PROTECTED SOURCE SCRIPT
ATR Take Profit (T-Maker)

A dead-simple take-profit helper based on ATR.
This script calculates a 14-period Average True Range (ATR) and multiplies it by a user-defined factor, then shows that single number on your chart in a small table (bottom-left). Use it as a quick, volatility-aware distance for setting take-profit levels, scaling out, or gauging whether a move has “room” to breathe.
What it does
Why it’s useful
How to use it
Inputs
Notes & Limitations
Version
v1.0 — Original release (minimal, display-only utility)
Created by T-Maker. This tool is for educational purposes only and is not financial advice. Always manage risk and verify settings before trading.
This script calculates a 14-period Average True Range (ATR) and multiplies it by a user-defined factor, then shows that single number on your chart in a small table (bottom-left). Use it as a quick, volatility-aware distance for setting take-profit levels, scaling out, or gauging whether a move has “room” to breathe.
What it does
- Computes ATR(14) × Multiplier every bar.
- Displays the result (rounded to 2 decimals) in a clean on-chart label.
- Updates only on the last bar to avoid visual noise and keep performance snappy.
Why it’s useful
- Volatility-adjusted targets: ATR adapts to changing market conditions, so your TP distance scales with current volatility.
- Instrument & timeframe agnostic: Works on any symbol and timeframe supported by TradingView.
- Minimalist workflow: No lines or clutter—just the exact distance to add/subtract from your entry.
How to use it
- Choose your ATR Multiplier (default = 4).
Example: If ATR(14) = 1.52 and Multiplier = 4 → displayed value = 6.08. - For a long, a simple TP idea is: TP = Entry + xATR.
For a short: TP = Entry − xATR. - Optionally draw a manual horizontal line at your calculated TP level, or use the value to feed your own rules in other scripts.
Tip: Test different multipliers per market/timeframe (e.g., 2–3 for intraday indices, 3–5 for swing on FX/crypto). Optimize in backtests before going live.
Inputs
- ATR Multiplier (int): Scales ATR(14) to your preferred TP distance.
- Text Color (color): Customize the display color to match your theme.
Notes & Limitations
- Uses ATR(14) (fixed) for consistency in this original version.
- Displays a single number only—it does not plot levels, draw lines, or place orders.
- Value is rounded to 2 decimals and shown bottom-left of the chart.
Version
v1.0 — Original release (minimal, display-only utility)
Created by T-Maker. This tool is for educational purposes only and is not financial advice. Always manage risk and verify settings before trading.
受保护脚本
此脚本以闭源形式发布。 但是,您可以自由使用它,没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
受保护脚本
此脚本以闭源形式发布。 但是,您可以自由使用它,没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。