Portfolio HeatThe "Portfolio Heat" indicator offers a visual representation of potential risk exposure for a portfolio across up to eight different symbols. It dynamically calculates three risk metrics based on current price, the number of shares owned, your designated stop loss, and total account size.
Open Dollar Risk – the total dollar amount you will lose if your stop loss is hit.
Open % of Portfolio Risk – the risk as a percentage of your total account size.
Starting Capital Risk – the dollar amount risked based on the difference between the entry price and stop price.
These metrics adjust in real-time, allowing you to monitor and manage risk more effectively.
Open portfolio heat refers to how much you would lose if all your currently held stock positions hit their stop-losses, whether those stop-losses are below what you paid for them - referred to as your “cost basis” - at your cost basis (breakeven) or above your cost basis (in the money). Admittedly, it’s a pretty bad day when all your stops are hit at once, but as traders we need to prepare for the worst. To visualize what “open heat” looks like on a single stock position, please note the chart below:
In the example above you can see that if you were to purchase 100 shares of this stock at a cost-basis of $18/share, and your stop-loss is placed at $15, if the current price of the stock is at $20 and the stock price drops to hit your stop-loss, it would result in a $500 total drawdown in your portfolio. Keep in mind this is just one stock position. Hypothetically, if you were even holding two stocks that had the above open heat, with a $10,000 account size, you could experience a 10% drawdown quite fast if the market corrects.
The “Portfolio Heat” indicator is fully customizable allowing traders to select the number of positions in the portfolio, colors and a detailed or a summary view of risk.
Note if entering a short position, you will enter the number of shares owned as a negative number.
Riskmangement
Drawdown Dynamics IndicatorDescription :
The Drawdown Dynamics Indicator is a straightforward tool that offers insights into three critical aspects of an asset’s financial performance: Total Max Drawdown, Rolling Period Max Drawdown, and Current Max Drawdown. Inside of the indicator, you can select to view either the rolling period max drawdown or the all-time max drawdown. This is represented by the gray line. The blue line represents the asset's current drawdown.
Rolling Period Max Drawdown is more about a snapshot view, highlighting the maximum loss from a peak to a trough for an adjustable rolling time frame. This is a feature not available with other indicators that exist on TradingView.
Total Max Drawdown gives a broad view, showcasing the all-time deepest decline in an asset’s value.
Current Max Drawdown offers a live update, focusing on the asset's present phase and how it's performing in real-time.
Practical Uses :
The utility of this indicator becomes evident when you start exploring the risks and performance metrics of assets. A notable use of this indicator is in comparing the drawdowns of a trading strategy against the inherent drawdowns of an asset. It helps in painting a clearer picture of risk and performance of both the asset and the strategy.
Risk Understanding : By comparing the strategy drawdown to the asset drawdown, traders get to understand if the risk they’re taking aligns with the asset’s natural risk behavior.
Evaluating Strategy’s Strength : If a strategy can weather the storms of the asset's natural drawdown phases and come out relatively unscathed, it can speak to its strength.
Performance Comparison : It also acts as a benchmark tool. Traders can pit different strategies against each other, using the asset’s drawdown as a baseline, to see which one manages risks better.
Disclaimer : This is not financial advice. Open-source scripts I publish in the community are largely meant to spark ideas that can be used as building blocks for part of a more robust trade management strategy. If you would like to implement a version of any script, I would recommend making significant additions/modifications to the strategy & risk management functions. If you don’t know how to program in Pine, then hire a Pine-coder. We can help!
Curved Management (Zeiierman)█ Overview
The Curved Management (Zeiierman) is a trade management indicator tailored for traders looking to visualize their entry, stop loss, and take profit levels. Unique in its design, this indicator doesn't just display lines; it offers rounded or curved visualizations, setting it apart from conventional tools.
█ How It Works
At its core, this indicator leverages the power of the Average True Range (ATR), a metric for volatility, to establish logical stop-loss levels based on recent price action. By incorporating the ATR, the tool dynamically adapts to the market's changing volatility. What sets it apart is the unique curved visualization. Instead of the usual straight lines representing entry/sl levels, users can choose between rounded and straight edges for their take profit and stop loss levels. This aesthetic tweak gives the chart a cleaner look and offers a more intuitive understanding of risk management.
█ How to Apply the Indicator
Upon initially loading the indicator, a label appears that reads, "Set the 'xy' time and price for 'Curved Management (Zeiierman).'" This prompts you to click on the chart at your entry point. After selecting your entry point on the chart, the indicator will load. Ensure you adjust the trend direction in the settings panel based on whether you took a long or short position.
█ How to Use
Use the tool to manage your active position.
Long Entry
Short Entry
█ Settings
The indicator comes packed with various settings allowing customization:
Trade Direction
Decide the direction of the trade (long/short).
Reward multiplier
Sets the ratio for take profit relative to stop loss. Increasing this value will set your take profit further from the entry, and decreasing it will bring it closer.
Risk multiplier
Multiplier for calculating stop loss based on the ATR value. Increasing this makes your stop loss further from the entry, while decreasing brings it closer.
█ Related Free Scripts
Trade & Risk Management Tool
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Interactive MA Stop Loss [TANHEF]This indicator is "Interactive." Once added to the chart, you need to click the start point for the moving average stoploss. Dragging it afterward will modify its position.
Why choose this indicator over a traditional Moving Average?
To accurately determine that a wick has crossed a moving average, you must examine the moving average's range on that bar (blue area on this indicator) and ensure the wick fully traverses this area.
When the price moves away from a moving average, the average also shifts towards the price. This can make it look like the wick crossed the average, even if it didn't.
How is the moving average area calculated?
For each bar, the moving average calculation is standard, but when the current bar is involved, its high or low is used instead of the close. For precise results, simply setting the source in a typical moving average calculation to 'Low' or 'High' is not sufficient in calculating the moving average area on a current bar.
Moving Average Options:
Simple Moving Average
Exponential Moving Average
Relative Moving Average
Weighted Moving Average
Indicator Explanation
After adding indicator to chart, you must click on a location to begin an entry.
The moving average type can be set and length modified to adjust the stoploss. An optional profit target may be added.
A symbol is display when the stoploss and profit target are hit. If a position is create that is not valid, "Overlapping MA and Bar" is displayed.
Alerts
'Check' alerts to use within indicator settings (stop hit and/or profit target hit).
Select 'Create Alert'
Set the condition to 'Interactive MA''
Select create.
Alert messages can have additional details using these words in between two Curly (Brace) Brackets:
{{stop}} = MA stop-loss (price)
{{upper}} = Upper MA band (price)
{{lower}} = Lower MA band (price)
{{band}} = Lower or Upper stoploss (word)
{{type}} = Long or Short stop-loss (word)
{{stopdistance}} = Stoploss Distance (%)
{{targetdistance}} = Target Distance (%)
{{starttime}} = Start time of stoploss (day:hour:minute)
{{maLength}} = MA Length (input)
{{maType}} = MA Type (input)
{{target}} = Price target (price)
{{trigger}} = Wick or Close Trigger input (input)
{{ticker}} = Ticker of chart (word)
{{exchange}} = Exchange of chart (word)
{{description}} = Description of ticker (words)
{{close}} = Bar close (price)
{{open}} = Bar open (price)
{{high}} = Bar high (price)
{{low}} = Bar low (price)
{{hl2}} = Bar HL2 (price)
{{volume}} = Bar volume (value)
{{time}} = Current time (day:hour:minute)
{{interval}} = Chart timeframe
{{newline}} = New line for text
I will add further moving averages types in the future. If you suggestions post them below.
Moving Average Cross trade PLAbstract
This script evaluates the potential trading proceeding and loss of the moving average cross strategy and plot it as a chart.
We can use it as a reference to whether we follow the original trading signals or not.
Introduction
Moving average cross is a popular trading strategy.
The strategy suggests traders buy when the short term moving average is above the long term moving average and sell when the short term moving average is below the long term moving average.
However, just like the most technical indicators, the signals are not always accurate.
This problem causes traders don't have sufficient confidence to trade with these signals.
On the other hand, the natural risk management suggests us only invest after major risks are past.
Therefore, we wait until many counterexamples of trading signals are past.
What will happen if we imagine that following a specific trading signal is a fund?
We can evaluate the potential trading proceeding and loss and plot it as a chart.
And then, we can measure how much loss may encounter in many worst cases and regard it as a reference to whether we follow the original trading signals or not.
How it works
1. Determine the instruments and time frames we are interested in.
2. Determine the long term moving average and the short term moving average.
3. The strategy suggests traders buy when the short term moving average is above the long term moving average and sell when the short term moving average is below the long term moving average.
4. The potential trading proceeding and loss is plotted as a chart.
5. There are two colors in the chart. One is when the short term moving average is above the long term moving average and the other is when the short term moving average is below the long term moving average.
6. We can observe the local maximum and the local minimum or apply other indicators we are interested in on the numbers it provides.
Parameters
x_type1 = How to compute the short term moving average. The option diff means the price several days ago.
x_src1 = How to summarize the price of a trading day. It depends on the open, high, low or close prices.
x_ma1 = How many days included in the short term moving average. When it is 1, the signal becomes when the price is above or below a single moving average.
x_type2 = How to compute the long term moving average
x_src2 = How to summarize the price of a trading day. It depends on the open, high, low or close prices.
x_ma2 = How many days included in the long term moving average
Conclusion
This indicator can quantize the potential trading proceeding and loss and can imply when following the original trading signals is good or not.
Combining the instruments which are long term investible and use this indicator to avoid potential risks, we can make proceeding better than holding the major stock markets.
Equity Trade Risk ManagerEquity Trade Risk Manager is a simple indicator that helps you protect your portfolio by going into each trade risk first !
Equity Trade Risk Manager does this by calculating your ideal position size or ideal stop loss based on your account size, purchase price and risk tolerance. This ensures you are never risking more than your predetermined amount on each trade.
Unlike most position size calculators, that will only tell traders how many shares to purchase, Equity Trade Risk Manger allows the trader to choose whether they want to calculate the ideal number of shares to purchase or where to set the trades stop loss based on the number of shares owned. Not only that, but knowing traders need to act fast, the indicator also gives the option to quickly use the current price and low of the day as an entry and stop. Lastly, your stop loss will be plotted onto the chart for a visual aid.
Features:
Dynamic Risk Settings:
Account Customization: Input your account size to get metrics tailored to you.
Calculation Choices: Decide if you want the tool to calculate the number of shares you should buy or where to set your stop-loss.
Custom Risk Parameters: Use preset risk percentages or set your own to match your comfort level.
Price Point Flexibility:
Enter your entry and stop price or opt to use the current price and the low of the day.
Interactive Display Settings:
Customizable Interface: Adjust table positions, text size, and color schemes to match your trading dashboard aesthetic.
On-Chart Stop-Loss Indication: Visualize your stop loss on the chart itself.
Get a snapshot of your dollar risk, position size, shares to buy, and stop-loss.
TradePlannerTradePlanner is trade planning tool which helps to map out your trade plan by displaying an entry line, a stop line, and multiple target lines (up to 5 targets) right on the chart. Each line can be configured to display the distance from the entry in terms of both number of ticks as well as the profit/loss in currency terms. An on-screen table quantifies and summarizes the entire trade plan information plus it calculates and displays the maximum lot size given the specified amount of risk you want to take per trade, which is totally customizable, all of which takes the guesswork out of trade planning.
Trade size calculatorThis script will calculate recommended Trade Size based on your Risk appetite, Trading style and Current market volatility. Once you input “ RiskPerTrade ” amount, It automatically adjusts recommended Trade Size for changes in markets behavior. You have an option to select “ Long Term ”, “ Short Term ” & “ Intraday ” as your Trade Type. Your Rec Size (Trade Size) will be calculated and printed on you chart.
How it works:
It calculates recommended trade size using your accepted risk ( RiskPerTrade input) and instruments current average price range.
It uses different multipliers to adjust the trade size based on your Trade Type .
Intraday trades are assumed to be closed within the same trading session and therefore will have the highest recommended size.
Short Term trades assume the overnight risk added to the positions and recommend a lower size.
Long Term trades assume overnight & weekend risk added to the position and therefore recommend the smallest size.
Your Trade Size is the key to Risk Management. This Indicator is simple but powerful when used with a good Portfolio Management Strategy. Just add the indicator to your chart and configure its inputs as per your trade plan.
How to configure the Indicator
Input 1 - Add RiskPerTrade amount
Input 2 - Select your Trade Type
Input 3 - Add a negative number in BarsRight to position the label in the desired location of your screen.
Important Display Setting - “ BarsRight ” Input - If you CAN'T SEE the Yellow Label on the chart after you added the indicator, set this number to a large negative no. for example -200 and then adjust the number to get the label positioned where you would like. This happens due to various screen formats and resolutions.
Please note: This indicator is designed for Equities, Stocks or ETFs only. For users in markets not priced in US dollar, make sure your instrument’s price and your RiskPerTrade amount are in the same currency.
Risk Management GO8686: Stop Loss, Position Size & TargetFull Name: Risk Management GO8686: Stop Loss, Position Size & Target
What this indicator provides:
A dashboard to calculate Stop Loss, Position Size and Target, where users can customize Risk Management parameters in the setting.
Position Size: calculated from "initialCapital", "Leverage", "Max Loss", "feeMaker", "feeTaker".
Stop Loss Price: using pivots, default length is set to 3, with an extra ATR value controlled by "'Multiplier OF Extra ATR".
Target: calculated from entry price, risk reward, distance between entry and stop loss, fees
What the indicator does Not provides:
entries of positions: The Long/Short entries displayed are just MACD signal crossing zero, users can apply their own entry logic, by modifying ready2L / ready2S variables.
What the indicator does Not guarantee:
the integrity, timeliness, accuracy, and comprehensiveness of the data, calculation method, calculation results, etc.
Two types labels:
1. Automated labels: they are displayed when MACD signal crossing zero, use "Display History Labels" to toggle display or not.
2. Setup Manually label: located at the right side of the latest bar, to display results when users setup manually
The settings of the indicator:
"Toggle to Reload",
"InitialCapital", "Leverage", "Max Loss % per trade", "feeMaker", "feeTaker",
4 length inputs for Pivot, "Multiplier of Extra ATR for stop loss",
"Toggle To setup manually", "Toggle between Long / Short", "Entry Price, set manually", "Stop Loss Price, set manually", "Risk-Reward Ratio"
"Display History Labels"
---------- Disclaimer ----------
Before using or requesting access to the indicator, customers/users acknowledge that they have read and accepted that the indicator, any associated contents on all social medias and any communication with the indicator author, including but not limited to: product and service details, signals, alerts, data, calculation methods, calculation results, user manual, tutorials, ideas, videos, chats, messages, emails, blogs, tweets, etc. are provided solely for educational purpose and Not as financial advice. Customers/users understand and agree to use the aforementioned indicator and information at their own risk.
---------- Updates ----------
The latest updates override the previous content.
To activate a update, if it does not load as expected: close the indicator, save the chart, clear browser caches, restart the browser, reload the chart and apply the indicator to the chart.
Ta StrategyHello guys
This script follows traditional technical indicators
MACD, ADX, RSI and pivot points
If the price is above the resistance and the MACD has crossover ,and the RSI 14 is above 50
ADX is higher than 20, and DI+ is higher than DI-. This is a buy signal and vice versa for a sell signal
The script moves the stop loss to the entry price after the first target is reached
You can specify the quantity you want to sell when the price reaches the first target
There are also options like if you want the script to entry long or short, or both
you can reverse the strategy if it does not work well
If you want to inquire about any details, please let me know in the comments
(Simple) Lot Size CalculatorPip Calculator: A Guide for Traders
The Pip Calculator is a powerful tool designed to help traders calculate their lot size based on their account balance, risk percentage, and stop loss in pips. This guide will walk you through using the Pip Calculator script and explain its features.
Features of the Pip Calculator:
User-friendly UI : The Pip Calculator provides a simple and intuitive user interface, making it easy to input your account details and obtain the desired lot size.
Flexible Inputs : The Pip Calculator allows you to enter your account balance, risk percentage, and stop loss in pips. This flexibility enables you to customize the calculation according to your trading strategy.
Dynamic Currency Pair Support : The Pip Calculator supports various currency pairs and their respective pip values. The script automatically detects the currency pair of the chart you're viewing, ensuring accurate calculations.
Real-time Lot Size Display : The Pip Calculator instantly calculates and displays the lot size based on your inputs. The lot size is updated in real-time as you adjust your account balance, risk percentage, or stop loss.
Visual Representation : The Pip Calculator visually presents the calculated lot size on the chart, making it easy to understand and reference during your trading activities.
Using the Pip Calculator:
Install and Apply the Script : To use the Pip Calculator, install it as an extension on your preferred trading platform (such as TradingView). Apply the script to the chart of the desired currency pair.
Enter Account Details : In the script's user interface, enter your account balance, risk percentage, and stop loss in pips. These details are essential for accurate lot size calculation.
Review Currency Pair Support : The Pip Calculator automatically detects the currency pair of the chart. Ensure that the currency pair is supported by checking the "Currency pair not supported" message. Currently, GBPJPY is the supported pair.
Observe Real-time Lot Size : Once you've entered the required information, the script will calculate and display the lot size in real-time. The lot size is adjusted automatically as you modify your inputs.
Visualize the Lot Size : The calculated lot size is displayed on the chart as a label. You can easily view and reference the lot size while analyzing price movements.
Customize the UI : The Pip Calculator allows you to customize the appearance of the lot size label. You can adjust the text color, background color, and choose whether to show or hide the lot size label.
Note: The Pip Calculator script is intended as a tool to assist traders in determining an appropriate lot size based on their account balance, risk percentage, and stop loss. It should be used in conjunction with a comprehensive trading strategy and risk management principles.
Advantages of the Pip Calculator:
Accuracy: The Pip Calculator incorporates accurate pip values for supported currency pairs, ensuring precise lot size calculations.
Simplicity: The user-friendly interface and intuitive design make it easy for traders to calculate their lot size without complex calculations or manual estimations.
Real-time Updates: The Pip Calculator provides instant lot size updates, allowing traders to adapt their position sizing based on changes in account balance, risk percentage, or stop loss.
Visibility: The visual representation of the lot size on the chart helps traders quickly identify their desired position size and monitor it during trading activities.
The Pip Calculator offers a convenient and efficient way to determine lot sizes based on your trading parameters. By using this tool, you can enhance your risk management practices, maintain consistency, and stay aligned with your trading plan.
Disclaimer: The Pip Calculator script is provided for informational purposes only and should not be considered as financial advice. Trading in the financial markets carries inherent risks, and it is essential to perform your own analysis and consult with a qualified financial advisor before making any investment decisions.
Crypto Risk CalculatorCrypto Risk Calculator 's logical is bring the differential between Entry price and Stoploss price, your acceptable risk and your account size to calculate the loss size first then convert to the 'Amount coins' and have another feature like auto scale static target calculate by your loss size with RRR (Risk Reward Ratio). Give you to get easier to manage your orders. *** Create to use for Cryptocurrencies Future market ***
Key Features:
📈 Real-time Risk Assessment: Enter the amount you are willing to risk, and Crypto Risk Calculator will calculate the appropriate position size for your futures trade in real-time.
🎯 Target Lines and Static Target Prices based on RRR: Set your desired Risk-Reward Ratio (RRR), and let Crypto Risk Calculator auto-generate target prices according to your RRR. Additionally, place target lines to visualize the expected profit if the price hits that line.
⚙️ Customizable Parameters: Adjust risk percentage, RRR, and other parameters to tailor the tool to your trading strategy.
👁️ User-Friendly Interface: Crypto Risk Calculator features an easy-to-use and intuitive interface for both beginners and seasoned traders.
Usage:
Step 1: Place your entry price
Step 2: Place your stop loss price
Step 3: Place your target price
Step 4: Confirm your account detail
Step 5: Bring the 'Amount coins' to use
Parameter:
Initial account size
Risk percent
Leverage
Entry price
Stop price
Target price
Show your target price
Show static target prices
Number of your static target prices
Table position
Text size
Background color
Text color
Border color
Data output:
Chart
Entry price line
Stop loss price line (loss in base unit currency)
Target price line (profit in base unit currency)
Table
Account size
Risk percent
Leverage
Margin
Entry price
Stoploss price
Amounts coin
Fibonacci Levels on Any Indicator [By MUQWISHI]▋ INTRODUCTION :
A “Fibonacci Levels on Any Indicator” can be applied to any indicator to draw Fibonacci levels based on provided conditions of two price points to produce a sequence of horizontal line levels starting from 0% to 100% in addition to extension levels. The 0% level is measured as the start of retracement, while the 100% level is the beginning of the extension levels. This tool was developed to be easy to add to any indicator, and it could be valuable to some traders in terms of managing trades by setting targets and reducing risk in the trend direction.
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▋ USAGE:
➤ NEEDS TO IDENTIFY 4 ELEMENTS:
1. Starting Point. What’re the conditions / When will the drawing of the Fibonacci levels begin?
2. Ending Point. What’re the conditions / When will the drawing of the Fibonacci levels end?
3. High Point. What is the price for a 100% Fibonacci level (0% for the downside)?
4. Low Point. What is the price for a 0% Fibonacci level (100% for the downside)?
➤ STARTING & ENDING POINTS CONDITIONS:
Need to specify the condition when the drawing of Fibonacci levels starts and ends, and the indicator shows different prepared conditions.
New Phase: Import a value (plot) from an existing indicator, where its status changes from NaN to a real number.
Crosses Above/Below: Import a value(1) (plot) from an existing indicator, where it crosses above/below value(2).
Reversal Up/Down: Import a value(1) (plot) from an existing indicator, where it rises/decreases than the previous value(1).
First/Last Bar: Useful to draw stationary Fibonacci levels.
➤ UPPER & LOWER PIVOTS (0% & 100%):
Need to specify the two price points representing 0% & 100% Fibonacci levels to expose the sequence of Fibonacci lines.
Upper Pivot. By default, the ATR Upper Band. It’s possible to import a custom value from an existing indicator.
Lower Pivot. By default, the ATR Lower Band. It’s possible to import a custom value from an existing indicator.
➤ FIBONACCI STYLING OPTIONS:
Ability to customize line & label style, color, reverse, and hide/show levels.
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▋ IMPLEMENTATION:
Here are some examples of implementing the indicator.
Note: All presented examples below are for demonstration purposes, and they're not trading suggestions.
＃ Example 1: (Reversal Up/Down)
We want to implement Fibonacci levels on the Hull MA by mohamed982 . Our requirements are as follows:
Fibonacci levels start when the Hull MA reverses up.
Fibonacci levels end when the Hull MA reverses down.
Upper Pivot is the ATR Upper Band.
Lower Pivot is the ATR Lower Band.
After adding the required indicator (Hull MA), here’re the implementation and results
＃ Example 2: (Crosses Above/Below)
We want to implement Fibonacci Level on the Squeeze Momentum by LazyBear . Our requirements are as follows:
Fibonacci levels start when the Squeeze Momentum histogram crosses above 0.
Fibonacci levels end when the Squeeze Momentum histogram crosses below 0.
Upper Pivot is the Bollinger Upper Band.
Lower Pivot is the Bollinger Lower Band.
After adding the required indicators (Squeeze Momentum & Bollinger Band), here’re the implementation and results
＃ Example 3: (Crosses Above/Below)
We want to implement Fibonacci Level on the Crossing Moving Averages. Our requirements are as follows:
Fibonacci levels start when the 20-EMA crosses above 100-MA.
Fibonacci levels end when the 20-EMA crosses below 100-MA.
Upper Pivot is the ATR Upper Band.
Lower Pivot is the ATR Lower Band.
After adding the required indicators (20-EMA & 100-MA), here’re the implementation and results
＃ Example 4: (New Phase: When the previous value is NaN, and the current value is a real number.)
We want to implement Fibonacci Level on the Supertrend. Our requirements are as follows:
Fibonacci levels start when an up-Supertrend (green) line shows up.
Fibonacci levels end when a down-Supertrend (red) line shows up.
Upper Pivot is the down-Supertrend.
Lower Pivot is the up-Supertrend.
After adding the required indicator (Supertrend), here’re the implementation and results
＃ Example 5: (First/Last Bar)
We want to implement Fibonacci Level between two points, 330 & 300. Our requirements are as follows:
Fibonacci levels start at first bar on the chart.
Fibonacci levels end at last bar on the chart.
Upper Pivot is 330.
Lower Pivot is 300.
Here’re the implementation and results.
To customize the number of bars back (like 50 bars)
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▋ Final Comments:
The “Fibonacci Levels on Any Indicator” is made to apply on other indicators for planning Fibonacci Levels.
It can be implemented in different ways, along with presented examples.
This indicator does not work with plots that were developed by drawing classes.
Please let me know if you have any questions.
Thank you.
Take profit and Stop Loss ATR HL [Tcs] | ALGOThis indicator helps traders set stop loss and take profit levels based on either ATR or High-Low range.
The indicator calculates stop loss and take profit levels for both long and short positions, based on the user's input of ATR length, ATR smoothing method, and multiplier levels for each level. It’s possible to set 3 levels of take profit, for both long and short trades.
The indicator also includes the option to show or hide levels, bands, and labels for the calculated stop loss and take profit levels.
Additionally, the indicator has a function to calculate the user's risk based on their account balance, risk percentage, and broker fees.
Overall, this indicator can be helpful for traders who use stop loss and take profit levels in their trading strategies and want a visual representation of those levels on their charts.
Please note that this indicator is for educational purposes only and should not be used for trading without further testing and analysis.
SwingConfidence ScoreSwingConfidence is a scoring system that helps us quantitatively manage risk & position size in swing trading.
SwingConfidence uses T3 moving average to determine the swing state in which the instrument is in. So, this is supposed to be used with my previously posted Simple Swing with T3MA indicator . The T3MA ribbon consists of a fast and a slow moving average (MA). The ribbon is green when the fast MA is above the slow MA. This green ribbon represents the upswing. Similarly, the red ribbon represents the downswing.
The score takes into account the swing state of 2 chosen benchmark indices (by default, these are NIFTY & CNXSMALLCAP). It has 2 components:
- Weekly Swing
- Daily Swing
Weekly Swing
The script uses the Simple Swing indicator on weekly charts of of 2 benchmark indices to determine whether the index is in a weekly upswing or downswing.
- If the color of the weekly ribbon is green, we are in a weekly Upswing.
- If the color of the weekly ribbon is red, we are in a weekly Downswing.
Daily Swing
The script uses the Simple Swing indicator on daily charts of 2 benchmark indices to determine the daily swing state. There can be any one of total 6 swing states on a daily chart:
- Early Upswing (close above red ribbon)
- Confirmed upswing (green ribbon)
- Upswing under strain (close inside green ribbon)
- Early Downswing (close below green ribbon)
- Confirmed downswing (red ribbon)
- Downswing under strain (close inside red ribbon)
SwingConfidence Scoring
The script prints the Weekly & Daily Swing states, & assigns a score to each index from 0 to 50, where 0 is the most bearish score, & 50 is the most bullish score. The sum of the scores is the final SwingConfidence score. e.g. If both indices are in a confirmed upswing, then the score reads 50 + 50 = 100.
How to use the SwingConfidence score?
There are multiple ways by which we can use the SwingConfidence score:
- If the SwingConfidence value is 100%, then we can go in with the maximum open risk our strategy allows. As the score starts decreasing, we keep on closing/modifying our positions, so as to keep the open risk proportionately down. Once the score reaches to zero, we must not be having any open risk. We can achieve this by either going in all-cash, or bringing the stop losses to breakeven.
- Another way is to use this is via a progressive exposure method. If the SwingConfidence value is 100%, then we go with full position size (e.g. 1% capital-at-risk). If the value is 0%, we sit out in cash. Between these 2 extremes, we reduce/increase our position size accordingly.
Please note that this script will display only on the daily timeframe.
[MAD] Position starter & calculatorThe tool you're using is a financial instrument trading planner and analyzer.
Here is how to use it:
Trade Planning: You can plan your trade entries and exits, calculating potential profits, losses, and their ratio (P/L ratio).
You can define up to five target closing prices with varying volumes, which can be individually activated or deactivated (volume set to 0%).
Risk Management: There's a stop-loss function to calculate and limit potential losses.
Additionally, it includes a liquidation pre-calculation for adjustable leverages and position maintenance(subject to exchange variation).
Customization: You can customize the tool's appearance with five adjustable color schemes, light and dark.
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Initiation: This tool functions as an indicator.
To start, add it as an indicator.
Once added, you can close the indicator window.
Now wait, till you'll see a blue box at the bottom of the input window.
Parameter Input:
Enter your parameters (SL, box left, box right, TP1, TP2, TP3, TP4, TP5) in the direction of the desired trade.
Click from top to bottom for a short trade or bottom to top for a long trade.
Adjustment: If you want to move the box in the future, adjust the times in the indicator settings directly as click input is not yet platform-supported.
This tool functions as a ruler and doesn't offer alerts (for now).
Here is another examples of how to set up a Position-calculation but here for a short:
Have fun trading
AWD TRADE MANAGER (ATM) by ManhDNAWD TRADE MANAGER (ATM) is a position management tool including with some advanced features and entry suggestions. It helps you to do most of position calculations and position management, reduce time spent for charting by alerts.
There are 3 main things to describe about the manager:
(1) The original function of the manager is to help traders to manage their trades with automatic calculations of all factors of their trades with some of input values. For example, it will calculate the trade volume when you enter the bet size, entry and stop loss price. It calculates take profit price when you enter entry, stop loss prices and the risk/reward ratio, …
(2) Another function is the system of alerts. After set up a trade, create an alert and the manager will do the rest. It will send you an alert when the limit order got filled, got stopped out, take profit level hit, or even it reached a key level or an opposite/spike move just occurred…
(3) Entry suggestions: Suggest entries with price action strategies. Details bellow.
Features in details:
(1) Automatic calculations:
- Auto calculate trade volume based on entry, stop loss prices and the money users willing to lose when the trade is failed. Auto detect some type of assets and volume will be calculated in USD (for cryptocurrencies) or in lot (for forex).
- Auto calculate take profit price based on entry, stop loss prices and expected rr ratio.
-Auto suggest take profit price based on pivot points.
- Auto suggest stop loss price based on pivot points.
- You can enter several exit points with percentages and the manager will calculate the averaged risk reward ratio you earned after the last exit price reached.
- Quick entry price pick to reduce typing requirement.
- Quick trade set up: 2 checkboxes and 1 number entering to set up a trade.
(2) Alert system
After setting up a trade and creating an alert of the manager, it will follow the market and your order. It will send you alerts for all the events that you should follow up your position. These alerts can be sent to your pc, your phone and your smart watch, so even you are a full-time day trader, you will save your time for charting or managing your positions. Here’s the list of alerts:
- Sending alert when suggesting an entry with details calculated from preset inputs so you can just pick that info to enter the position including trading volume, entry, stop loss, take profit prices, timeframe, estimated risk-reward ratio …
- Sending alert when a limit order got filled and auto switch to position-managing-mode.
- Sending alert when a limit order in still staying unfilled but should be canceled (because of price reaching a key level or is running too far, …)
- Sending alert when the position got stopped out or TP hit.
- Sending alert when the running position reached a key level and need to be watched out.
- Sending alert when a spike move or opposite move just occurred.
- Sending alert when a position is taking too long to run.
- You can also set 3 levels of price with messages then ATM will send you alerts when price reaches those levels.
- When price runs, ATM might suggest you to move stop loss to levels based on pivot points by sending you alerts.
- Alert when a BOS occurred.
- Options to turn on/off each kind of alert.
(3) Entry suggestions.
The script included price action entry suggestions.
The 1st strategy is getting in a position when a candle pattern occurred and confirmed by MA20.
The 2nd strategy is detecting double top/bottom and a candle pattern confirm break out after that.
The 3rd strategy is a pullback strategy, in a trending market, a candle pattern occurs and confirms the pullback ends, it will suggest an entry.
All those strategies I am using by myself for a long period of time but to make sure they are good for your trading style, do your own research and backtest before use. Keep in mind to manage risk and be responsible to your capital.
User side modifications:
- Those price action strategies have some major arguments that users can tune themselves to make it meet their style or their needs like choosing method to suggest entries, refine entry quality by changing the confirmation methods,…
- Most of appearance factors can be changed by users.
- one-click to toggle between full features and simple mode.
TradingView Chart demo pictures:
Author's bio:
I have been a full-time day trader for 7 years. I like coding with Pinescript and I also developed some helpful indicators that provide unique aspects to approach markets and the most favorite one from that is Relative Volume Index (RVI) that will be introduced in near future.
Disclaimer:
This tool has been tested and been using for my own trading career for a long period of time but practicing to use it yourself to understand it and use it correctly is needed. All of the features have been carefully tested before publishing but make sure to double-check all the info you get from it before getting into a trade to avoid losing money by a sudden mistake or even a bug. Keep in mind you will need to take all the responsibility with your capital or any potential loss while using this tool.
If you get anything wrong while using it, please leave some comments bellow, all of your ideas or suggestions will be taken seriously.
Thank you in advance!
(It is not possible to explain all the settings or features within the description, If you have questions, please leave comment, I will answer to help you to get familiar with the tool.)
Position Tools [Lot,Profit,Loss,Entry,RR,Balance][Mir Nader]This indicator is the advanced version of the position tool in Trading View. When I opened a trade in Metatrader, I had to switch between the MetaTrader and Trading View programs for the amount of profit or loss, that's why I thought of writing an indicator that shows the exact amount of profit, loss, size and other values of the open trade. It came to my mind.
Also, when you use the reply section for backtesting, this indicator helps you to use all the necessary information in each Trade to accurately calculate Trades.
To enter, it is enough to specify the three entry points, target and stop loss according to the message that is displayed to you, so that all the necessary information will be displayed for you.
Well, let's get to the main explanation about how the indicator works :
The indicator consists of two parts :
1 - the calculation table
2 - trade on the chart
Calculation table
This table shows the exact calculations of your trade live.
As you can see, this table consists of 10 sections, which I will describe each.
1 - Your trade entry point on the chart
2 - Your Stop Loss point along with the loss Pip amount
3 - Your Take Profit point along with the Profit Pip amount
4- The fourth part of the table, which is the most important part in my view, shows your current profit amount according to the risk percentage and your Broker Commission per Lot you have defined for Trade, and according to the balance, risk, Tp and Sl value, just like a Risk Management. It suggests the volume of your input based on the lot.
5 - Show the percentage change of the main market according to your trade live
6 - Display the value of Risk to Reward both according to Target Profit and live
7 - This section and the next section of the table show the amount of profit live according to the amount of the lot determined by you and without the risk of the transaction.
8 - Display the current amount of your balance according to whether the trade is in profit or loss
trade on the chart
The second part of the indicator includes the events that are being displayed on your chart
This section supports three types of display modes for buying or selling trades.
The first condition of your trade is that the price has not yet reached the entry point.
The second state is your trade that has not yet hit your target or stop
And the third state of your trade is that your target or stop has been hit.
Further Details :
I am still working on many conditions to add to the indicator and this will take more time.
For example, showing RR live on the chart after each touch has been added for buying Trade but this part is still problematic for selling Trade In the picture below, you can see that your Trade has already passed 3R profit
I have placed three labels next to each Trade for you so that you can see the values of Tp, Stop and Live without needing a table. These values will soon be visible with more options.
All calculations with precise mathematical formulas for accurate performance have been done by myself.
I will be at your service soon with more updates, I will be happy if you send me your suggestions to improve the indicator.
Lots / Leverage / Margin [JoseMetal]============
ENGLISH
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- Description:
This is a utility indicator, it prints a table with ATR, Volatility, Lotage and Margin for 3 custom timeframes, using the ATR of basis, it calculates volatility (%) and a recommended lotage depending on your risk settings.
A few months ago i fled from crypto exchanges to regulated brokers, and working with lots instead of plain margin was a bit of headache, i also trade with crypto, currencies, metals and indexes, each with different volatility, leverage... so this tool was a MUST for me to code.
So basically, this tool allows to keep the same RISK for every single asset, no matter if they have different volatility.
- Visual:
The indicator shows a table with all the info explained, ATR, Volatility...
For each timeframe it also prints 3 periods, short, long and average, you can show/hide timeframes and the different periods.
- Customization:
Colors in the table are custom, as well as the font size.
The risk management settings start with the margin you want to use as average, then you can customize your asset leverage, the risk (which is a value you HAVE to keep the same for all assets to balance the results correctly) and units per lot.
You can increase/decrease risk if you want to, i personally take DAILY values with a 18-20 risk to trade on a 4H chart.
For the "units per lot" take in mind that usually that value is ONE, but in some assets with really low value like currencies or some crypto your broker can set 1 lot to xxxx units, that's why you have that option.
- Usage and recommendations:
As i said i trade from 4H to daily, that's why my risk setting is 18-20, i use the lots plotted in the table on DAILY.
If you're more a scalper, just adjust the timeframes to your needs :)
Enjoy!
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INGLÉS
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- Descripción:
Este es un indicador de utilidad, imprime una tabla con ATR, Volatilidad, Lotaje y Margen para 3 temporalidades personalizadas, usando el ATR de base, calcula la volatilidad (%) y un lotaje recomendado dependiendo de tu configuración de riesgo.
Hace unos meses cambié de intercambios crypto (exchanges) a brokers regulados, y trabajar con lotes en lugar de margen simple era un poco dolor de cabeza, también tradeo con crypto, divisas, metales e índices, cada uno con diferente volatilidad, apalancamiento... así que esta herramienta era IMPRESCINDIBLE para mí de programar.
Básicamente, esta herramienta permite mantener el mismo RIESGO para cada activo, sin importar si tienen diferente volatilidad.
- Visual:
El indicador muestra una tabla con toda la información explicada, ATR, Volatilidad...
Para cada temporalidad también imprime 3 períodos, corto, largo y medio, puedes mostrar/ocultar los marcos temporales y los diferentes periodos.
- Personalización:
Los colores de la tabla son personalizados, así como el tamaño de la fuente.
La configuración de la gestión del riesgo comienza con el margen que deseas utilizar como promedio, a continuación, puedes personalizar el apalancamiento del activo, el riesgo (que es un valor que TIENE que mantener igual para todos los activos para equilibrar los resultados correctamente) y las unidades por lote.
Puedes aumentar/disminuir el riesgo si quieres, yo personalmente tomo valores DIARIOS con un riesgo de 18-20 para operar en un gráfico de 4H.
Para las "unidades por lote" ten en cuenta que normalmente ese valor es UNO, pero en algunos activos con valor realmente bajo como divisas o algunas criptomonedas tu broker puede poner 1 lote a xxxx unidades, por eso agrego esa opción.
- Uso y recomendaciones:
Como dije yo opero de 4H a diario, por eso mi ajuste de riesgo es de 18-20, uso los lotes graficados en la tabla en DIARIO.
Si eres más un scalper, sólo tienes que ajustar las temporalidades a tus necesidades :)
¡Que lo disfrutes!
Position Size and PNL CalculatorPosition Size and PNL Calculator is a Tool indicator which will help trader determine Trading's Position Size base on many risk management method such is Risk Per Trade, Fix Position Size, Fix Initial cost. The stoploss of the order will be set after ATR Stoploss method like my lasted Indicator ATR Stop Loss and Take Profit Finder .
This Tool is using the concept of
- ATR ( Average True Range )
- Risk Reward Ratio (Money Management method)
- Leverage Position Size Calculation
- Leverage PNL Calculation
- Risk Per Trade money management for calculating the size of position base on Account Balance and Risk
How Position Size and PNL Calculator working?
1) The tool will let user Input time and price that trader are entering the order. Then trader have to select the direction of trade, weather it is long position or short position
2) Next It will use entry price to Calculate the Stoploss price buy Calculating its ATR according to the setting then, then The entry price will be plus/mins by ATR*Multiply to get a Stoploss price
3) then we will * Risk Reward Ratio to the distance of stoploss in order to create Takeprofit price
4) After then the tool will simulate and calculate Initial cost/Initial position size base on your setting, and will display Stoploss Price, Take Profit Price, PNL% of Loss if Stoploss is trigger, PNL% of Gain if Take profit is Trigger and current RR/ PNL%
5) User can adjust the leverage and other setting in Indicator setting
How to use Position Size and PNL Calculator
As it was mention, Position Size and PNL Calculator is just a tool that help trader determine Trading's Position Size, PNL and risk management. Trader must use this tool only as a Position Tracking after you help entry order with your our trading strategy
Curved Stop Loss (Expo)█ Overview
Curved Stop Loss (Expo) automatically calculates the best stop-loss distance based on real-time momentum and volatility. Once the algorithm has analyzed the current market characteristics, a curved stop loss is placed on the chart. As a result, the trader can be confident that the stop loss is based on data insights. One of the key elements of a curved stop loss is that it ensures that the trade can either be stopped with a profit or only with a minor loss without compromising the profit potential. Hence, using the Curved Stop Loss makes a massive difference in the overall results.
█ Why is this tool needed?
Risk management is a key concept to grasp and use in your trading, and it's one of the most critical aspects that will determine your long-term success in this industry. The market is uncertain, and it's impossible to know what the future holds. The only way to take control of the unknown is to have a proper risk management system that ensures you don't blow your account in one trade. Therefore, all traders need to understand the importance of using a risk- and money-management tool that calculates and provides stop-loss and take-profit levels in real-time. This way, you will always know where to take your stop loss and secure profit.
█ How to use
This Curved Stop Loss helps traders set a stop loss based on current momentum and volatility. It can be used to minimize your risk and maximize your profit potential.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Coral Trend Pullback Strategy (TradeIQ)Description:
Strategy is taken from the TradeIQ YouTube video called "I Finally Found 80% Win Rate Trading Strategy For Crypto".
Check out the full video for further details/clarification on strategy entry/exit conditions.
The default settings are exactly as TradeIQ described in his video.
However I found some better results by some tweaking settings, increasing R:R ratio and by turning off confirmation indicators.
This would suggest that perhaps the current confirmation indicators are not the best options. I'm happy to try add some other optional confirmation indicators if they look to be more effective.
Recommended timeframe: 1H
Strategy incorporates the following features:
Risk management:
Configurable X% loss per stop loss
Configurable R:R ratio
Trade entry:
Based on strategy conditions below
Trade exit:
Based on strategy conditions below
Backtesting:
Configurable backtesting range by date
Trade drawings:
Each entry condition indicator can be turned on and off
TP/SL boxes drawn for all trades. Can be turned on and off
Trade exit information labels. Can be turned on and off
NOTE: Trade drawings will only be applicable when using overlay strategies
Alerting:
Alerts on LONG and SHORT trade entries
Debugging:
Includes section with useful debugging techniques
Strategy conditions
Trade entry:
LONG
C1: Coral Trend is bullish
C2: At least 1 candle where low is above Coral Trend since last cross above Coral Trend
C3: Pullback happens and price closes below Coral Trend
C4: Coral Trend colour remains bullish for duration of pullback
C5: After valid pullback, price then closes above Coral Trend
C6: Optional confirmation indicators (choose either C6.1 or C6.2 or NONE):
C6.1: ADX and DI (Single indicator)
C6.1.1: Green line is above red line
C6.1.2: Blue line > 20
C6.1.3: Blue trending up over last 1 candle
C6.2: Absolute Strengeh Histogram + HawkEye Volume Indicator (Two indicators combined)
C6.2.1: Absolute Strengeh Histogram colour is blue
C6.2.2: HawkEye Volume Indicator colour is green
SHORT
C1: Coral Trend is bearish
C2: At least 1 candle where high is below Coral Trend since last cross below Coral Trend
C3: Pullback happens and price closes above Coral Trend
C4: Coral Trend colour remains bearish for duration of pullback
C5: After valid pullback, price then closes below Coral Trend
C6: Optional confirmation indicators (choose either C6.1 or C6.2 or NONE):
C6.1: ADX and DI (Single indicator)
C6.1.1: Red line is above green line
C6.1.2: Blue line > 20
C6.1.3: Blue trending up over last 1 candle
C6.2: Absolute Strengeh Histogram + HawkEye Volume Indicator (Two indicators combined)
C6.2.1: Absolute Strengeh Histogram colour is red
C6.2.2: HawkEye Volume Indicator colour is red
NOTE: All the optional confirmation indicators cannot be overlayed with Coral Trend so feel free to add each separately to the chart for visual purposes
Trade exit:
Stop Loss: Calculated by recent swing low over previous X candles (configurable with "Local High/Low Lookback")
Take Profit: Calculated from R:R multiplier * Stop Loss size
Credits
Strategy origin: TradeIQ's YouTube video called "I Finally Found 80% Win Rate Trading Strategy For Crypto"
It combines the following indicators for trade entry conditions:
Coral Trend Indicator by @LazyBear (Main indicator)
Absolute Strength Histogram | jh by @jiehonglim (Optional confirmation indicator)
Indicator: HawkEye Volume Indicator by @LazyBear (Optional confirmation indicator)
ADX and DI by @BeikabuOyaji (Optional confirmation indicator)
Simple and Profitable Scalping Strategy (ForexSignals TV)Strategy is based on the "SIMPLE and PROFITABLE Forex Scalping Strategy" taken from YouTube channel ForexSignals TV.
See video for a detailed explaination of the whole strategy.
I'm not entirely happy with the performance of this strategy yet however I do believe it has potential as the concept makes a lot of sense.
I'm open to any ideas people have on how it could be improved.
Strategy incorporates the following features:
Risk management:
Configurable X% loss per stop (default to 1%)
Configurable R:R ratio
Trade entry:
Based on stratgey conditions outlined below
Trade exit:
Based on stratgey conditions outlined below
Backtesting:
Configurable backtesting range by date
Trade drawings:
Each entry condition indicator can be turned on and off
TP/SL boxes drawn for all trades. Can be turned on and off
Trade exit information labels. Can be turned on and off
NOTE: Trade drawings will only be applicable when using overlay strategies
Debugging:
Includes section with useful debugging techniques
Strategy conditions
Trade entry:
LONG
C1: On higher timeframe trend EMAs, Fast EMA must be above Slow EMA
C2: On higher timeframe trend EMAs, price must be above Fast EMA
C3: On current timeframe entry EMAs, Fast EMA must be above Medium EMA and Medium EMA must be above Slow EMA
C4: On current timeframe entry EMAs, all 3 EMA lines must have fanned out in upward direction for previous X candles (configurable)
C5: On current timeframe entry EMAs, previous candle must have closed above and not touched any EMA lines
C6: On current timeframe entry EMAs, current candle must have pulled back to touch the EMA line(s)
C7: Price must break through the high of the last X candles (plus price buffer) to trigger entry (stop order entry)
SHORT
C1: On higher timeframe trend EMAs, Fast EMA must be below Slow EMA
C2: On higher timeframe trend EMAs, price must be below Fast EMA
C3: On current timeframe entry EMAs, Fast EMA must be below Medium EMA and Medium EMA must be below Slow EMA
C4: On current timeframe entry EMAs, all 3 EMA lines must have fanned out in downward direction for previous X candles (configurable)
C5: On current timeframe entry EMAs, previous candle must have closed above and not touched any EMA lines
C6: On current timeframe entry EMAs, current candle must have pulled back to touch the EMA line(s)
C7: Price must break through the low of the last X candles (plus price buffer) to trigger entry (stop order entry)
Trade entry:
Calculated position size based on risk tolerance
Entry price is a stop order set just above (buffer configurable) the recent swing high/low (long/short)
Trade exit:
Stop Loss is set just below (buffer configurable) trigger candle's low/high (long/short)
Take Profit calculated from Stop Loss using R:R ratio
Credits
"SIMPLE and PROFITABLE Forex Scalping Strategy" taken from YouTube channel ForexSignals TV
