Planning trades with clear risk-reward targets is essential for professional traders. The Zen R Targets indicator simplifies this process by automatically calculating 2R profit targets based on your preferred entry method—either a Stop Entry or a Close Entry.
Whether you’re a price action trader following Al Brooks methodology or a futures trader looking for clean execution, this tool helps you stay disciplined by clearly marking entries, stops, and 2R targets.
Click Here to Access the code (if you use another software other than Tradingview just copy the open-source code and use AI to see if you can use it that way.)
What is 2R and Why Does It Matter?
A 2R trade means you’re aiming for a reward that is twice your risk. If your stop is 5 points away from entry, your 2R target is 10 points. This structured approach helps traders:
✅ Maintain consistency in trade execution
✅ Remove emotional decision-making
✅ Focus on risk-reward instead of gut feeling
The Zen R Targets indicator automates this calculation, keeping your charts clean while giving you precise levels to plan your trades.
How Zen R Targets Works
The indicator provides two types of entry projections:
1️⃣ Close Entry
- Entry occurs at the close of the bar
- Stop is placed one tick below the low (for longs) or above the high (for shorts)
- 2R target is projected twice the risk from this entry
✅ Best for: Immediate market fills, momentum-based entries
2️⃣ Stop Entry
- Entry occurs one tick above (for longs) or below (for shorts) the bar
- Stop is placed one tick beyond the opposite extreme of the bar
- 2R target is calculated from the Stop Entry price
✅ Best for: Breakout trades, traders waiting for confirmation
IBS Filtering – Smarter Stop Entry Projections
Not all bars should have a Stop Entry projection. If a bull bar closes weakly below its midpoint, it’s unlikely to trigger a meaningful breakout. Similarly, a bear bar closing near its high doesn’t project strength.
The Zen R Targets indicator includes IBS Filtering to prevent weak bars from projecting Stop Entries.
How IBS Filtering Works:
✔ Bull Stop Entry requires IBS above threshold (default: 60%)
✔ Bear Stop Entry requires IBS below threshold (default: 40%)
This ensures only strong bars get projected for potential breakouts.
Features & Customization
🔹 Toggle Visibility – Choose to show/hide Close & Stop Entries separately
🔹 IBS Thresholds Adjustable – Customize IBS settings to filter weak bars
🔹 Optimized Display –
- Entry/stop markers gray for clarity
- 2R targets blue (bull) & red (bear)
🔹 Lightweight & Efficient – Designed to keep your chart clean while delivering precise targets
Watch It in Action – Live Trading & Tutorials
I stream live trading every week on the Brooks Trading Course YouTube channel and share advanced price action insights.
📺 Watch live trading & tutorials: Zen Trading Tech YouTube
🌎 Get more trading tools & strategies: ZenTradingTech.com
Final Thoughts – Trade Smarter, Not Harder
Zen R Targets is built to help serious traders execute with confidence by removing guesswork from trade management. Whether you’re scalping futures or swing trading, having clear 2R targets ensures structured decision-making.
Download the indicator, apply it to your charts, and start executing with precision today!
Zen Trading Tech 
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