Profit target line auto draws

• 12/06/2019 at 11:10 AM #114318
  keks

  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!

   

  

  keks

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  12/06/2019 at 12:03 PM #114324
  Nicolas

  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) return

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  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)   return

   

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  keks

  

  Nicolas

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  12/06/2019 at 1:15 PM #114339
  keks

  Amazing!

  Looks exactly like I wished. Many many thanks!

  

  keks

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