This script helps the user visualize profit targets and calculates position size based on the input risk amount. Input variables: - Risk amount - Entry price - Stop loss amount - Profit target amount Calculated variables: - Profit loss ratio - Position size - Postion cost Plotted variables: - shaded: entry price --> price target (green filled) -...
This is a script to make calculating position size easier. It calculates position size as a percentage of account balance and Risk/Reward based on input values of entry, exit, stoploss and shows the R/R box similar to tradingview's R/R tool. There is an option to toggle showing label and choosing of label text color. Have to enter the following inputs in order...
This panel is an example position size panel that I prepared and I consider the rates reasonable. I have prepared this panel so that the money allocated to the investment ends 14 consecutive signals. The sum of the ratios is 100 units. You can adjust your positions according to this panel. The first steps are low rates. If the phrases are strong, you can...
This is a simple script to aid with determining position size. Inputs are the intended entry price, desired risk (expressed as % of account at risk), account value, and leverage factor. To use the script; 1. Identify and update the entry price (yellow line on the chart) 2. Update with desired risk 3. Update with account size 4. Adjust the leverage value until...
Hello everyone I received a ton of requests for this script so I decided to share it I did it for a client who didn't want to pay (you can all blame... or even thank him for this script) in the end and I don't want to sell it on my website. Not because it's not interesting but because my website will be a place to showcase and rent the Algorithm Builders...
This indicator will calculate your position size, short or long, based on the ATR Trailing Stop indicator of mine, and are needed to be used together. General risk management suggests risking just 1 percent of your equity and using low leverage.
I've modified the original script by WiscoDish to show candles as green while they are smaller than the median of the past 10 candles. Once they become larger than the median they'll change to gray. I've also added a horizontal median line so you can see how close the candle is to the median candle size. This is very useful if you're stalking a trade and waiting...
Measure of the total candle length, including the upper and lower wicks. Works best as a histogram in my opinion. Used as a quick reference for the high minus the low of each candle.
type: properties manipulation, no programming needed time required: 15minutes, at least level: medium (need to know contracts, trading pairs) A strategy can "appear" to work or be broken depending on the pile of cash that is working on. This amount is defined in the strat properties, under "order size". For noobs (like me) this is very confusing at first :) A...