DTR SL/TP

DTR SL/TP Indicator
by DTR Traders

This simple yet powerful tool plots automatic Stop Loss (SL) and Take Profit (TP) levels on your chart based on the current price. It's designed to help you plan trades with clear risk-reward boundaries.

⚙️ How It Works:
At each candle, the indicator:

Uses the closing price as the entry level

Calculates the Stop Loss as a percentage below the entry

Calculates the Take Profit based on a multiplier of the risk amount

For example:
If Stop Loss = 5% and TP Multiplier = 3,
→ TP is placed at 15% above entry (3 × 5%).

🧮 Input Settings:
Stop Loss Percentage – Default: 5%
This defines how far below the entry your SL is placed.

Take Profit Multiplier – Default: 3×
This multiplies your SL distance to calculate TP.

You can customize these values to match your strategy.

📊 Visuals:
Red Line: Shows your Stop Loss

Green Line: Shows your Take Profit

Both lines adjust in real-time with each new candle.

🎯 Use Cases:
Quickly visualize risk-to-reward on any price chart

Use for manual trading or as a guide for entries/exits

Works across all assets and timeframes

Ideal for strategies with fixed SL/TP logic

Note: This is a static projection — it doesn’t track actual trades or market conditions. Pair with alerts or automation for active trading.