TP/SL calculator (ATR)

This calculates takeprofits and stoploss based on current ATR (average true range) and plots the targets as an overlay

oberon.at/oberon/src/Screenshot from 2019-05-09 08-58-26.png

Alternatively it can display a trailing stop loss target

oberon.at/oberon/src/Screenshot from 2019-05-09 09-00-45.png

Release Notes

Add offset to print price target one bar forward.

Release Notes

Added second take profit target.

Release Notes

fresh chart

Release Notes

- added take profit 3 (ATR * 3)
- thinner lines by default

Release Notes

Update to pine script v4

- introduce "switch resolution"
- introduce "show last" option to set number of values to show
- make offset configurable

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

oberon2007

Also on:

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.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

oberon2007

Also on: