OPEN-SOURCE SCRIPT
Toolbox
📌 Trading Toolbox v2 Indicator
This Pine Script indicator is a comprehensive trading toolbox designed to help traders manage risk, identify trade signals, and visualize key levels like Take Profit (TP), Stop Loss (SL), and Break Even (BE) on their charts.
🔹 Features:
📉 Technical Indicator Signals:
Supports EMA, TEMA, Bollinger Bands (BB), RSI, and MACD.
Provides bullish & bearish entry signals based on crossovers and strict mode filtering.
📊 Risk Management System:
Calculates trade risk based on account balance and risk percentage.
Determines lot size dynamically.
🎯 TP/SL & Break Even Calculation:
Automatically calculates & displays TP, SL, and BE levels based on ATR.
Allows custom risk-reward ratio configuration.
📌 Visual & Alert System:
Plots entry points, TP/SL lines, and Break Even lines on the chart.
Displays precise price levels of TP/SL/BE.
Sends alerts when a trade signal or Break Even is triggered.
🛠️ How It Works:
Entry Signals: Triggered when selected indicators confirm bullish or bearish conditions.
Strict Mode: Requires a higher confirmation threshold for signals.
Break Even: Moves SL to entry price after a set profit level is reached.
Customizable: Users can enable/disable specific features for full control over strategy.
📌 Ideal For:
✅ Traders using technical indicators for trade entries
✅ Those who want automated risk management & lot size calculation
✅ Anyone looking for clear TP/SL/BE visualization on TradingView
This Pine Script indicator is a comprehensive trading toolbox designed to help traders manage risk, identify trade signals, and visualize key levels like Take Profit (TP), Stop Loss (SL), and Break Even (BE) on their charts.
🔹 Features:
📉 Technical Indicator Signals:
Supports EMA, TEMA, Bollinger Bands (BB), RSI, and MACD.
Provides bullish & bearish entry signals based on crossovers and strict mode filtering.
📊 Risk Management System:
Calculates trade risk based on account balance and risk percentage.
Determines lot size dynamically.
🎯 TP/SL & Break Even Calculation:
Automatically calculates & displays TP, SL, and BE levels based on ATR.
Allows custom risk-reward ratio configuration.
📌 Visual & Alert System:
Plots entry points, TP/SL lines, and Break Even lines on the chart.
Displays precise price levels of TP/SL/BE.
Sends alerts when a trade signal or Break Even is triggered.
🛠️ How It Works:
Entry Signals: Triggered when selected indicators confirm bullish or bearish conditions.
Strict Mode: Requires a higher confirmation threshold for signals.
Break Even: Moves SL to entry price after a set profit level is reached.
Customizable: Users can enable/disable specific features for full control over strategy.
📌 Ideal For:
✅ Traders using technical indicators for trade entries
✅ Those who want automated risk management & lot size calculation
✅ Anyone looking for clear TP/SL/BE visualization on TradingView
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.