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PROFIT ZONE PRO

Profit Zone Pro:

ProfitZone Pro is a risk-reward indicator that helps traders identify trade setups, manage risk, and set profit targets. Designed for simplicity, this free tool generates entry, stop-loss, and take-profit levels based on support and resistance, Trailing Stoploss and built in automated alerts, with additional features to enhance trade planning, Along with a learning mode based on successful trades made

Features

Trade Setup Identification: Detects potential buy (long) or sell (short) entries using support and resistance levels, with an optional trend filter based on a 50-period SMA.
Risk-Reward Zones: Displays entry (yellow), stop-loss (red), and take-profit (green) levels, with shaded risk (red) and reward (green) zones.
Position Sizing: Calculates position size based on user-defined risk percentage and account balance.
Breakeven and Trailing Stop: Includes a breakeven feature to move the stop-loss to the entry price at a user-defined percentage of the take-profit distance, and an optional trailing stop to lock in profits.
Confidence Score: Provides a volatility-based confidence score (0-100%) to assess setup reliability.
Learning Adjustment: Adjusts stop-loss distances based on the number of successful trades entered by the user.
Info Label: Shows position size, risk, reward, direction, confidence score, ATR, trend direction (if enabled), and trailing stop status.
Alerts: Sends notifications for entry, stop-loss, take-profit, breakeven, trailing stop, and theme changes.
Customizable Display: Offers options for zone opacity, line styles (solid, circles, dotted), zone labels, and color themes (Light, Dark, Custom).

Long Mode Feature:
https://www.tradingview.com/x/0O6wtCdH/

Short Mode Feature:

Trend Filter Feature:
https://www.tradingview.com/x/lwA0zMB8/

Auto Trading Mode:
https://www.tradingview.com/x/36Cx2XP2/

Usage Instructions

Add the indicator to your chart.
Adjust settings in the indicator’s properties:
Set Risk % of Account and Account Balance to define your risk and position size.
Choose Trade Direction (Auto, Long, or Short) to filter setups.
Enable Trend Filter to align trades with the market trend.
Turn on Trailing Stop and set Trailing Stop % of Reward to lock in profits.
Customize visuals (zone opacity, line style, colors) as needed.
Monitor the chart for entry (yellow), stop-loss (red), and take-profit (green) levels.
Use the info label to view position size, risk, reward, confidence score, and other details.
Set alerts for entry, stop-loss, take-profit, breakeven, and trailing stop events.
After a successful trade, increment Number of Successful Trades to adjust future stop-loss distances.