Dynamic TP Based on RR - Position Tool

6 בדצמ׳ 2025

Simple indicator that automatically plots the take-profit (TP) level based on the below inputs:
- Entry price
- Stop-loss (SL)
- Risk-to-reward (RR)

The long/short-position drawing tools are simple enough to use, but wanted something that will automatically plot the TP instead. Couldn't find anything basic and free of extra features so built this instead.

This is how I use it.

1 (optional): Use the long/short-position drawing tool to plot the entry and stop-loss levels

2: Enable the indicator and enter the inputs
- Entry
- SL
- RR

3: The TP will automatically plot. Change the RR to your liking.

6 בדצמ׳ 2025

הערות שחרור

Updated dynamic position TP tool based on entry, stop-loss, RR inputs.

4 בינו׳

הערות שחרור

Some minor updates:

- Inputs
-- Account size ($)
-- Risk size per trade (%)
-- Market/instrument selection (only using index futures for now)

- Outputs
-- Contract size in brackets next to the SL number (if the number is 0 then risk parameters are beyond account size's capacity)

6 בינו׳

הערות שחרור

Padding from current candles added

23 בינו׳

הערות שחרור

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