Profit target line auto draws
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Hi,
I would like to explore the possibility to visually view profit target using a simple SuperTrend indicator on ProRealtime. In the chart when price changes the trend (orange dots go green for instance), I would like a horizontal line drawn at for example 5atr above in case trend is up. when price touches this line I would like another line to be drawn 5atr above and so on until the trend changes. When a new line is drawn I would like the previous line to stop being drawn. I have attached a sample where I have manually drawn white segments the way I would like them to show up. The lower chart in aqua is ATRcustom simply ATR(14)*5.
Thanks!
Here is the code to plot the target takeprofit levels as you described:
st=Supertrend[3,10] iatr=AverageTrueRange[14](close)*5 if close crosses over st or close crosses over level then startbar=barindex level = close+iatr elsif close crosses under st or close crosses under level then startbar=barindex level = close-iatr endif offset = max(1,barindex-startbar) drawsegment(barindex[offset],level,barindex,level) returnkeks thanked this post
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6 years, 2 months ago.
Topic Details
| Forum: | ProBuilder: Indicators & Custom Tools |
| Language: | English |
| Started: | 12/06/2019 |
| Status: | Active |
| Attachments: | 2 files |
