PROTECTED SOURCE SCRIPT
Profit/Loss Helper
Hi guys, just a quick little indicator based on the ATR to help you set some profit and stop targets. This is NOT financial advice, just a simple indicator that will attempt to another indicator to consult when placing those stop and profit orders.
The indicator will give you the an average stop loss target based on a 2:1 risk reward ratio based on the current timeframe. The first profit target adheres to the 2:1 ratio and should be respected in sideways markets. The following two TPs will give you an indication of what more probable targets will be if you think that the asset is poised to move further.
Further to help with your analysis, the indicator will provide you 4 metrics from different timeframes also based on the ATR and the most probable size of the moves we may see in price. Again this is purely based on the ATR and nothing fancy so take it with a grain of salt and may it help you bring another check when placing orders on the market.
The indicator will give you the an average stop loss target based on a 2:1 risk reward ratio based on the current timeframe. The first profit target adheres to the 2:1 ratio and should be respected in sideways markets. The following two TPs will give you an indication of what more probable targets will be if you think that the asset is poised to move further.
Further to help with your analysis, the indicator will provide you 4 metrics from different timeframes also based on the ATR and the most probable size of the moves we may see in price. Again this is purely based on the ATR and nothing fancy so take it with a grain of salt and may it help you bring another check when placing orders on the market.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.