MariTrades Gold Indicator B-Stop loss and Take profits

The MariTrades Gold Indicator B is an original Trading View script designed to help traders visualize entry points, stop loss (SL), take profit (TP), and key structure levels on gold charts. This publication fully complies with Trading View’s public script rules, including originality, English description, chart clarity, and Pine Script v5 usage.

Key Features:

Break of Structure (BOS) Detection:


Detects trend reversals by identifying when price closes above/below the previous swing high/low.

BOS signals are marked on the chart for both buy and sell opportunities.

Fibonacci Retracement Levels:

Automatically plots retracements from the last swing high to swing low.
(NOT LABELLED)

Entry signals are confirmed when price retraces to these levels after BOS.


Automatic SL and TP Visualization:

Stop loss and take profit levels are drawn directly on the chart.

Default values: SL = 5 pips, TP = 10 pips (customizable via inputs).

Entry Signals:

Buy: Price breaks structure (BOS) and retraces to Fibonacci level → label and lines drawn.

Sell: Price breaks structure (BOS) and retraces to Fibonacci level → label and lines drawn.

Clean, readable chart overlay:


Previous signals are automatically removed to avoid clutter.

SL lines in red, TP lines in green, entry labels clearly displayed.