Trader Marks Trailing SL + TP (BE @ 60%)

This script provides a unique stop-loss and take-profit management tool designed for swing traders.
It introduces a two-stage stop-loss logic that is not available in standard TradingView tools:

Break-Even Protection: Once a defined profit threshold (e.g. 66%) is reached, the stop-loss automatically moves to break-even.

ATR-Based Trailing Stop: After a chosen delay (e.g. 12 hours), the script activates a dynamic trailing stop that follows market volatility using the ATR.

Flexible Ratchet Mechanism: The stop-loss can be locked at new profit levels and will never move backwards.

This combination allows traders to secure profits while still giving the trade room to develop. The indicator is especially useful for swing trading on 4H and daily timeframes but can be applied to other styles as well.

How to use:

Enter your entry price, stop-loss, and take-profit levels.

Choose your trailing mode: Exact S/L+ (simple) or Advanced (Delay + BE + Ratchet).

Adjust parameters such as ATR length or activation delay to match your strategy.

The script helps you balance risk and reward by ensuring that once the trade moves in your favor, you cannot lose the initial risk, while still benefiting from extended market moves.