HLine

The HLine indicator is a versatile tool designed to help traders visualize potential take profit and stop loss levels directly on their price charts. This tool automatically draws horizontal lines at user-defined pip distances from the current price, making it easier to plan and execute trading strategies.

Key Features:

- Dual Line Groups : Includes two independent line groups (Main Ruler Line and Secondary Ruler Line) that can be enabled separately with their own settings
- Customizable Line Styles : Choose from solid, dotted, or dashed line styles to suit your charting preferences
- Color Customization : Define unique colors for take profit and stop loss lines for clear visual distinction
- Symbol-Specific Pip Settings : Pre-configured pip values for popular symbols including XAUUSD, GBPUSD, MNQ1!, BTCUSDT.P, ETHUSDT.P, and more
- Heikin-Ashi Compatible : Works correctly with Heikin-Ashi charts by using the actual closing price
- Dynamic Line Positioning : Lines automatically update with price changes to maintain accurate distance measurements
How to Use:

1. 1.
Enable either or both line groups (Main and Secondary Ruler Lines)
2. 2.
Adjust the pip values for take profit and stop loss levels (supports custom pip settings per symbol)
3. 3.
Choose your preferred line style and colors
4. 4.
The indicator will automatically draw horizontal lines at the specified distances from the current price
Ideal For:

- Traders who want to quickly visualize potential entry and exit points
- Risk management planning by clearly defining stop loss levels
- Setting profit targets based on specific pip distances
- Maintaining consistency in trade sizing and risk across different symbols
This indicator is particularly useful for scalpers, day traders, and swing traders who rely on technical analysis and predefined price levels to make trading decisions.