OPEN-SOURCE SCRIPT

TP/SL Bands (mishy)

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Summary:
A simple target and stop-loss visualization tool with multiple algorithms for ease of use. Initially designed as an overlay for other indicators (e.g., FFF), it can also help users explore different approaches to TP/SL calculation in a practical way.

Calculations:

  • Fixed ATR: Targets and stop-loss levels are derived using ATR multiples, adapting to market volatility.
  • Harmonic: Uses structural price relationships and pattern-based projections to estimate TP/SL zones.
  • Price %: Calculates targets based on a fixed percentage move from the selected price source.
  • Points: Uses absolute point distance for TP/SL, useful for instruments with stable tick behavior.


Disclaimer:
All credit goes to the TradingView open-source community for developing these powerful calculations and algorithms. This tool is simply a refined combination of a few of those valuable public contributions.

Thông báo miễn trừ trách nhiệm

Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.