ATR Long TP Box
- Göstergeler
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Elias Balian Zimmermann
Hello to all readers,
As the founder of QuantCore Systems, I develop and optimize Expert Advisors for MetaTrader 5. My focus lies on rule-based trading logic, structured backtesting, transparent risk control, and the development of automated trading systems for liquid markets. - Sürüm: 1.21
ATR Long Box Anchor MT5 is a visual risk-reward indicator for MetaTrader 5, specifically designed for planning long setups. The indicator creates an ATR-based long box directly on the chart, including entry, stop-loss zone, take-profit zone, and optional risk-reward information.
The indicator works with a freely movable anchor point. This anchor defines the desired entry price and the candle whose ATR value is used for the calculation. This allows a long setup to be planned quickly, flexibly, and visually cleanly.
Main FunctionAfter loading the indicator, an anchor point appears on the chart. This anchor can be moved freely.
The price of the anchor is used as the entry.
The candle on which the anchor is placed determines the ATR calculation.
Based on these values, the indicator automatically calculates:
Entry price
ATR of the anchor candle
Stop loss below the entry
Take profit above the entry
Risk distance
Risk-reward ratio
Visual risk and reward zones
The red zone shows the risk area from the entry to the stop loss.
The green zone shows the potential target area from the entry to the take profit.
The white dotted line marks the entry.
The indicator uses an ATR-based risk distance.
The stop loss is calculated as follows:
Stop Loss = Entry − ATR × ATR Multiplier
The take profit is calculated as follows:
Take Profit = Entry + Risk Distance × Risk-Reward Ratio
This allows the box to automatically adjust to the current market volatility.
Interactive Risk-Reward LabelsThe indicator includes a clear click-based system for displaying additional information.
When clicking on the long box, three information boxes appear:
Target Box
Displays the take-profit price, the percentage distance from the entry, and the risk-reward ratio.
Entry Box
Displays the entry, ATR, and risk-reward ratio.
Stop Box
Displays the stop-loss price, the percentage distance from the entry, and the absolute risk distance.
When clicking freely on the chart again, the information boxes are automatically hidden. This keeps the chart clean and ensures that additional information is only displayed when needed.
How to UseLoad the indicator onto the chart.
Move the anchor point to the desired long entry.
The ATR-based risk-reward box is calculated automatically.
Click on the box to display detailed information.
Click freely on the chart to hide the detailed information again.
The indicator automatically updates the box as soon as the anchor is moved.
SettingsATR Length
Defines the period of the ATR calculation. The default value is 14.
ATR Multiplier
Defines how far the stop loss is placed from the entry. The higher the value, the larger the risk zone.
Risk Reward
Defines the ratio between risk and target. A value of 1.5 means that the target is 1.5 times farther away than the stop loss.
Box Width in Bars
Defines how far the box is drawn to the right side of the chart.
Colors
The colors for the stop-loss zone, take-profit zone, entry line, anchor point, and information boxes can be customized.
Label Settings
Font size, font type, label height, padding, and vertical text position can be adjusted individually.
Fast visual planning of long trades
ATR-based stop-loss and take-profit calculation
Freely movable entry anchor
Automatic adjustment to market volatility
Clear risk and reward zones
Additional details available with one click
Clean chart without permanently displayed labels
Suitable for Forex, gold, indices, crypto, and other markets
The indicator is especially useful for traders who want to plan long setups in a structured way. Through the ATR-based calculation, risk is not set randomly but adjusted to the current volatility of the market.
This helps evaluate setups more clearly, estimate potential target areas more realistically, and display the risk-reward ratio directly on the chart.
The indicator is an analysis and planning tool. It does not open trades automatically and does not generate independent buy or sell signals. The final trading decision always remains with the user.
Trading carries a high level of risk and may lead to financial losses. This indicator is a visual planning and analysis tool only. It does not provide financial advice, does not open trades automatically, and does not guarantee profits or future results.
All trading decisions, risk management, and position sizing remain the full responsibility of the user. Use this tool at your own risk and only trade with capital you can afford to lose.
