OPEN-SOURCE SCRIPT
RSI Auto Target Sets (Template)
RSI Auto Target Sets Template 14
Overview
RSI Auto Target Sets Template 14 is an easy-to-use trend-following indicator designed to help traders identify potential entries and automatically manage trades with predefined risk and reward levels.
The indicator uses the Relative Strength Index (RSI 14) and generates trading opportunities when momentum shifts around the 50 level, making it suitable for trending markets.
Once a signal appears, the indicator automatically plots:
✅ Entry Price
✅ Stop Loss
✅ Target 1 (TP1)
✅ Target 2 (TP2)
✅ Target 3 (TP3)
It also keeps multiple previous trade setups visible, allowing traders to review past signals and improve trade analysis.
How It Works
Buy Signal
A Buy signal is generated when the RSI (14) crosses above 50, indicating bullish momentum may be beginning.
Sell Signal
A Sell signal is generated when the RSI (14) crosses below 50, indicating bearish momentum may be starting.
After a signal is confirmed, the indicator automatically calculates:
Entry
Stop Loss
TP1
TP2
TP3
How to Trade
Buy Trade
Wait for the RSI to cross above 50.
Enter the trade after the signal candle closes.
Place your Stop Loss at the indicator's suggested level.
Take partial profits at TP1.
Move Stop Loss to break-even if desired.
Let the remaining position aim for TP2 and TP3.
Sell Trade
Wait for the RSI to cross below 50.
Enter after candle confirmation.
Use the displayed Stop Loss.
Secure profits at TP1.
Trail your Stop Loss or hold toward TP2 and TP3.
Best Timeframes
The indicator can be used on:
5 Minute
15 Minute
30 Minute
1 Hour
4 Hour
Daily
Higher timeframes generally produce more reliable signals.
Best Markets
Suitable for:
Forex
Crypto
Stocks
Indices
Commodities
Risk Management
No indicator is accurate 100% of the time.
Always:
Use proper risk management.
Never risk more than 1–2% of your account on a single trade.
Wait for candle confirmation before entering.
Avoid trading during major news events.
Learning Tips
This indicator is designed to help traders understand:
Market momentum
Trend direction
Risk-to-reward planning
Trade management
Discipline in following predefined targets
For better results, combine it with:
Support & Resistance
Market Structure
Trendlines
Volume Analysis
Higher Timeframe Confirmation
Overview
RSI Auto Target Sets Template 14 is an easy-to-use trend-following indicator designed to help traders identify potential entries and automatically manage trades with predefined risk and reward levels.
The indicator uses the Relative Strength Index (RSI 14) and generates trading opportunities when momentum shifts around the 50 level, making it suitable for trending markets.
Once a signal appears, the indicator automatically plots:
✅ Entry Price
✅ Stop Loss
✅ Target 1 (TP1)
✅ Target 2 (TP2)
✅ Target 3 (TP3)
It also keeps multiple previous trade setups visible, allowing traders to review past signals and improve trade analysis.
How It Works
Buy Signal
A Buy signal is generated when the RSI (14) crosses above 50, indicating bullish momentum may be beginning.
Sell Signal
A Sell signal is generated when the RSI (14) crosses below 50, indicating bearish momentum may be starting.
After a signal is confirmed, the indicator automatically calculates:
Entry
Stop Loss
TP1
TP2
TP3
How to Trade
Buy Trade
Wait for the RSI to cross above 50.
Enter the trade after the signal candle closes.
Place your Stop Loss at the indicator's suggested level.
Take partial profits at TP1.
Move Stop Loss to break-even if desired.
Let the remaining position aim for TP2 and TP3.
Sell Trade
Wait for the RSI to cross below 50.
Enter after candle confirmation.
Use the displayed Stop Loss.
Secure profits at TP1.
Trail your Stop Loss or hold toward TP2 and TP3.
Best Timeframes
The indicator can be used on:
5 Minute
15 Minute
30 Minute
1 Hour
4 Hour
Daily
Higher timeframes generally produce more reliable signals.
Best Markets
Suitable for:
Forex
Crypto
Stocks
Indices
Commodities
Risk Management
No indicator is accurate 100% of the time.
Always:
Use proper risk management.
Never risk more than 1–2% of your account on a single trade.
Wait for candle confirmation before entering.
Avoid trading during major news events.
Learning Tips
This indicator is designed to help traders understand:
Market momentum
Trend direction
Risk-to-reward planning
Trade management
Discipline in following predefined targets
For better results, combine it with:
Support & Resistance
Market Structure
Trendlines
Volume Analysis
Higher Timeframe Confirmation
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
t.me/ExpertTrading_Signals
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Get daily high-quality Forex, Gold & Crypto trading signals designed to help you trade with confidence.
exness broker one.exnessonelink.com/a/g8y6w860c5
📈 Join Our Official Telegram Channel!
Get daily high-quality Forex, Gold & Crypto trading signals designed to help you trade with confidence.
exness broker one.exnessonelink.com/a/g8y6w860c5
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
t.me/ExpertTrading_Signals
📈 Join Our Official Telegram Channel!
Get daily high-quality Forex, Gold & Crypto trading signals designed to help you trade with confidence.
exness broker one.exnessonelink.com/a/g8y6w860c5
📈 Join Our Official Telegram Channel!
Get daily high-quality Forex, Gold & Crypto trading signals designed to help you trade with confidence.
exness broker one.exnessonelink.com/a/g8y6w860c5
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.