MT5 Take Profit and Stop Loss Calculator Indicator Download - Free - [TFlab] | Forex Indicator Download - MetaTrader 5 Resources

The Take Profit and Stop Loss Calculator indicator is a risk and capital management tool used to determine Take Profit and Stop Loss levels. Take Profit (TP) and Stop Loss (SL) levels can be easily drawn on the chart using this indicator.

This trading tool offers enhanced capital management from a single box, including:

• Ability to create, take profit and stop loss levels for buy and sell positions;
• Determine the lot trading volume;
• Display risk-return (R/R) ratio;
• Shows the remaining time until the next candle (time to the next bar).

Take profit and stop loss calculator indicator specification table

The main specifications of this indicator are as follows:

Indicator overview

Overall, there are two ways to create TP and SL levels on a chart: manually adjusting the lines or entering an "R/R" ratio. The levels created include Take Profit (green), Stop Loss (red) and Open positions (grey).

Indicator performance in an uptrend

Based on the analysis of the NZD/USD currency pair chart on the 30-minute time frame, the gray line represents the entry point, while the green and red lines represent the TP and SL levels respectively.

The calculator box also shows details such as time remaining to the next bar, R/R ratio and volume.

Indicator performance in a downtrend

As shown on the BNB/USD 1 hour timeframe chart, in a downtrend, TP (green line) is below and SL (red line) is above open interest (grey line).

In addition, the calculator box also provides information such as the remaining time until the next candle (Time to the next bar) , R/R ratio, and trading volume to facilitate money management.

Indicator Settings

The information and functions in the calculator box are as follows:

• Light/Dark : Adjust the theme of TP and SL elements;
• Time to the next bar : The remaining time before the candle closes;
• Buy : Configure a buy position;
• Sell : Configure selling position;
• Delete : Remove TP and SL lines;
• R/R Rate : risk return indicator;
• Lot Rate : Determine the position manually.

Conclusion

The Take Profit and Stop Loss Calculator indicator simplifies the calculation of Take Profit and Stop Loss levels by displaying the information in a separate format and providing visual lines.

The above levels can be determined manually by moving the lines or entering the "R/R" value in the calculator box. Notably, this trading tool can be used on a variety of markets, including forex , cryptocurrency , commodities, and stocks.