Dynamic Take Profit & Signals (DTS) help us to dynamically place potential take profit levels. These levels are measured based on standard deviation in conjunction with swing high and low points. Head over to the settings to control your take profit and multiplicative factor setting.
In short, higher values of either setting will return more spread out between tp's. The logic behind using the standard deviation is that a low value of it will return tp closer to where you entered the trade, as such it will have higher chances of the price reaching them.
The Indicator also has alert features for buy and sell so any trader can be aware of every potential signal the indicator produces.
How do you go about setting alerts based on this indicator?
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Hello, thank you very much for this tool. A quick question, how do I configure the alerts? Do you think you can help us please, we would all really appreciate it. Thanks!
@AussieBogan, interest Sir... would you like to add some feature like multitimeframe options and the table on chart that consists of information pivot high/low at current price.. V5 pinescript Is a good news Sir.Thanks Mate