Simple Risk-to-Reward (R) Indicator (TP1–TP2)

What this indicator does:
This tool helps traders clearly visualize their risk and reward on any trade by plotting their entry, stop loss, and take-profit (TP) levels directly on the chart. It’s designed to make manual trade planning more visual and systematic.

How it works:

• You set your planned entry price, whether you want to plot a Long or Short setup, and your stop-loss distance (in ticks).
  
• The indicator calculates your stop-loss level and automatically plots it on the chart.
  
• It then draws take-profit levels at 1R and 2R (where “R” is your risk, the distance between entry and stop).
  
• You can toggle the TP1 and TP2 lines on or off to suit your preference.
  

How to use it:

• Open the settings and enter your intended entry price.
  
• Select “Long Setup” for a buy trade, or turn it off for a sell/short trade.
  
• Enter your desired stop loss in ticks.
  
• Choose which take-profit levels to display by toggling TP1 and TP2.
  
• The indicator will show entry, stop, and take-profit levels right on your chart so you can easily see your planned risk/reward.
  

What makes it unique and useful:
This indicator is designed for manual trade planning, giving you full control over your inputs and letting you instantly see your risk/reward on any instrument or timeframe. Unlike some built-in tools, it supports both long and short trades, lets you set all levels manually, and keeps your charts clean and easy to interpret.