OPEN-SOURCE SCRIPT
Target/Stop Distance Tracker
This is a custom, dynamic utility indicator designed specifically for futures traders who trade 5-contract position sizes on the Micro Nasdaq-100 (MNQ) and Micro S&P 500 (MES). Instead of manually calculating point distances for your trades, this script automatically calculates and visualizes exactly how many points the market needs to move to hit your specific dollar-based profit targets and stop losses.
Key Features
Auto-Symbol Detection: The script automatically knows whether you are looking at an MNQ or MES chart and adjusts the point value math ($2/pt for MNQ, $5/pt for MES) in the background.
Fixed Dollar Goals: It is hardcoded to your specific trading plan for a 5-contract size:
MNQ: Calculates the distance for a $500 Profit Target (50 points) and a $250 Stop Loss (25 points).
MES: Calculates the distance for a $300 Profit Target (12 points) and a $250 Stop Loss (10 points).
Live Price Tracking: The target and stop levels update dynamically with the current price.
Minimalist Visuals: Uses clean, floating text labels that stay anchored strictly to the current, active candle. It will not clutter your chart with trailing labels from previous candles or bulky background boxes.
Directional Toggle: Includes a simple input in the settings to switch between "Long" and "Short" positions, automatically flipping the target above or below the current price.
How to Use It
Simply add it to your MNQ or MES chart. Open the indicator settings to check or uncheck the "Long Position?" box depending on your trade direction. The indicator will instantly project your required exit points perfectly scaled to your 5-contract position limits.
Key Features
Auto-Symbol Detection: The script automatically knows whether you are looking at an MNQ or MES chart and adjusts the point value math ($2/pt for MNQ, $5/pt for MES) in the background.
Fixed Dollar Goals: It is hardcoded to your specific trading plan for a 5-contract size:
MNQ: Calculates the distance for a $500 Profit Target (50 points) and a $250 Stop Loss (25 points).
MES: Calculates the distance for a $300 Profit Target (12 points) and a $250 Stop Loss (10 points).
Live Price Tracking: The target and stop levels update dynamically with the current price.
Minimalist Visuals: Uses clean, floating text labels that stay anchored strictly to the current, active candle. It will not clutter your chart with trailing labels from previous candles or bulky background boxes.
Directional Toggle: Includes a simple input in the settings to switch between "Long" and "Short" positions, automatically flipping the target above or below the current price.
How to Use It
Simply add it to your MNQ or MES chart. Open the indicator settings to check or uncheck the "Long Position?" box depending on your trade direction. The indicator will instantly project your required exit points perfectly scaled to your 5-contract position limits.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.