OPEN-SOURCE SCRIPT
Updated Tracking Lines with TP/SL + Labels at Left
A simple indicator so you can set your TP and SL tolerance along with capital and leverage.
A red line and green line will represent where current TP and SL would be on the chart along with the number of tokens you need to trade to meet the USD capital to be trades.
Just gives a visual representation of SL to key zones on the chart so you can judge scalp entries a little better :)
A red line and green line will represent where current TP and SL would be on the chart along with the number of tokens you need to trade to meet the USD capital to be trades.
Just gives a visual representation of SL to key zones on the chart so you can judge scalp entries a little better :)
Release Notes
This indicator plots dynamic Take Profit (TP) and Stop Loss (SL) levels based on customizable percentages above and below the current price. It calculates and displays:Your total trade value based on capital and leverage
The dollar amount you stand to gain (TP) or lose (SL)
The number of tokens/contracts needed at current price
Fully customisable label colours and opacity for clean visuals
Ideal for quickly visualising profit/loss zones and managing risk with precision.
Release Notes
This indicator plots dynamic Take Profit (TP) and Stop Loss (SL) levels based on customizable percentages above and below the current price. It calculates and displays:Your total trade value based on capital and leverage
The dollar amount you stand to gain (TP) or lose (SL)
The number of tokens/contracts needed at current price
Fully customizable label colors and opacity for clean visuals
Ideal for quickly visualizing profit/loss zones and managing risk with precision.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.