OPEN-SOURCE SCRIPT

Percentage Buy, Target, Stop + Overlay

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Percentage Buy, Target, Stop + Overlay

This tool helps traders plan entries and exits using fixed percentage offsets instead of volatility. It plots Buy, Target, and Stop levels on the chart based on a user‑defined entry price and simple percentage multipliers—giving a clear, objective framework for risk/reward.

NOTE: To activate the lines and table, enter a Buy Price greater than zero.


What It Does
Buy Price Input: Manually enter your intended entry price (e.g. planned or executed trade).

Percentage‑Based Target and Stop:

Target Price = Buy × (1 + Target % / 100)

Stop Price = Buy × (1 – Stop % / 100)

Visual Overlay: Draws horizontal lines at Buy, Target, and Stop levels on your chart.

Interactive Table: Displays Buy, Target, Stop and their percentages in a customizable on‑chart table.


Customization Options
Line Settings

Choose color, style (solid/dashed/dotted), and width for each line.

Extend lines to the right only or both directions.

Table Settings

Position table (top/bottom × left/right).

Toggle rows for Buy, Target, Stop, and percentage values.

Adjust text colors and background transparency.


How to Use It for Trading
Plan Your Trade: Enter your entry price.

Set Exits: Specify target and stop percentages to instantly see risk/reward zones.

Visual Reference: Lines update in real time as you adjust inputs—ideal for live monitoring or backtesting.

Straightforward Risk Management: Fixed percentages offer a simple alternative when ATR or volatility‑based levels aren’t preferred.


Ideal For
Traders who prefer fixed percentage targets/stops

Quick risk/reward visualization

Beginners seeking a clear, rule‑based exit framework

Any trader wanting an alternative to volatility‑based sizing

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.