shinninggoxhack scalping

Absolutely! Let's create a Pine Script indicator that includes buy and sell signals, along with take profit and stop loss levels. This will help you manage your trades effectively. Here’s a basic example to get you started:

//version=5
indicator("Buy Sell Signal with TP and SL", overlay=true)

// Input parameters
takeProfitPercent = input(1.0, title="Take Profit (%)") / 100
stopLossPercent = input(1.0, title="Stop Loss (%)") / 100

// Simple Moving Average for buy/sell signals
smaLength = input(14, title="SMA Length")
sma = ta.sma(close, smaLength)

// Buy and Sell conditions
buySignal = ta.crossover(close, sma)
sellSignal = ta.crossunder(close, sma)

// Variables to hold entry price
var float entryPrice = na

// Entry logic
if (buySignal)
entryPrice := close
if (sellSignal)
entryPrice := na

// Calculate Take Profit and Stop Loss levels
takeProfitLevel = entryPrice * (1 + takeProfitPercent)
stopLossLevel = entryPrice * (1 - stopLossPercent)

// Plotting Buy and Sell signals
plotshape(buySignal, style=shape.labelup, location=location.belowbar, color=color.green, size=size.small, text="BUY")
plotshape(sellSignal, style=shape.labeldown, location=location.abovebar, color=color.red, size=size.small, text="SELL")

// Plotting Take Profit and Stop Loss levels
plot(entryPrice ? takeProfitLevel : na, color=color.blue, title="Take Profit", style=plot.style_stepline)
plot(entryPrice ? stopLossLevel : na, color=color.orange, title="Stop Loss", style=plot.style_stepline)
Explanation of the Code:
Inputs:

Take Profit (%): Set the percentage for your take profit level.
Stop Loss (%): Set the percentage for your stop loss level.
SMA Length: The length of the Simple Moving Average used for generating buy/sell signals.
Buy and Sell Conditions:

A buy signal is generated when the price crosses above the SMA.
A sell signal is generated when the price crosses below the SMA.
Entry Price:

The entry price is recorded when a buy signal is triggered. It resets when a sell signal occurs.
Take Profit and Stop Loss Levels:

These levels are calculated based on the entry price and the specified percentages.
Plotting:

Buy and sell signals are plotted on the chart with labels.
Take profit and stop loss levels are displayed as lines on the chart.
Next Steps:
You can customize the SMA length and the percentages for take profit and stop loss according to your trading strategy.
Test the script on different time frames and assets to see how it performs.