In trading, proper position sizing is essential to managing risk and maximizing returns. The script provided is a Basic Position Calculator that allows traders to quickly and easily calculate their position size, stop loss, take profit, and risk reward ratio for a given trade. The script starts by defining several inputs for the user to customize the...
ABOUT THIS INDICATOR This is a simple indicator that can help you manage the risk when you are trading, and especially if you are leverage trading. The indicator can also be used to help visualize and to find trades within a suitable or predefined trading range. This script calculates and draws six “profit and risk lines” (levels) that show the change in...
Updated - Version 2 This tool is used to calculate the size of a trade. Settings - Type in total account size and % of capital that can be risked on each trade. The table will display: Column 1 - Stop placement based on low, mid or high value of the current candle. Column 2 - Percent risk on the trade. Column 3 - Amount of shares that can be traded...
Hi! Why for what and how in this script? At the time of publication the script consists of three modules, it may increase in the future. 1. Bottom left corner : daytime ATR module (idea and basis of the author's script - ???) - The size of the daily ATR based on 14 bars; - intraday ATR progress; - colour indication of the progress status, for easier visual...
Hello Guys! Nice to meet you all! This is my fourth script! This is the Strategy Template for traders who wants to make their own strategy. I made this based on the open source strategies by jason5480, kevinmck100, myncrypto. Thank you All! ### StopLoss 1. Can Choose Stop Loss Type: Percent, ATR, Previous Low / High. 2. Can Chosse inputs of each Stop Loss...
Interactive script to calculate lot and position size when you use TradingView to trade on FTX or OKX. You can also use multi positions for DCA strategy. After adding an indicator and making an initial interactive selection on the chart, you can modify the selection points by selecting the indicator and moving the points on the chart.
This is a very simple, yet effective and to some extend widely followed scalping strategy to capture the underling sentiments of the counter whether it will go up or down. What is it? This is Open-High-Low (OLH) strategy. As you already aware of Candlestick patterns, there is patterns called as Marubozu patterns where the sell wick or buy wick either ceases...
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...
This strategy is intended to be used as a base template for building new strategies. It incorporates the following features: Risk management: Configurable X% loss per stop loss Configurable R:R ratio Trade entry: Calculated position size based on risk tolerance Trade exit: Stop Loss currently configurable ATR multiplier but can be replaced...
From Wikipedia : "The Sortino ratio measures the risk-adjusted return of an investment asset, portfolio, or strategy. It is a modification of the Sharpe ratio but penalizes only those returns falling below a user-specified target or required rate of return, while the Sharpe ratio penalizes both upside and downside volatility equally. Though both ratios measure...
First off, huge thanks to @fikira! He was able to adapt what I built to work much more efficiently, allowing for more strategies to be used simultaneously. Simply put, I could not have gotten to this point without you. Thanks for what you do for the TV community. Second, I am fairly new to pinescript writing, so I welcome criticism, thoughtful input and...
This Indicator displays Entry and Exits levels. The display is done under 3 modes: - Risk/Reward mode (the one by default. It is set to a 1:1 ratio) - Multiples TP Levels - Custom Levels Click to Set entry Price on chart The displaying is static by default to make it dynamic disable the "Use custom Entry ?" input. Disclaimer: Scripts that I post publicly...
Created out of revenge against the difficulty of controlling psychology, greed, and risk management. Designed for cryptocurrency futures trading by following the risk management principles from Kevin Sailly. Very welcome if there are suggestions and input to improve the quality of this "indicator". Please use wisely. How to use: 1. Open indicator settings. 2....
Tables and labels/lines showing trade levels and risk/reward. Use to manage trade risk compared to portfolio size. Initial design optimised for tickers denominated against USD.
Hello there, fellow traders! So, happy to bring you a new, free tool: my Risk Manager Essentials . (To use it, click on "Add to favorite indicators" below, and then look for it in your charts’ "Indicators & Strategies" dialog window, inside "Favorites" tab.) The main objective of this indicator is to help and incentivize as many traders as possible to...
How to use: Use the cursor to select the time, entry, stop loss, and target position. Then a window will pop up and type the trading fee or any other things you want to adjust to calculate the actual reward/risk ratio according to the price you selected. Known error: Settings of this script can't be saved as default might due to the interactive price selection...
In this strategy, I used Wavetrend indicator (Lazy Bear). It is very simple and easy to understanding: Long when Wavetrend1 crossover Wavetrend2 and they are less than a limit value (not buy when price overbought). Stoploss at lowest 3 bar previous. R:R = 1:1,5. About other shortterm strategies for crypto market, you can view my published strategies.
Republish: Take profit Multi timeframe: In this scipts, I build risk-reward system managemant. You can take profit in two way: percent or at resistant in higher timeframe or both. Strategy in this scripts, I use Wave trend indicator as example strategy.