OPEN-SOURCE SCRIPT
Updated Take Profit Calculator
Release Notes: Take Profit Calculator v1.0
Introduction
Introducing the Real-Time Take Profit Calculator, a dynamic tool for TradingView designed to instantly calculate and display your target exit price. This indicator eliminates the need for manual calculations, allowing scalpers and day traders to see their profit targets directly on the chart as the market moves.
Key Features
Dynamic Target Calculation: The take-profit line is not static. It recalculates on every tick, moving with the current price to show you the exact target based on a real-time entry point.
Full Trade Customization:
Margin: Set the amount of capital (in USDT) you are allocating to the trade.
Leverage: Input your desired leverage to accurately calculate the total position size.
Desired Profit: Specify your target profit in USDT, and the indicator will calculate the corresponding price level.
Long & Short Support: Easily switch between "Long" and "Short" trade directions. The indicator will adjust the calculation and the visual style accordingly.
Customizable Display:
Change the color and width of the take-profit line for both long and short scenarios.
Toggle a price label on or off for a cleaner chart view.
How to Use
Add to Chart: Apply the "Take Profit Calculator" indicator to your chart.
Open Settings: Double-click the indicator name or the line itself to open the settings panel.
Enter Your Parameters: Under "Trade Parameters," fill in your Margin, Leverage, and Desired Profit.
Select Direction: Choose either "Long" or "Short" from the Trade Direction dropdown.
Analyze: The horizontal line on your chart now represents the exact price you need to reach
Introduction
Introducing the Real-Time Take Profit Calculator, a dynamic tool for TradingView designed to instantly calculate and display your target exit price. This indicator eliminates the need for manual calculations, allowing scalpers and day traders to see their profit targets directly on the chart as the market moves.
Key Features
Dynamic Target Calculation: The take-profit line is not static. It recalculates on every tick, moving with the current price to show you the exact target based on a real-time entry point.
Full Trade Customization:
Margin: Set the amount of capital (in USDT) you are allocating to the trade.
Leverage: Input your desired leverage to accurately calculate the total position size.
Desired Profit: Specify your target profit in USDT, and the indicator will calculate the corresponding price level.
Long & Short Support: Easily switch between "Long" and "Short" trade directions. The indicator will adjust the calculation and the visual style accordingly.
Customizable Display:
Change the color and width of the take-profit line for both long and short scenarios.
Toggle a price label on or off for a cleaner chart view.
How to Use
Add to Chart: Apply the "Take Profit Calculator" indicator to your chart.
Open Settings: Double-click the indicator name or the line itself to open the settings panel.
Enter Your Parameters: Under "Trade Parameters," fill in your Margin, Leverage, and Desired Profit.
Select Direction: Choose either "Long" or "Short" from the Trade Direction dropdown.
Analyze: The horizontal line on your chart now represents the exact price you need to reach
Release Notes
Release Notes: Take Profit Calculator v2.0 (Multi-Target)Introduction
Introducing version 2.0 of the Take Profit Calculator—an advanced tool for TradingView that now allows you to track up to three independent profit targets simultaneously. This indicator eliminates the need for manual calculations, enabling traders to visualize multiple levels for partial or full profit-taking directly on the chart.
What's New in v2.0
Multi-Target Support: The main innovation is the ability to set and display up to three separate Take Profit levels. This is ideal for strategies that involve scaling out of a position.
Independent Configuration: Each of the three target lines can be enabled or disabled individually. You can also set a custom desired profit amount (in USDT) and a unique color for each target for better visual identification.
Key Features
Real-Time Dynamic Calculation: All target lines are not static. They are recalculated with every price change, showing you current targets as if you were entering a trade right now.
Full Trade Customization:
Margin: Specify the amount of capital (in USDT) you are allocating to the trade.
Leverage: Enter your desired leverage to accurately calculate the total position size.
Desired Profit: Set the target profit in USDT for each of the three levels.
Long & Short Support: Easily switch between "Long" and "Short" directions. The indicator will automatically adjust all calculations.
Flexible Display: Customize the width and color of each line for maximum convenience.
How to Use
Add to Chart: Apply the "Take Profit Calculator (Multi-Target)" indicator.
Open Settings: Double-click the indicator name or one of the lines to open the settings panel.
Enter Trade Parameters: In the "Trade Parameters" section, specify your Margin and Leverage.
Configure Targets: In the "Profit Targets" section, enable the targets you want to see (Target #1, #2, #3), set the desired profit in USDT for each, and choose a color.
Select Direction: Choose "Long" or "Short" from the Trade Direction dropdown list.
Analyze: The horizontal lines on the chart now show the exact price levels required to achieve each of your profit targets.
Release Notes
Release Notes: Take Profit Calculator v3.0 (Bi-Directional)Introduction
Introducing version 3.0 of the Take Profit Calculator—a significant upgrade that allows traders to visualize potential profit targets for both Long and Short positions simultaneously. This powerful feature enables you to plan for any market direction without needing to toggle settings, providing a complete view of potential trades from the current price.
What's New in v3.0
Simultaneous Long & Short Projections: The core new feature. The indicator now displays up to three take-profit targets for Long positions and up to three for Short positions at the same time.
Dedicated Configuration Panels: The settings are now organized into two distinct sections—"Long Profit Targets" and "Short Profit Targets"—allowing for clear and independent configuration of each direction.
Key Features
Bi-Directional Multi-Target Support: Set up to 3 long and 3 short profit goals. This is perfect for assessing risk/reward in both directions or planning for market reversals.
Real-Time Dynamic Calculation: All target lines (up to 6) are not static. They recalculate with every price change, showing you current targets as if you were entering a trade right now.
Full Trade Customization:
Margin: Specify the amount of capital (in USDT) you are allocating to the trade.
Leverage: Enter your desired leverage to accurately calculate the total position size.
Desired Profit: Set the target profit in USDT for each of the levels in both the long and short panels.
Flexible Display: Independently enable, disable, and customize the color and width of each target line for maximum clarity.
How to Use
Add to Chart: Apply the "Take Profit Calculator (Bi-Directional)" indicator.
Open Settings: Double-click the indicator name or one of the lines to open the settings panel.
Enter Trade Parameters: In the "Trade Parameters" section, specify your Margin and Leverage.
Configure Long & Short Targets: In the "Long Profit Targets" and "Short Profit Targets" sections, enable the targets you want to see, set the desired profit in USDT for each, and choose their colors.
Analyze: The horizontal lines on the chart now show the exact price levels required to achieve each of your specified profit targets for both potential long and short trades
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.