OPEN-SOURCE SCRIPT
Simple Risk-to-Reward (R) Indicator (TP1–TP2)
Simple Risk-to-Reward (R) Indicator (TP1–TP2)
This indicator allows you to manually plot and visualize your entry price, stop loss, and 1R/2R take-profit levels for any trade.
Features:
Manual entry price input
Adjustable stop-loss distance (in ticks)
Long/short toggle
Plots for entry, stop, TP1, and TP2 levels
Use this tool to quickly set up and visualize your trade’s risk/reward levels and potential targets.
This indicator allows you to manually plot and visualize your entry price, stop loss, and 1R/2R take-profit levels for any trade.
Features:
Manual entry price input
Adjustable stop-loss distance (in ticks)
Long/short toggle
Plots for entry, stop, TP1, and TP2 levels
Use this tool to quickly set up and visualize your trade’s risk/reward levels and potential targets.
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.
Simple Indicators – Premium tools & more: simpleindicators.gumroad.com/
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.
Simple Indicators – Premium tools & more: simpleindicators.gumroad.com/
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.