OPEN-SOURCE SCRIPT
Profit/Loss Label
Updated
Once I entered a trade, I always wanted to know quickly if I am in a profitable position or losing NOW?
Here's the label to do the work for me, and if you like it, please give it a thumb up.
*** There's a setting to change your trade type to LONG or SHORT with a commission rate.
*** Color setups:
- If it's green: profitable position, including the pay for comission
- If it's orange: moving in favorite direction, but still a losing position due to the comission
- If it's red: losing position moving in the opposite direction
Here's the label to do the work for me, and if you like it, please give it a thumb up.
*** There's a setting to change your trade type to LONG or SHORT with a commission rate.
*** Color setups:
- If it's green: profitable position, including the pay for comission
- If it's orange: moving in favorite direction, but still a losing position due to the comission
- If it's red: losing position moving in the opposite direction
Release Notes
Reformat text.Release Notes
Format month's high and low as well.Release Notes
Add option to use/not use Rounding.Release Notes
Update label distance to 12 bars only.Release Notes
Update chart.Release Notes
- Add bought amount and profit amount.- Draw bought price on chart.
Release Notes
Update UI.Release Notes
- Added leverage to calculate margin profit.- Updated ticker info and UI.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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