of a drawdown. Lookback Length: The number of bars to consider when calculating the Peak Price (All Time High). How to Use the Script : Set the Buy Price: Enter the price at which you bought the asset. Set the MCP%: Enter the percentage of profits you want to protect from the peak. For example, if you want to retain 10% of the gain from the peak, set this to 10. Choose the Buy Date Method: Automated Buy Date: The script will automatically detect the first bar where the price meets or exceeds the Buy Price. Manual Buy Date: If you prefer to specify a particular Buy Date, input the desired date and time. View the MCP Stop and Peak Price: After the Buy Date (either manually or automatically detected), the MCP Stop, Buy Price, and Peak Price will be plotted on the chart. Monitor the MCP Stop Trigger: The script will alert you when the price falls below the MCP Stop, indicating a potential exit point to protect profits. Frequently Asked Questions (FAQs): 1. What is the MCP Stop? The MCP Stop is a dynamic stop-loss level that adjusts based on your Buy Price and the All Time High Price (Peak Price). It protects a portion of your gains from the peak, which is defined by the MCP%. For example, if you set the MCP% to 10%, the script will retain 10% of the gains from the peak and use this as a stop-loss. 2. How does the Buy Date work? The Buy Date is the date when you entered the position: If you choose Automated Buy Date, the script will automatically set the Buy Date to the first bar when the price meets or exceeds the Buy Price. If you choose Manual Buy Date, you can specify a particular date and time when you want the strategy to start calculating and plotting the MCP Stop and Peak Price. 3. What happens if the price falls below the MCP Stop? If the price drops below the MCP Stop, the script will mark this as a potential exit point, helping you protect profits. A visual alert (MCP STOP) will be shown on the chart when the price reaches or falls below the MCP Stop. 4. Can I adjust the Lookback Length for Peak Price? Yes, you can customize the Lookback Length (the number of bars the script considers when calculating the Peak Price) by entering a value in the input field. By default, it is set to 1000 bars, which represents a few months of historical data, but you can increase or decrease this based on your trading strategy. 5. Why would I want to use the automated Buy Date? The Automated Buy Date is useful for traders who want the script to automatically track the Buy Date when the price first reaches or exceeds the Buy Price. This is helpful when you're unsure of the exact entry date but know the price at which you bought the asset. It simplifies the process by eliminating the need for manual input. 6. Can I use this strategy for long and short positions? The current version of this script is designed for long positions, where you buy an asset and want to protect your profits as the price increases. If you're interested in applying it to short positions, you would need to adjust the logic accordingly (e.g., tracking the lowest price instead of the peak price). 7. Can I modify the script to fit my trading strategy? Yes, this script is highly customizable. You can adjust parameters such as Buy Price, MCP%, and Lookback Length to suit your specific trading style. You can also tweak the visual appearance of the plotted lines and alerts. Disclaimer: This strategy is intended for educational purposes only. It should not be considered financial advice. Always perform your own research and consult with a professional before making any trading decisions. Trading involves significant risk, and you should never trade with money you cannot afford to lose.
Pine Script® indicator
by JARUTIR
Visual ATR StopThis indicator uses the Average True Range (ATR) to display a visual range for stop placement. Two multiplier values (example, 1 and 3) can be set to create a filled area below the price. This area represents the range between the two ATR levels, adjusted by subtracting the current price, providing a simple way to visualize stop-loss placement based on volatility. The indicator is customizable; for example, negative values can place the area above the price for short positions. The filled color can also be removed, which allows precise levels to be marked above and below.
Pine Script® indicator
by StockLeave
Dynamic TestingInput Parameters `lookbackPeriod` : Number of candles to check for determining the highest high (resistance) and lowest low (support) levels. `atrPeriod` : The period for calculating the Average True Range (ATR), a measure of market volatility. `atrMultiplierSL` : Multiplier to calculate the stop-loss distance relative to the ATR. `atrMultiplierTP1` and `atrMultiplierTP2` : Multipliers to calculate two take-profit levels relative to ATR. `rewardToRisk` : The ratio between reward (profit) and risk (stop loss) for trade management. --- Core Calculations ATR (Average True Range) atr = ta.atr(atrPeriod) ATR is computed using the specified period to gauge price volatility. Volume SMA volumeSMA = ta.sma(volume, atrPeriod) The script calculates the simple moving average of volume over the same period as ATR. This is used as a threshold for validating high-volume scenarios. --- Support and Resistance Levels `support` : Lowest price over the last `lookbackPeriod` candles. `resistance` : Highest price over the same period. `supportBuffer` and `resistanceBuffer` : These are "buffered" zones around support and resistance, calculated using half of the ATR to prevent false breakouts. --- Entry Scenarios Bullish Entry (`isBullishEntry`) The close is above the buffered support level. The low of the current candle touches or breaks below the support level. The trading volume is greater than the `volumeSMA`. Bearish Entry (`isBearishEntry`) The close is below the buffered resistance level. The high of the current candle touches or exceeds the resistance level. The trading volume is greater than the `volumeSMA`. --- Box Visualization Bullish and Bearish Boxes Bullish Box (`bullishBox`): - A green, semi-transparent rectangle around the support level to highlight the bullish entry zone. - Dynamically updates based on recent price action. Bearish Box (`bearishBox`): - A red, semi-transparent rectangle around the resistance level to highlight the bearish entry zone. - Adjusts similarly as price evolves. --- Stop Loss and Take Profit Calculations Bullish Trades Stop Loss (`bullishSL`): Calculated as support - atrMultiplierSL * ATR . Take Profit 1 (`bullishTP1`): support + rewardToRisk * atrMultiplierTP1 * ATR . Take Profit 2 (`bullishTP2`): support + rewardToRisk * atrMultiplierTP2 * ATR . Bearish Trades Stop Loss (`bearishSL`): resistance + atrMultiplierSL * ATR . Take Profit 1 (`bearishTP1`): resistance - rewardToRisk * atrMultiplierTP1 * ATR . Take Profit 2 (`bearishTP2`): resistance - rewardToRisk * atrMultiplierTP2 * ATR . --- Visualization for Key Levels Bullish Scenario Green lines represent `bullishTP1` and `bullishTP2` for profit targets. A red line indicates the `bullishSL` . Labels like "TP1," "TP2," and "SL" dynamically appear at respective levels to make the targets and risk visually clear. Bearish Scenario Red lines represent `bearishTP1` and `bearishTP2` . A green line marks the `bearishSL` . Similar dynamic labeling for `TP1` , `TP2` , and `SL` at corresponding bearish levels. --- Dynamic Updates Both the entry boxes and key level visualizations (lines and labels) adjust dynamically based on real-time price and volume data. --- Purpose Identify high-probability bullish and bearish trade setups. Define clear entry zones (using boxes) and exit levels (TP1, TP2, SL). Incorporate volatility (via ATR) and volume into decision-making. --- Technical Summary Dynamically visualize support/resistance levels. Set risk-managed trades using ATR-based stop-loss and profit levels. Automate visual trade zones for enhanced chart clarity. ---
Pine Script® indicator
by ProfitNomad
Strategy Tester [Cometreon]Strategy Tester is a powerful backtesting engine designed to evaluate and optimize trading strategies built with the Strategy Builder or signals triggered by the Signal Tester. It provides a full-featured environment for assessing strategy performance across symbols and timeframes, offering smart tools for risk management, capital allocation, and alert handling. Whether you're refining a custom strategy or validating signals, Strategy Tester helps you test with confidence and clarity. 🔷 Key Features 🟩 Multi-Symbol, Multi-Timeframe Testing Easily test strategies across different assets and timeframes to understand how they behave in diverse market conditions. 🟩 Advanced Risk Management Implement multiple Take Profit and Stop Loss combinations, break-even, trailing systems, and exit rules tailored to your style. 🟩 Flexible Session and Capital Settings Customize trading hours, session windows, and initial capital allocation for ultra-precise testing scenarios. 🟩 Custom Alerts Generate personalized alerts for entries, exits, and SL/TP adjustments to simulate real-time execution. 🔷 Technical Details and Customizable Inputs 1️⃣ Source Entry Long and Short - Select entry conditions for the strategy from the "Signal Tester" or "Strategy Builder". 2️⃣ Source Exit Long and Short - Select exit conditions for the strategy from the "Signal Tester" or "Strategy Builder". 3️⃣ Trading Session - Choose the period in which the strategy will enter positions, selecting from: Months, Days, up to 3 hourly sessions, and the strategy's activity range, i.e., start and end date. 4️⃣ Alert Message - Set custom messages for each type of Alert, such as Entry Long, Exit Short, or Change SL Long. 5️⃣ Plot - Choose whether to show Long and Short positions on the chart. 🔷 Risk Management Settings 1️⃣ Initial Capital - Set the starting capital for the strategy. 2️⃣ Quantity - Choose the entry quantity for each type of position, selecting from: Contracts, USD, Percentage of equity, or percentage of initial capital. 3️⃣ Take Profit - Configure up to 4 Take Profits using one of the following types: %: Percentage from the entry price USD: Distance in dollars Pip: Distance in Pips ATR: Based on ATR multiplier Swing: Uses swing length Risk Reward: Linked to Stop Loss or vice versa 4️⃣ Stop Loss - Set the SL using the same types as TP for maximum flexibility. 5️⃣ Break Even - Automatically modify SL when price hits a TP level, adjusting by % / USD / Pip from entry. 6️⃣ Trailing Take Profit - Activates a dynamic TP when a condition is met, updating it as price evolves (e.g., new highs). 7️⃣ Trailing Stop Loss - Updates SL automatically when the market moves in your favor (e.g., new lows in long trades). 8️⃣ Exit Before End Session - Exit positions a few candles before the session ends to avoid overnight risks. 🔍 How to Use Strategy Tester 🧩 Add the Indicator: Load Strategy Tester onto your chart and connect it to any Cometreon signal generator. ⚙️ Configure Risk Settings: Set up capital, risk, SL/TP parameters, and time filters to match your strategy profile. 🧪 Run the Test: Execute the backtest and analyze the visual + data output for insight. 📊 Optimize and Repeat: Adjust key parameters and re-run until your strategy achieves optimal performance. ☄️ Take your trading to the next level with TradeLab Beta's Strategy Tester this powerful backtesting tool and start optimizing your trading strategies today. 👉 Don't waste any more time and visit the link to get access to all Cometreon indicators.
Pine Script® strategy
by Cometreon
ATR Stop LossThe ATR Stop Loss indicator is designed to assist traders in managing risk by calculating dynamic stop loss levels based on the Average True Range (ATR). By considering market volatility, this tool helps identify optimal stop loss placements for both long and short positions, making it easier for traders to protect their investments and avoid premature exits. Features: Customizable ATR period and multiplier to adapt to different trading strategies and market conditions. Displays stop loss levels directly on the chart for quick decision-making. Works across various timeframes and assets, offering flexible application in diverse trading scenarios. How It Works: The indicator calculates the ATR over a specified period and multiplies it by a user-defined value to plot stop loss levels above or below the current closing price. For long positions, the stop loss level is set below the price, while for short positions, it is set above. These levels help traders set stops that account for current market volatility, reducing the likelihood of getting stopped out by minor fluctuations. Usage: Add the ATR Stop Loss indicator to your chart, customize the ATR period and multiplier as needed, and use the visualized stop loss levels to manage your trades with greater precision and confidence. Disclaimer: The ATR Stop Loss indicator is provided for educational and informational purposes only and should not be construed as financial or investment advice. Trading involves substantial risk and is not suitable for every investor. Users are solely responsible for any trading decisions they make based on the use of this indicator. Past performance is not indicative of future results. Always conduct your own analysis and consult with a qualified financial professional before making any trading decisions. EdgeLab and its creator bear no liability for any financial losses or other damages resulting from the use of this indicator.
Pine Script® indicator
by EdgeLab