ATR Stop Loss & 3 TP Finder

14 de mar.

ATR Stop Loss & 3 TP Finder - By SeehraSingh

This indicator is designed to help traders automate Stop Loss (SL) and Take Profit (TP) placement based on the Average True Range (ATR). It dynamically calculates:

Stop Loss (SL): Set based on a user-defined ATR multiplier.
Three Take Profit (TP) levels: Configurable ATR multipliers for TP1, TP2, and TP3.
Customizable Price Sources: Allows traders to choose different price sources (Open, High, Low, Close, HL2, HLC3, OHLC4, HLCC4) for both SL and TP calculations.
Visual Representation: Plots dashed lines for Entry, SL, TP1, TP2, and TP3.
Table Display: Provides an easy-to-read table at the bottom showing SL, TP1, TP2, and TP3 values.


How It Works:

Select ATR length and smoothing type (RMA, SMA, EMA, WMA).
Set ATR multipliers for SL and TP levels.
Choose the price source for SL and TP calculations.
The indicator automatically plots entry, SL, and three TP levels on the chart.

Ideal For:

Traders who use ATR-based dynamic Stop Loss and Take Profit strategies.
Those who want to avoid fixed SL/TP placements and prefer volatility-based risk management.
Scalpers, Swing Traders, and Position Traders looking for automated SL/TP visualization.


Disclaimer

⚠️ Trading involves risk. This indicator is for educational purposes only and should not be considered financial advice. Always conduct your own analysis before entering any trade. The author is not responsible for any financial losses incurred while using this tool. Past performance does not guarantee future results.

14 de mar.

Notas de Lançamento

This indicator is designed to automate Stop Loss (SL) and Take Profit (TP) placement based on the Average True Range (ATR). It dynamically calculates:

Stop Loss (SL): Based on a user-defined ATR multiplier.
Three Take Profit (TP) levels: Configurable ATR multipliers for TP1, TP2, and TP3.
Customizable Price Sources: Choose different price sources (Open, High, Low, Close, HL2, HLC3, OHLC4, HLCC4) for both SL and TP calculations.
Real-Time Price Tracking: Displays a live price line with a floating label showing the current price.
Visual Representation: Plots dashed lines for Entry, SL, TP1, TP2, and TP3.
Price Labels: Clearly marks SL, TP1, TP2, and TP3 levels with real-time price values for better clarity.

How It Works:

Select ATR length and smoothing type (RMA, SMA, EMA, WMA).
Set ATR multipliers for SL and TP levels.
Choose the price source for SL and TP calculations.
The indicator automatically plots:

A Stop Loss Line with Label (Red).
Three Take Profit Levels with Labels (TP1: Green, TP2: Blue, TP3: Orange).
A real-time Price Line with a Floating Label (White).
No duplicate labels—only the most recent SL/TP levels are shown.

Ideal For:

Traders who use ATR-based dynamic Stop Loss and Take Profit strategies.
Those who want to avoid fixed SL/TP placements and prefer volatility-based risk management.
Scalpers, Swing Traders, and Position Traders looking for automated SL/TP visualization.

Features:

✅ Fully customizable ATR-based SL & TP calculations
✅ Real-time price tracking with a floating price label
✅ Price values displayed in SL, TP1, TP2, and TP3 labels
✅ Automatically removes old labels to prevent clutter
✅ Perfect for all trading styles: Scalping, Swing Trading, and Position Trading


Disclaimer:

⚠️ Trading involves significant risk. This indicator is for educational purposes only and should not be considered financial advice. Always conduct your own analysis before entering any trade. The author is not responsible for any financial losses incurred while using this tool. Past performance does not guarantee future results. Trade responsibly.