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Scalping Tool with Dynamic Take Profit & Stop Loss### **Scalping Indicator: Summary and User Guide** The **Scalping Indicator** is a powerful tool designed for traders who focus on short-term price movements. It combines **Exponential Moving Averages (EMA)** for trend identification and **Average True Range (ATR)** for dynamic stop loss and take profit levels. The indicator is highly customizable, allowing traders to adapt it to their specific trading style and risk tolerance. --- ### **Key Features** 1. **Trend Identification**: - Uses two EMAs (Fast and Slow) to identify trend direction. - Generates **Buy Signals** when the Fast EMA crosses above the Slow EMA. - Generates **Sell Signals** when the Fast EMA crosses below the Slow EMA. 2. **Dynamic Take Profit (TP) and Stop Loss (SL)**: - **Take Profit (TP)**: - TP levels are calculated as a percentage above (for long trades) or below (for short trades) the entry price. - TP levels are **dynamically recalculated** when the price reaches the initial target, allowing for multiple TP levels during a single trade. - **Stop Loss (SL)**: - SL levels are calculated using the ATR multiplier, providing a volatility-based buffer to protect against adverse price movements. 3. **Separate Settings for Long and Short Trades**: - Users can independently enable/disable and configure TP and SL for **Buy** and **Sell** orders. - This flexibility ensures that the indicator can be tailored to different market conditions and trading strategies. 4. **Visual Signals and Levels**: - **Buy/Sell Signals**: Clearly marked on the chart with labels ("BUY" or "SELL"). - **TP and SL Levels**: Plotted on the chart for both long and short trades, making it easy to visualize risk and reward. --- ### **How to Use the Scalping Indicator** #### **1. Setting Up the Indicator** - Apply the indicator to your chart in TradingView. - Configure the input parameters based on your trading preferences: - **Fast Length**: The period for the Fast EMA (default: 5). - **Slow Length**: The period for the Slow EMA (default: 13). - **ATR Length**: The period for the ATR calculation (default: 14). - **Buy/Sell TP and SL**: Enable/disable and set the percentage or ATR multiplier for TP and SL levels. #### **2. Interpreting the Signals** - **Buy Signal**: - When the Fast EMA crosses above the Slow EMA, a "BUY" label appears below the price bar. - The TP and SL levels for the long trade are plotted on the chart. - **Sell Signal**: - When the Fast EMA crosses below the Slow EMA, a "SELL" label appears above the price bar. - The TP and SL levels for the short trade are plotted on the chart. #### **3. Managing Trades** - **Take Profit (TP)**: - When the price reaches the initial TP level, the indicator automatically recalculates the next TP level based on the new close price. - This allows traders to capture additional profits as the trend continues. - **Stop Loss (SL)**: - The SL level is based on the ATR multiplier, providing a dynamic buffer against market volatility. - If the price hits the SL level, the trade is considered closed, and the indicator resets. #### **4. Customization** - Adjust the **Fast Length** and **Slow Length** to suit your trading timeframe (e.g., shorter lengths for scalping, longer lengths for swing trading). - Modify the **ATR Multiplier** and **TP Percentage** to align with your risk-reward ratio. - Enable/disable TP and SL for long and short trades based on your trading strategy. --- ### **Tips for Getting the Best Results** 1. **Combine with Price Action**: - Use the Scalping Indicator in conjunction with support/resistance levels, candlestick patterns, or other technical analysis tools to confirm signals. 2. **Optimize for Your Timeframe**: - For **scalping**, use shorter EMA lengths (e.g., Fast: 5, Slow: 13). - For **swing trading**, use longer EMA lengths (e.g., Fast: 10, Slow: 20). 3. **Adjust Risk Management**: - Use a smaller **ATR Multiplier** for tighter stop losses in low-volatility markets. - Increase the **TP Percentage** to allow for larger price movements in high-volatility markets. 4. **Backtest and Practice**: - Test the indicator on historical data to understand its performance in different market conditions. - Use a demo account to practice trading with the indicator before applying it to live trading. --- ### **Conclusion** The **Scalping Indicator** is a versatile and user-friendly tool for traders who want to capitalize on short-term price movements. By combining trend-following EMAs with dynamic TP and SL levels, it provides a clear and systematic approach to trading. Whether you're a scalper or a swing trader, this indicator can help you identify high-probability setups and manage risk effectively. Customize it to fit your strategy, and always remember to combine it with sound risk management principles for the best results.
Pine Script® Indikator
von TruFREND
1
Buy Signal Only with Multiple Indicators and Stop LossDescription: This custom Pine Script indicator is designed to help traders identify optimal buy signals using a combination of multiple technical indicators. It provides visual markers for entry points, take profit levels, and stop loss, offering a comprehensive tool for decision-making. Features: Buy Signal: Generates a buy signal based on a combination of EMA Cloud, SuperTrend, Zero Lag MACD, QQE, Volume Oscillator, and ATR Bands. Entry Point: Displays a horizontal line at the entry price with a price label, extended to the right for visibility. Take Profit Levels: 1% Take Profit: A dashed red line with a price label for the first take profit level. 2% Take Profit: A dashed orange line with a price label for the second take profit level. Stop Loss: A dotted purple line with a price label to indicate the stop loss level set at 3%. Parameters: EMA Short Length: Adjust the period for the short EMA. EMA Long Length: Adjust the period for the long EMA. ATR Length: Set the length for ATR calculation. Multiplier: Define the factor for the SuperTrend calculation. MACD Length and Signal Length: Configure lengths for MACD and its signal line. RSI Length and Smooth Length: Set parameters for RSI and its smoothing. Volume Lengths: Customize lengths for the volume oscillator. ATR Band Length and Multiplier: Set parameters for ATR Bands. Delay Bars: Specify the number of bars to wait before showing another buy signal. Take Profit Percentages: Adjust percentages for the 1% and 2% take profit levels. Stop Loss Percentage: Set the stop loss percentage. Line Extension Length: Define the number of bars to extend lines. Right Offset Bars: Configure how many bars to offset labels and lines to the right. Usage: Identify Buy Opportunities: The indicator helps identify potential buy signals using multiple indicators. Manage Trades: Visualize entry points, take profit targets, and stop loss levels to manage trades effectively. Customization: Tailor the indicator to fit your trading strategy by adjusting the parameters. Notes: This is what we call version 1. Ensure that the indicator's settings align with your trading strategy and market conditions.Use in conjunction with other analysis tools for a comprehensive trading approach.
Pine Script® Indikator
von Disjournals
SMA + Trend Strength + Trailing Stop LossThe 'SMA + Trend Strength + Trailing Stop Loss' indicator was designed for swing trading long positions over the course of days/weeks. The benefit of the indicator is to identify areas where the market of a given asset is showing signs of a strong uptrend, divergences, and fear. A 13-bar simple moving average is color coded to four colors based on 5 given conditions at a time, which are represented as a trend meter on the bottom right of the screen. A trailing stop loss indicator is included to secure your profits or limit your loss in case the market reverses on you unexpected. Please use this indicator responsibly with proper risk management, and never rely on the indicator by itself for buy and sell signals. When the simple moving average color is green, it means that at least 4 of 5 conditions are confirming a move upwards, this is when you can take an entry into a trade based on your entry strategy. As the trend continues, the color will eventually change to yellow signaling a divergence. This is when you can use your exit strategy to find a good point to sell. It is wise not to take new positions when the color is trending yellow. If the color changes from yellow to orange, that is a warning sign that the trend is about to change or has begun to change. Prices may have already fallen. However, sometimes the color will change from yellow back to green signaling a continuation of the trend. You can either keep holding or take a new position in this instance. When the color is red, this signals fear in the market, you should stay out of the market at first. However, as the market consolidates and the color starts changing back to orange, this is an opportunity to take a long position at a reasonably low price. Simple Moving Average (13-Bar) Color Explanation: The colors change based on 5 market conditions represented in the trend meter. Green: Strong Uptrend Yellow: Divergence Present Orange: Warning Red: Fear Trend Meter Explanation: The trend meter draws 5 arrows indicating bullish or bearish presence. LL = Lower Lows - Detects when the market is trending with lower lows. HH = Higher Highs - Detects when the market is trending with higher highs. MA = SMA Direction - A formula is used to determine the direction of the SMA. DI = Directional Index - Identifies when upwards momentum is trending. RSI = Relative Strength Index - Identifies when the RSI is in an uptrend state. Note: For advanced users, this indicator has a hidden DMI(4, 4, 4) and RSI(14) indicator used to determine the last two conditions. The Directional Index is based on a DI Plus momentum moving average to determine a momentum trend and the RSI trending over 50 will constitute an uptrend signal as below 50 it will point down. Trailing stop loss: The trailing stop loss is determined based on the lowest price of the last 8 bars. A gray step-line is drawn at the suggested stop activation price. A red step-line is drawn at the suggested stop limit price. When the price breaches the trailing stop, a red X will appear below the bar. You can turn each of these features on or off based on your preference. Happy trading!
Pine Script® Indikator
von NoobPro1
14
Liquidity VisualizerThe "Liquidity Visualizer" indicator is designed to help traders visualize potential areas of liquidity on a price chart. In trading, liquidity often accumulates around key levels where market participants have placed their stop orders or pending orders. These levels are commonly found at significant highs and lows, where traders tend to set their stop-losses or take-profit orders. The indicator aims to highlight these areas by drawing unbroken lines that extend indefinitely until breached by the price action. Specifically, this indicator identifies and marks pivot highs and pivot lows, which are price levels where a trend changes direction. When a pivot high or pivot low is formed, it is represented on the chart with a horizontal line that continues to extend until the price touches or surpasses that level. The line remains in place as long as the level remains unbroken, which means there is potential liquidity still resting at that level. The concept behind this indicator is that liquidity is likely to be resting at unbroken pivot points. These levels are areas where stop-loss orders or pending buy/sell orders may have accumulated, making them attractive zones for large market participants, such as institutions, to target. By visualizing these unbroken levels, traders can gain insight into where liquidity might be concentrated and where potential price reversals or significant movements could occur as liquidity is taken out. The indicator helps traders make more informed decisions by showing them key price levels that may attract significant market activity. For instance, if a trader sees multiple unbroken pivot high lines above the current price, they might infer that there is a cluster of liquidity in that area, which could lead to a price spike as those levels are breached. Similarly, unbroken pivot lows may indicate areas where downside liquidity is concentrated. In summary, this indicator acts as a "liquidity visualizer," providing traders with a clear, visual representation of potential liquidity resting at significant pivot points. This information can be valuable for understanding where price might be drawn to, and where large movements might occur as liquidity is targeted and removed by market participants.
Pine Script® Indikator
von MHermes
1
Safe Scalpy Stop Loss. Percentage from price visualizer.This is my first script I have published so bear with me. I have thrown this together so you can easily see on the chart where -0.5%, -1% and -2% would be from the last candle close. I also replicated these to show positive values in case you are shorting. I have also added a custom value setting so you can set the line at whatever percentage value you like and included an adjustable recent higher high and higher low finder to help create a recent range as it seems to work well in tandem for scalping range based price movement. You can turn all these things on and off in the settings on the style checkboxes. I felt the need to make this because I like to scalp trade with leverage like a total degen from time to time. Often the setups happen very quickly. It is difficult to calculate where to set a stop loss in a hurry so I keep a fixed account size/lev and just vary the position percentage size based on the percentage of the stop loss from the current price. Sometimes when switching from a lower volatility chart to high volatility one it is easy to get caught out by quickly entering a scalp trade only to find you made your position way too big or you shouldn't have entered at all. You thought it was only moving 0.2% per candle instead of 3%. Whoops. Rekt. This indicator is all about trying to help me avoid that with a visual clue to back up the bad maths I do quickly in my head. I often hide it and only show it when I'm ready to enter a position to double check my SL and entry are set in a sensible area. I thought I would publish it in case someone else finds such a simple tool handy. Apologies if there is already something out there that does this job. I couldn't find it. See you all on the moon.
Pine Script® Indikator
von Mrgalaxy
3
PG ATR based Stop LossA stoploss system that enables traders to exit with limited loss or even trailing loss. Use the levels of indicator against the candle that has seen signidicant move for running positions and the candle in which a new position is taken. Example : For long Nifty Future at 14990 levels, when Indicator is showing 14820 at bottom on a 30 min chart, 14820 can be used as a stop loss, similarly for short conditions upper values above top of he candle will be followed. For medium term ongoing positions, use the levels marked against candle that offered a major move, or the candles that has put the underlying in a new price zone or range. 15-30 minutes are suitable period for intraday / short term trades. Two hours or day periods can be used for positional trades. **Queries are welcme.**
Pine Script® Indikator
von ipuneet
Step-Based Trailing Stop-Loss IndicatorThis indicator is built for momentum traders who want to maximize winning trades and minimize losses through a smart, step-based trailing stop-loss system. Instead of using a fixed Take Profit, this tool dynamically protects profits once the trade reaches a favorable RR (Risk-to-Reward) level. How It Works: Manual Entry Input You enter your Entry Price and select Buy/Sell in the settings. This flexibility allows backtesting or live trade tracking. Initial Setup Default SL: 50 ticks(Tested on us30,but works on any pair you just need to adjust SL) TP for reference: 4R — can be used for benchmarking, but we don't limit profits with a hard TP. Trailing Logic Once price reaches 3R in profit: The SL begins trailing. It starts at 2R, keeping a 1R cushion behind the max profit. For every 0.5R gain, SL also moves up by 0.5R: Example: At 3.5R → SL is at 2.5R At 5.0R → SL is at 4.0R This trailing continues until the SL is hit or the trend exhausts. Chart Features 🟧 Entry Line 🔴 Initial SL 🟢 Reference TP (4R, optional) 🟣 Dynamic Trailing SL 🏷️ Labels for Entry & SL levels
Pine Script® Indikator
von monikatkalcec47
Smart Dynamic Stop Loss (SDSL) IndicatorSmart Dynamic Stop Loss (SDSL) Indicator The Smart Dynamic Stop Loss (SDSL) Indicator creates a stop loss level that dynamically adapts to market conditions. How It Works / How To Calculate: 1. **Initialization**: The indicator initially sets a stop loss level at a specified percentage (default 2%, user-adjustable) below the current price. 2. **Upward Movement**: As the price rises, the stop loss level moves up as well. However, it always remains at the specified percentage below the highest price reached. This allows the price room to move while protecting gains. 3. **Downward or Sideways Movement**: When the price falls or moves sideways, the stop loss level remains static. This prevents premature exits during minor pullbacks or consolidations. 4. **Price Crosses Below Stop Loss**: If the price drops below the stop loss level, the indicator resets. It sets a new stop loss level at the specified percentage below the low of the candle where the crossover occurred. 5. **Continuous Adaptation**: This process repeats across the entire chart, constantly adjusting to price movements. note: When the price intersects with the dynamic stop loss line, it resets at 2% below the candle's lowest value (this is the default value, but it can be adjusted by the user) Key Features - **User-Configurable**: The stop loss percentage can be adjusted by the user. - **Visual Alerts**: The indicator plots the stop loss line on the chart. - **Triggered Signals**: Optional visual signals are displayed when the stop loss is triggered. - **Information Display**: A data box shows the current stop loss level. Usage 1. Apply the indicator to the chart. 2. Adjust the stop loss percentage if desired (default is 2%). 3. Monitor the dynamic stop loss level. 4. Watch for visual alerts for potential signals.
Pine Script® Indikator
von bariskurt007
Apex Edge Sentinel - Stop Loss HUDApex Edge – ATR Sentinel Stop Loss HUD The Apex Edge – ATR Sentinel is a complete stop-loss intelligence system built as a clean, always-on HUD. It delivers institutional-level risk guidance by calculating and displaying live ATR-based stop levels for both long and short trades at multiple risk tolerances. Forget cluttered charts and repainting lines — Sentinel gives you a clear stop-loss reference panel that updates dynamically with every bar. ✅ Features • Triple ATR Multipliers User-defined (e.g. x1.5 / x2.0 / x2.5). Compare tight, medium, and wide stops instantly. • Dual-Side SL Levels Both Long and Short safe stop prices displayed side by side. No more guessing trend bias. • ATR Transparency HUD shows ATR(length) so you always know the calculation basis. Default = 14, adjustable to your style. • ATR Regime Meter Detects volatility conditions (LOW / NORMAL / HIGH) by comparing ATR to its SMA. Helps you avoid over-tight stops in high-volatility markets. • Tick-Aware Rounding Stop levels auto-rounded to the instrument’s tick size (Gold = 0.10, FX = 0.0001, indices = whole points). Custom HUD Design • Location: Top/Bottom, Left/Right • Sizes: Compact / Medium / Large (desktop or mobile) • Opacity control (25% default Apex styling) How to Use 1. Load Sentinel on your chart. 2. Check the HUD: • ATR(14): 2.6 → base volatility measure. • x1.5 / x2.0 / x2.5 → instant SL levels for both long & short trades. 3. Before entering a trade → decide which multiplier matches your style (tight scalper vs wider swing). 4. Manually place your SL at the level displayed in the HUD. Sentinel works as both: • A pre-trade check (is ATR stop too wide for my RR?). • A live risk compass (updated stop levels every bar). Why Apex Sentinel? Most ATR stop indicators clutter charts with lagging lines or repainting trails. Sentinel strips it back to what matters: • The numbers. • The risk levels. • The context. It’s a pure stop-loss HUD, designed for serious traders who want clarity, discipline, and instant reference points across any market or timeframe. Notes • This is a HUD-only system (no automatic SL line). Traders manually apply the SL level shown in the panel. • Defaults: ATR(14), multipliers 1.5 / 2.0 / 2.5. Adjust to your trading style. • Best used on intraday pairs like XAUUSD, EURUSD, indices, but works universally. Apex Edge Philosophy: Clean. Smart. Institutional. No clutter. No gimmicks. Just precision tools for modern markets.
Pine Script® Indikator
von ApexEdge
Dynamic Stop Loss Optimizer [BackQuant]Dynamic Stop Loss Optimizer Overview Stop placement decides expectancy. This tool gives you three professional-grade, adaptive stop engines, ATR, Volatility, and Hybrid. So your exits scale with current conditions instead of guessing fixed ticks. It trails intelligently, redraws as the market evolves, and annotates the chart with clean labels/lines and a compact stats table. Pick the engine that fits the trade, or switch on the fly. What it does Calculates three adaptive stops in real time (ATR-based, Volatility-based, and Hybrid) and keeps them trailed as price makes progress. Shows exactly where your risk lives with on-chart levels, color-coded markers (long/short), and precise “Risk %” labels at the current bar. Surfaces context you actually use - current ATR, daily volatility, selected method, and the live stop level—in a tidy, movable table. Fires alerts on stop hits so you can automate exits or journal outcomes without staring at the screen. Why it matters Adaptive risk control: Stops expand in fast tape and tighten in quiet tape. You’re not punished for volatility; you’re aligned with it. Consistency across assets: The same playbook works whether you’re trading indexes, FX, crypto, or equities, because the engine normalizes to each symbol’s behavior. Cleaner decision-making: One chart shows your entry idea and its invalidation in the same breath. If price trespasses, you know it instantly. The three methods (choose your engine) 1) ATR Based “Structure-aware” distance This classic approach keys off Average True Range to set a stop just beyond typical bar-to-bar excursion. It adapts smoothly to changing ranges and respects swing structure. Use when: you want a steady, intuitive buffer that tracks trend legs without hugging price. See it in action: 2) Volatility Based “Behavior-aware” distance This engine derives stop distance from current return volatility (annualized, then scaled back down to the session). It reacts to regime shifts quickly and normalizes risk across symbols with very different prices. Use when: you want the stop to breathe with realized volatility and respond faster to heat-ups/cool-downs. See it in action: 3) Hybrid “Best of both worlds” The Hybrid blends the ATR and Volatility distances into one consensus level, then trails it intelligently. You get the structural common sense of ATR and the regime sensitivity of Vol. Use when: you want robust, all-weather behavior without micromanaging inputs. See it in action: How it trails Longs: The stop ratchets up with favorable movement and holds its ground on shallow pullbacks. If price closes back into the risk zone, the level refreshes to the newest valid distance. Shorts: Mirror logic ratchets down with trend, resists noise, and refreshes if price reclaims the zone. Hybrid trailing: Uses the blended distance and the same “no give-backs” principle to keep gains protected as structure builds. Reading the chart Markers: Circles = ATR stops, Crosses = Vol stops, Diamonds = Hybrid. Colors indicate long (red level under price) vs short (green level above price). Lines: The latest active stop is extended with a dashed line so you can see it at a glance. Labels: “Long SL / Short SL” shows the exact price and current risk % from the last close no math required. Table: ATR value, Daily Vol %, your chosen Method, the Current SL, and Risk %—all in one compact block that you can pin top-left/right/center. Quick workflow Define the idea: Long or Short, and which engine fits the tape (ATR, Vol, or Hybrid). Place and trail: Let the optimizer print the level; trail automatically as the move develops. Manage outcomes: If the line is tagged, you’re out clean. If it holds, you’ve contained heat while giving the trade room to work. Inputs you’ll actually touch Calculation Settings ATR Length / Multiplier: Controls the “structural” cushion. Volatility Length / Multiplier: Controls the “behavioral” cushion. Trading Days: 252 or 365 to keep the volatility math aligned with the asset’s trading calendar. Stop Loss Method ATR Based | Volatility Based | Hybrid : Switch engines instantly to fit the trade. Position Type Long | Short | Both : Show only what you need for the current strategy. Visual Settings Show ATR / Vol / Hybrid Stops: Toggle families on/off. Show Labels: Print price + Risk % at the live stop. Table Position: Park the metrics where you like. Coloring Long/Short/Hybrid colors: Set a palette that matches your theme and stands out on your background. Practical patterns to watch Trend-pullback continuation: The stop ratchets behind higher lows (long) or lower highs (short). If price tests the level and rejects, that’s your risk-defined continuation cue. Break-and-run: After a clean break, the Hybrid will usually sit slightly wider than pure Vol, use it to avoid getting shaken on the first retest. Range compression: When the ATR and Vol distances converge, the table will show small Risk %. That’s your green light to size up with the same dollar risk, or keep it conservative if you expect expansion. Alerts Long Stop Loss Hit : Notifies when price crosses below the live long stop. Short Stop Loss Hit : Notifies when price crosses above the live short stop. Why this feels “set-and-serious” You get a single look that answers three questions in real time: “Where’s my line in the sand?”, “How much heat am I taking right now?”, and “Is this distance appropriate for current conditions?” With ATR, Vol, and Hybrid in one tool, you can run the exact same playbook across symbols and regimes while keeping your chart clean and your risk explicit.
Pine Script® Indikator
von BackQuant
2
NQ Position Size CalculatorNQ Position Size Line Calculator is designed specifically for Nasdaq 100 futures (NQ) and micro futures (MNQ) traders who want to maintain disciplined risk management. This visual tool eliminates the guesswork from position sizing by displaying distance lines and contract calculations directly on your chart. The indicator creates horizontal lines at 10-tick intervals from your stop loss level, showing you exactly how many contracts to trade at each distance to maintain your predetermined risk amount. Whether you're trading regular NQ contracts or micro MNQ contracts, this calculator ensures you never risk more than intended while providing instant visual feedback for optimal position sizing decisions. How to Use the Indicator Step 1: Configure Your Settings Stop Loss Price: Enter your exact stop loss level (e.g., 20000.00) Risk Amount ($): Set your maximum dollar risk per trade (e.g., $500) Contract Type: Choose between: NQ (Regular): $5 per tick - for larger accounts MNQ (Micro): $0.50 per tick - for smaller accounts or conservative sizing Display Options: Max Lines: Number of distance lines to show (default: 30) Show Labels: Toggle tick distance and contract count labels Line Color: Customize the color of distance lines Label Size: Choose tiny, small, or normal label sizes Step 2: Read the Visual Display Once configured, the indicator displays: Stop Loss Line: Thick yellow line marking your exact stop loss level Yellow label showing the stop loss price Distance Lines: Dashed red lines at 10-tick intervals above and below your stop loss Lines appear on both sides for long and short position planning Labels (if enabled): Green labels (right side): For long positions above your stop loss Red labels (left side): For short positions below your stop loss Format: "20T 5x" means 20 ticks distance, 5 contracts maximum Step 3: Use the Information Tables The indicator provides two helpful tables: Position Size Table (top-right): Shows common tick distances (10, 20, 40, 80, 160 ticks) Displays risk per contract at each distance Contract count for your specified risk amount Total risk with rounded contract numbers Settings Table (bottom-right): Confirms your current risk amount Shows selected contract type Displays current settings for quick reference Step 4: Apply to Your Trading For Long Positions: Look at the green labels on the right side of your chart Find your desired entry level Read the label to see: distance in ticks and maximum contracts Example: "30T 8x" = 30 ticks from stop, buy 8 contracts maximum For Short Positions: Look at the red labels on the left side of your chart Find your desired entry level Read the label for tick distance and contract count Example: "40T 6x" = 40 ticks from stop, sell 6 contracts maximum Step 5: Trading Execution Before Entering a Trade: Identify your stop loss level and input it into the indicator Choose your entry point by looking at the distance lines Note the contract count from the corresponding label Verify the risk amount matches your trading plan Execute your trade with the calculated position size Risk Management Features: Contract rounding: All position sizes are rounded down (never up) to ensure you don't exceed your risk limit Zero position filtering: Lines only show where position size is at least 1 contract Dual-sided display: Plan both long and short opportunities simultaneously
Pine Script® Indikator
von birdmanx
2
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® Indikator
von HyprZero
Wx Stop Loss BetaWx Stop Loss Beta is an adaptive stop-loss overlay intended for discretionary entry management in medium- to long-term trades. It integrates a volatility filter, support-based logic, and capital protection constraints. • Manual Entry Price: User inputs their actual entry point • Volatility Anchor: Stop-loss adjusts using ATR (customizable length and multiplier) • Support Reference: Based on swing low over a configurable lookback period • Loss Cap: Maximum allowable loss percentage from entry price (hard floor) • Trailing Logic: Stop-loss only moves upward (never lowers), adapting to favorable price action • Output: Displays a horizontal line at the stop-loss level and renders its value in the data window Warning: This tool is experimental and has not been formally backtested. It is provided as-is for manual strategy enhancement. Use at your own discretion, and validate thoroughly in a paper or sandbox environment before relying on it in live trading. Feedback and critique are encouraged.
Pine Script® Indikator
von WesPX
Dynamic Stop Loss & Take ProfitDynamic Stop Loss & Take Profit is a versatile risk management indicator that calculates dynamic stop loss and take profit levels based on the Average True Range (ATR). This indicator helps traders set adaptive exit points by using a configurable ATR multiplier and defining whether they are in a Long (Buy) or Short (Sell) trade. How It Works ATR Calculation – The indicator calculates the ATR value over a user-defined period (default: 14). Stop Loss and Take Profit Multipliers – The ATR value is multiplied by a configurable factor (ranging from 1.5 to 4) to determine volatility-adjusted stop loss and take profit levels. Trade Type Selection – The user can specify whether they are in a Long (Buy) or Short (Sell) trade. Long (Buy) Trade: Stop Loss = Entry Price - (ATR × Stop Loss Multiplier) Take Profit = Entry Price + (ATR × Take Profit Multiplier) Short (Sell) Trade: Stop Loss = Entry Price + (ATR × Stop Loss Multiplier) Take Profit = Entry Price - (ATR × Take Profit Multiplier) Features Configurable ATR length and multipliers Supports both long and short trades Clearly plotted Stop Loss (red) and Take Profit (green) levels on the chart Helps traders manage risk dynamically based on market volatility This indicator is ideal for traders looking to set adaptive stop loss and take profit levels without relying on fixed price targets.
Pine Script® Indikator
von criptoblast2
ATR Band, Stop loss , Take Profit Lines, and Pip Distance# ATR Band, Take Profit Lines, and Pip Distance Indicator This indicator helps traders identify potential stop loss and take profit levels using Average True Range (ATR) bands and custom multipliers. It provides a visual representation of these levels and calculates the pip distance to stop loss, aiding in risk management and trade planning. ## Key Features: - ATR-based upper and lower bands for potential stop loss levels - Two take profit levels above and below the ATR bands - Customizable ATR period and multipliers for bands and take profit levels - Pip distance calculation to stop loss levels - Adjustable colors for all elements ## How to Use: 1. The ATR bands (blue and red lines) suggest potential stop loss levels. 2. Take profit levels are shown as green lines above and below the ATR bands. 3. Labels display the pip distance from the current or last close to the stop loss levels. ## Customization: - Adjust the ATR period and multipliers to fit your trading style - Customize colors for better visibility on your chart - Choose between current candle or last close for pip distance calculation Remember, this indicator is for informational purposes only. Always manage your risk carefully and consider using it in conjunction with other analysis tools and your trading strategy. Good luck with your trading!
Pine Script® Indikator
von GoldForexDoc
Risk Management GO8686: Stop Loss, Position Size & TargetFull Name: Risk Management GO8686: Stop Loss, Position Size & Target What this indicator provides: A dashboard to calculate Stop Loss, Position Size and Target, where users can customize Risk Management parameters in the setting. Position Size: calculated from "initialCapital", "Leverage", "Max Loss", "feeMaker", "feeTaker". Stop Loss Price: using pivots, default length is set to 3, with an extra ATR value controlled by "'Multiplier OF Extra ATR". Target: calculated from entry price, risk reward, distance between entry and stop loss, fees What the indicator does Not provides: entries of positions: The Long/Short entries displayed are just MACD signal crossing zero, users can apply their own entry logic, by modifying ready2L / ready2S variables. What the indicator does Not guarantee: the integrity, timeliness, accuracy, and comprehensiveness of the data, calculation method, calculation results, etc. Two types labels: 1. Automated labels: they are displayed when MACD signal crossing zero, use "Display History Labels" to toggle display or not. 2. Setup Manually label: located at the right side of the latest bar, to display results when users setup manually The settings of the indicator: "Toggle to Reload", "InitialCapital", "Leverage", "Max Loss % per trade", "feeMaker", "feeTaker", 4 length inputs for Pivot, "Multiplier of Extra ATR for stop loss", "Toggle To setup manually", "Toggle between Long / Short", "Entry Price, set manually", "Stop Loss Price, set manually", "Risk-Reward Ratio" "Display History Labels" ---------- Disclaimer ---------- Before using or requesting access to the indicator, customers/users acknowledge that they have read and accepted that the indicator, any associated contents on all social medias and any communication with the indicator author, including but not limited to: product and service details, signals, alerts, data, calculation methods, calculation results, user manual, tutorials, ideas, videos, chats, messages, emails, blogs, tweets, etc. are provided solely for educational purpose and Not as financial advice. Customers/users understand and agree to use the aforementioned indicator and information at their own risk. ---------- Updates ---------- The latest updates override the previous content. To activate a update, if it does not load as expected: close the indicator, save the chart, clear browser caches, restart the browser, reload the chart and apply the indicator to the chart.
Pine Script® Indikator
von go8686
Trail Blaze - (Multi Function Trailing Stop Loss) - [mutantdog]Shorter version: As the title states, this is a 'Trailing Stop' type indicator, albeit one with a whole bunch of additional functionality, making it far more versatile and customisable than a standard trailing stop. The main set of features includes: Three independent trailing types each with their own +/- multipliers: - Standard % change - ATR (aka Supertrend) - IQR (inter-quartile range) These can be used in isolation or summed together. A subsequent pair of direction specific multipliers are also included. Two separate custom source inputs are available, both feature the standard options alongside a selection of 'weighted inputs' and the option to use another indicator (selected via 'AUX'): - 'Centre' determines the value about which the trailing sum will be added to define the stop level. - 'Trigger' determines the value used for crossing of stops, initiating trend changes and triggering alerts. A selection of optional filters and moving averages are available for both. Furthermore there are various useful visualisation options available, including the underlying bands that govern the stop levels. Preset alerts for trend reversals are also included. This is not really an 'out-of-the-box' indicator. Depending upon the market and timeframe some adjustments will be necessary for it to function in a useful manner, these can be as simple or complex as the feature-set allows. Basic settings are easy to dial in however and the default state is intended as a good starting point. Alternatively with some experimentation, a plethora of unique and creative configurations are possible, making this a great tool for tweaking. Below is a more detailed overview followed by a bunch of simple example settings. ------------------------ Lengthy Version : DESIGN & CONCEPT Before we start breaking this down, a little background. This started off as an attempt to improve upon the ever-popular Supertrend indicator. Of course there are many excellent user created variants available utilising some interesting methods to overcome the drawbacks of the basic version. To that end, rather than copying the work of others, the direction here shifted towards a hybrid trailing stop loss with a bunch of additional user customisation options. At some point, a completely different project involving IQR got morphed into this one. After sitting through months of sideways chop (where this proved to be of limited use), at the time of publication the market has began to form some near term trend direction and it appears to be performing well in many different timeframes. And so with that out of the way... INPUTS The standard Supertrend (and most other variants) includes a single source input, as default set to 'hl2' (candle mid-range). This is the centre around which the atr bands are added/subtracted to govern the stop levels. This is not however the value which is used to trigger the trend reversal, that is usually hard-coded to 'close'. For this version both source values are adjustable: labelled 'centre' and 'trigger' respectively. Each has custom input selectors including the usual options, a selection of 'weighted inputs' and the option to use another indicator (selected from the Aux input). The 'weighted inputs' are those introduced in Weight Gain 4000, for more details please refer to that listing. These should be treated as experimental, however may prove useful in certain configurations. In this case 'hl-oc2' can be considered an estimate of the candle median and may be a good alternative to the default 'centre' setting of 'hl2', in contrast 'cc-ohlc4' can tend to favour the extremes in the trend direction so could be useful as a faster 'trigger' than the default 'close'. To cap them off both come with a selection of moving average filters (SMA, EMA, WMA, RMA, HMA, VWMA and a simple VWEMA - note: not elastic) aswell as median and mid-range. 'Centre' can also be set to the output of 'trigger' post-filter which can be useful if working with fast/slow crosses as the basis. DYNAMICS This is the main section, comprised of three separate factors: 'TSL', 'ATR' and 'IQR'. The first two should be fairly obvious, 'TSL' (trailing stop loss) is simply a percentage of the 'centre' value while 'ATR' (average true range) is the standard RMA-based version as used in Supertrend, Volatility Stop etc. The third factor is less common however: 'IQR' (inter-quartile range). In case you are unfamiliar the principle here is, for a given dataset, the greatest 25% and smallest 25% of samples are removed. The remainder is then treated as a set and the range is calculated by highest - lowest. This is a commonly used method in statistical analysis, by removing the extremes it is less prone to influence by outliers and gives a good representation of the main dispersion around the median. In practise i have found it can be a good alternative to ATR, translating better across multiple time-frames due to it representing a fraction of the total range rather than an average of per-candle range like ATR. Used in combination with the others it can also add a factor more representative of longer-term/higher-timeframe trend. By discarding outliers it also benefits from not being impacted by brief pumps/volatility, instead responding only to more sustained changes in trend, such as rallies and parabolic moves. In order to give an accurate result the IQR is calculated using a dataset of high, low and hlcc4 values for all bars within the lookback length. Once calculated this value is then halved which, strictly speaking, makes it a semi-interquartile range. All three of these components can be used individually or summed together to create a hybrid dynamics factor. Furthermore each multiplier can be set to both positive and negative values allowing for some interesting and creative possibilities. An optional smoothing filter can be applied to the sum, this is a basic SWMA-4 which is can reduce the impact of sudden changes but does incur a noticeable lag. Finally, a basic limiter condition has been hard-coded here to prevent the sum total from ever going below zero. Capping off this section is a pair of direction multipliers. These simply take the prior dynamics sum and allow for further multiplication applied only to one side (uptrend/lo-stop and downtrend/hi-stop). To see why this is useful consider that markets often behave differently in each direction, we've all seen prices steadily climb over several weeks and then abruptly dump in the process of a day or two, shorter time frames are no stranger to this either. A lack of downside liquidity, a panicked market, aggressive shorts. All these things contribute to significant differences in downward price action. This function allows for tighter stops in one direction compared to the other to reflect this imbalance. VISUALISATIONS With all of these options and possibilities, some visual aids are useful. Beneath the dynamics' section are several visual options including both sources post-filter and the actual 'bands' created by the dynamics. These are what govern the stop levels and seeing them in full can help to better understand what our various configurations actually do. We can even hide the stop levels altogether and just use the bands, making this a kind of expanded Keltner Channel. Here we can also find colour and opacity settings for everything we've discussed. EXAMPLES The obvious first example here is the standard %-change trailing stop loss which, from my experience, tends to be the best suited for lower time frames. Filtering should probably minimal here. In both charts here we use the default config for source inputs, the top is a standard bi-directional setup with 1.5% tsl while the bottom uses a 2.5% tsl with the histop multiplier reduced to 0 resulting in an uptrend only stoploss. Shown here in grey is the standard Supertrend which uses 'hl2' as centre and 'close' as trigger, ATR(10) multiplied by 3. On top we have the default filtered source config with ATR(8) multiplied by 2 which gives a different yet functionally similar result, below is the same source config instead using IQR(12) multiplied by 2. Notice here the more 'stepped' response from IQR following the central rally, holding back for a while before closing in on price and ultimately initiating reversal much sooner. Unlike ATR, the length parameter for IQR is absolute and can more significantly affect its responsiveness. Next we focus on the visualisation options, on top we have the default source config with ATR(8) multiplied by 2 and IQR(12) multiplied by 1. Here we have activated the switch to show 'bands', from this we can see the actual summed dynamics and how it influences the stop levels. Below that we have an altogether different config utilising the included filters which are now visible. In this example we have created a basic 8/21 EMA cross and set a 1% TSL, notice the brief fakeout in the middle which ordinarily might indicate a buy signal. Here the TSL functions as an additional requirement which in this case is not met and thus no buy signal is given. Finally we have a couple of more 'experimental' examples. On top we have Lazybear's 'Variable Moving Average' in white which has been assigned via 'aux' as the centre with no additional filtering, the default config for trigger is used here and a basic TSL of 1.5% added. It's a simple example but it shows how this can be applied to other indicators. At the bottom we return to the default source config, combining a TSL of 8% with IQR(24) multiplied by -2. Note here the negative IQR with greater length which causes the stop to close in on price following significant deviations while otherwise remaining fairly wide. Combining positive and negative multiples of each factor can yield mixed results, some more useful than others depending upon suitable market conditions. Since this has been quite lengthy, i shall leave it there. Suffice to say that there are plenty more ways to use this besides these examples. Please feel free to share any of your own ideas in the comments below. Enjoy.
Pine Script® Indikator
von mutantdog
20