Take Profit and Stop Loss Lines
The Take Profit and Stop Loss Lines feature shows the entry, take profit, and stop loss prices produced when in a position. To enable (or disable) this feature, use the
[Visual] Enable Take Profit and Stop Loss Lines
setting listed under Visual Parameters
.
The entry price line plots a gray line followed by a label in the format
Entry: <entry_price>
. When the feature is enabled, this line will always plot the price the position opens at. In the image below, we can see that the most recent BUY position opened at 163.57.
The take profit line plots a green line followed by a label in the format
Take Profit: <take_profit_price>
. When the feature is enabled, this line will always plot the price the take profit is set to. If there is no user set take profit, the take profit line will be set to the 1%
mark as that is what the algorithm has the take profit defined as. In the image below, we can see that the most recent BUY position has a take profit of 165.21.
The stop loss line plots a red line followed by a label in the format
Stop Loss: <stop_loss_price>
. When the feature is enabled and the user has defined a stop loss, this line will plot the price the stop loss is set to. If there is no user defined stop loss, the stop loss line will not appear. In the image below, we can see the stop loss of the most recent BUY position set to 161.93.