plot horizontal lines at a stop and a target.

[hockeycoachdoug]

I am sure this must already7 be here, but I have tried every search that I could dream up to no avail. This is what I seek-
An indicator that I can click on a price, and it will then plot horizontal lines at a stop and a target. I want to define the amount of the stop as an input so I can change it, and the target line should then plot at a input defined multiple. EX.- click on a price (BUY/SELL), then it will plot the stop and a multiple of the stop amount such as 2-1, 3-1 as a target.
I could set up a OCO conditional order, but I would like it to be an indicator if possible.
Any hints where to look? Thanks

 

[halcyonguy]

I am sure this must already7 be here, but I have tried every search that I could dream up to no avail. This is what I seek-
An indicator that I can click on a price, and it will then plot horizontal lines at a stop and a target. I want to define the amount of the stop as an input so I can change it, and the target line should then plot at a input defined multiple. EX.- click on a price (BUY/SELL), then it will plot the stop and a multiple of the stop amount such as 2-1, 3-1 as a target.
I could set up a OCO conditional order, but I would like it to be an indicator if possible.
Any hints where to look? Thanks

you can use a drawing tool to draw lines on a chart and add notes to them.
we can't make scripts that react from a mouse click.

if you can come up with a formula to describe your stop loss, maybe a risk/reward study could be changed to be close to what you want?
https://usethinkscript.com/search/679606/?page=1&q=risk+reward&o=date

 

[hockeycoachdoug]

Thanks @halcyonguy for your input. I know I can draw the lines, but it would be nice if they could draw automatically. Maybe based of the close of the bar, but I can't see how to make that work either without a mouse click or something. Prolly use OCO conditional. Thanks for helping me.

 

[halcyonguy]

Thanks @halcyonguy for your input. I know I can draw the lines, but it would be nice if they could draw automatically. Maybe based of the close of the bar, but I can't see how to make that work either without a mouse click or something. Prolly use OCO conditional. Thanks for helping me.

clicking doesn't interact with thinkscript.
if you can come up with a formula of conditions, that changes to true when to buy, it could be used to trigger the lines to be drawn.

 

[hockeycoachdoug]

Thanks for giving me direction. Will see what I an come up with and thank you.

 

[selected.deals]

this will give you what you need without additional indicator