Classic stop loss and take profit tools require manual measurement of wick lengths, structural pivots and risk-reward ratios, making the process slow, inconsistent and prone to error. This becomes even more unreliable when switching between day trading and swing trading, as traditional tools fail to adapt to volatility, oversized wicks and changing market structure.

Smart SL & TP Calculator automates this by detecting structural pivot highs and lows, analysing wick behaviour and applying ATR-based logic to generate precise stop loss and take profit levels. The engine adjusts pivot sensitivity based on trading style and uses a smart wick algorithm to reduce the impact of extreme wicks, avoiding unrealistic stop distances.

Take profit levels are calculated using both fixed risk multiples and adaptive targets. TP1 follows defined risk ratios, while TP2 aligns with resistance, support or Fibonacci extensions depending on market conditions, creating a balanced and structured exit framework.

The indicator draws clean SL, TP1 and TP2 levels directly on the chart, with labels, risk-reward values and optional shaded zones for immediate clarity. Use it to plan trades with precision, validate your risk before entry and maintain consistent execution without manual calculations.