TP_SL is a visual risk and reward indicator designed for cTrader that replicates the TradingView-style Long/Short position tool. It enables traders to quickly and intuitively plan trades by drawing and adjusting entry, stop loss, and take profit levels directly on the chart. The tool automatically calculates risk multiples (1R, 2R, 3R, 4R) based on the distance between entry and stop loss, projecting precise take profit zones.

Key features include a smart auto-flip function that switches between long and short positions by dragging the stop loss line above or below the entry line, clean bounded lines that avoid cluttering historical data, and dynamic price tracking that keeps the tool aligned with current price action. Users can draw the setup by holding SHIFT and left-clicking, then adjust levels with drag-and-drop, and delete the drawing with a single key press.

The indicator offers full customization of grid width, offset, colors, opacity, and text size to fit individual chart preferences. It supports visualization on bar-based data and is categorized under pattern indicators with a focus on key levels. TP_SL aims to facilitate precise trade planning and risk management while maintaining clean chart aesthetics.