TP & SL Indicator [TheScalpingAnt]

Overview

TP & SL Levels Clean is a precision trade-management tool designed to instantly plot professional-grade Take Profit and Stop Loss levels directly on your chart. Whether you are scalping, swing trading, or managing high-risk execution, this indicator removes guesswork by automatically calculating your SL and up to three configurable TP targets, displaying them with clean price labels on the right side of the chart.
This tool is built for traders who demand clarity, discipline, and execution accuracy.

Core Concepts

This indicator is designed around three key trading principles:

• Risk Management First
A clearly defined Stop Loss is essential in every professional trading strategy. The indicator ensures your SL is always visible and precise.
• Structured Profit Taking
Instead of randomly exiting trades, the tool delivers predefined TP targets to support scaling out and disciplined exits.
• Clean Visual Execution
Levels are displayed with bold lines and price tags, ensuring immediate readability without cluttering the chart.
LONG and SHORT trading directions are fully supported, ensuring it fits any trading style and asset class.

Key Features

• Automatically plots:
o Entry price level
o Stop Loss level
o TP1 (mandatory)
o TP2 (optional)
o TP3 (optional)
• Works for:
o LONG & SHORT positions
• Adjustable percentages for:
o SL %
o TP1 %
o TP2 %
o TP3 %
• Toggle ON/OFF visibility for TP2 & TP3
• Clean professional design
• Smart decimal precision based on instrument price
• Stable drawing logic using only the latest bar (no historical clutter)
• Precise price labels aligned on the right side of the chart
• Customizable line width
• Lightweight, fast, and optimized for performance

Customization & Flexibility

The indicator allows full personalization to match your trading strategy:
• Manually set Entry Price or let the indicator auto-detect from current price
• Choose Trade Direction: LONG or SHORT
• Define your exact:
o Stop Loss %
o Take Profit % levels
• Enable or disable TP2 and TP3 depending on your strategy
• Adjust line thickness
• Automatically adjusts price label decimal formatting for Forex, Crypto, Indices, and Stocks
This gives you total flexibility to adapt the tool to scalping, day trading, swing trading, or long-term positioning.

How to Use


1. Apply the indicator to your chart
2. Set:
o Entry Price (or leave 0 for automatic detection)
o Trade Direction (LONG / SHORT)
3. Define SL %, TP1 %, and optionally TP2 & TP3 %
4. Enable TP2 / TP3 toggles if needed
5. The indicator instantly plots:
o Entry line
o Stop Loss line
o Take Profit levels
6. Trade with visual confidence knowing your execution levels are clearly defined

Example Use Case

A trader plans a LONG position at 1.20000.
They configure:
• SL = -1.20%
• TP1 = +0.90%
• TP2 = +0.90% (optional)
• TP3 = +0.90% (optional)
The indicator immediately displays:
• Entry Reference Level
• Stop Loss Zone
• Profit Targets
This gives the trader an instant, structured trading framework without manual calculations, improving discipline and execution speed.

Settings Breakdown

Inputs:
• Entry Price (0 = auto)
• Trade Direction (LONG / SHORT)
• Stop Loss %
• TP1 %
• TP2 %
• TP3 %
• Toggle ON / OFF TP2
• Toggle ON / OFF TP3
• Line Width
• Built-in intelligent decimal formatting
Visuals:
• Bold colored levels
• Clear labels with precise price values
• Transparent clean UI
• Optimal spacing for visibility

Conclusion

TP & SL Levels Clean is built for serious traders who understand that consistent profitability comes from structured execution, not emotions. By combining clarity, flexibility, and professional visualization, this indicator helps you manage trades with precision and confidence.
If you are looking to simplify your workflow, improve discipline, and present professional execution management on your charts, this tool is for you.

Disclaimer

This indicator does not provide financial advice or guaranteed profits. It is a technical tool designed to support trade planning and execution. Trading involves risk, and users should always conduct their own analysis and manage risk responsibly