PROTECTED SOURCE SCRIPT
BB Sidecar Calculator
BB Sidecar Calculator
Visual trade planner and dynamic risk-to-reward tool
Overview
The BB Sidecar Calculator is a precision planning tool designed to help traders visualize risk, reward, and position sizing directly on their charts. By inputting basic trade parameters, the indicator calculates stop-loss distance, potential profit targets in R multiples, and total dollar risk or gain based on the instrument type and lot size. It supports a wide range of assets including futures, forex, and equities.
Features
• Manually input or click-to-place entry and stop levels directly on the chart
• Drag and adjust levels dynamically with real-time updates to targets and risk values
• Automatic detection of long or short direction based on entry vs. stop placement
• Supports optional Max Dollar Risk setting to cap trade risk based on your account limits
• Configurable number of R-multiple targets (1R to 10R)
• Instrument-aware calculations with pip support for forex and point-based logic for stocks and futures
• Adjustable label display with configurable text size, color, and price precision
• Customizable currency symbol to match your account denomination
How to Use
1. When you first add the indicator, click on the chart to place your Entry and Stop levels.
2. The indicator will automatically determine whether the trade is Long or Short.
3. Drag either level up or down to adjust your setup visually.
4. Set your Lot Size and optionally define a Max $ Risk value.
5. The indicator will display:
• Entry line with lot size label
• Stop line with dollar risk and distance
• Up to 10 risk-multiple profit targets (1R, 2R, etc.)
Max Risk Logic
When a value is entered for Max $ Risk, the indicator calculates the maximum price difference you can afford based on your lot size and instrument type. It will then:
• Calculate a stop-loss price that aligns with your risk cap
• Compare this with the user-defined stop price
• Select the more conservative stop (the one with less dollar risk)
• Display updated profit targets based on the selected stop level
For forex pairs, pip value and pip size are accounted for in risk calculations. For stocks and futures, point value is used.
If Max $ Risk is set to 0, the indicator uses your manually defined stop price exclusively.
Notes
• Labels and visuals are rendered only on the latest bar for clarity
• Supports various decimal precision levels for accurate price formatting
• Designed for use in planning, not live trade execution
• Works across multiple timeframes and instrument types
Visual trade planner and dynamic risk-to-reward tool
Overview
The BB Sidecar Calculator is a precision planning tool designed to help traders visualize risk, reward, and position sizing directly on their charts. By inputting basic trade parameters, the indicator calculates stop-loss distance, potential profit targets in R multiples, and total dollar risk or gain based on the instrument type and lot size. It supports a wide range of assets including futures, forex, and equities.
Features
• Manually input or click-to-place entry and stop levels directly on the chart
• Drag and adjust levels dynamically with real-time updates to targets and risk values
• Automatic detection of long or short direction based on entry vs. stop placement
• Supports optional Max Dollar Risk setting to cap trade risk based on your account limits
• Configurable number of R-multiple targets (1R to 10R)
• Instrument-aware calculations with pip support for forex and point-based logic for stocks and futures
• Adjustable label display with configurable text size, color, and price precision
• Customizable currency symbol to match your account denomination
How to Use
1. When you first add the indicator, click on the chart to place your Entry and Stop levels.
2. The indicator will automatically determine whether the trade is Long or Short.
3. Drag either level up or down to adjust your setup visually.
4. Set your Lot Size and optionally define a Max $ Risk value.
5. The indicator will display:
• Entry line with lot size label
• Stop line with dollar risk and distance
• Up to 10 risk-multiple profit targets (1R, 2R, etc.)
Max Risk Logic
When a value is entered for Max $ Risk, the indicator calculates the maximum price difference you can afford based on your lot size and instrument type. It will then:
• Calculate a stop-loss price that aligns with your risk cap
• Compare this with the user-defined stop price
• Select the more conservative stop (the one with less dollar risk)
• Display updated profit targets based on the selected stop level
For forex pairs, pip value and pip size are accounted for in risk calculations. For stocks and futures, point value is used.
If Max $ Risk is set to 0, the indicator uses your manually defined stop price exclusively.
Notes
• Labels and visuals are rendered only on the latest bar for clarity
• Supports various decimal precision levels for accurate price formatting
• Designed for use in planning, not live trade execution
• Works across multiple timeframes and instrument types
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.