TP/SL Points

Overview

Take-Profit (TP) and Stop-Loss (SL) Points are key visual elements of the AstraAlgo Indicator, helping traders manage risk and plan trade exits directly on their TradingView charts.

These points are designed to provide clear guidance without revealing the underlying strategy, ensuring traders can act confidently.

Entry Points

Entry Points mark suggested price levels for opening trades.

They are displayed clearly on the chart, giving traders a visual reference for potential market entries.

Take-Profit Levels

Take-Profit levels indicate target prices where a trade may be closed to secure profits.

Depending on the Signal Mode, multiple TP levels can be displayed to provide a nuanced view of potential exit points.

Stop-Loss Levels

Stop-Loss levels help traders identify points where a trade may be exited to limit losses.

These points are calculated using swing highs and lows and can be adjusted for lookback periods and placement offsets.

Customization & Visual Clarity

TP/SL Points can be tailored in terms of label size, distance from price, colors, and offsets.

These options ensure the chart remains organized and easy to interpret, even when multiple levels are displayed, without repeating information covered in Signal Modes or Alerts.