PINE LIBRARY
Profit Estimate

Library "profitestimate"
Simple profit Estimatr. Engages when Position != 0
and holds until posittion is na/0...
if position changes sizes, it will update automatically and adjust.
it has an input for comission to estmate exit fees
update_avgprice(_sizewas, _delta, _pricewas, _newprice)
Get a new Average position Price
Parameters:
_sizewas: (float) the position prior
_delta: (float) the order amount
_pricewas: (float) the prior price
_newprice: (float) the price of order
Returns: New Avg Price
amount(_position, _close, _commission, _leverage, _fullqty)
Position Net Profit Net Commission, automatic on/off if position != 0
Parameters:
_position: (float) position size (total or margin size)
_close
_commission: (float) % where (0.1 = 0.1%)
_leverage: (float) optional if leveraged, default 1x
_fullqty: (bool) if position entered is tottal trade size default is margin qty (1/lev)
Returns: quote value of profit
percent(_position, _close, _commission, _leverage, _fullqty)
Position Net Profit, automatic on/off if position != 0
Parameters:
_position: (float) position size (total or margin size)
_close
_commission: (float) % where (0.1 = 0.1%)
_leverage: (float) optional if leveraged, default 1x
_fullqty: (bool) if position entered is tottal trade size, default is margin qty (1/lev)
Returns: percentage profit (1% = 1)
Simple profit Estimatr. Engages when Position != 0
and holds until posittion is na/0...
if position changes sizes, it will update automatically and adjust.
it has an input for comission to estmate exit fees
update_avgprice(_sizewas, _delta, _pricewas, _newprice)
Get a new Average position Price
Parameters:
_sizewas: (float) the position prior
_delta: (float) the order amount
_pricewas: (float) the prior price
_newprice: (float) the price of order
Returns: New Avg Price
amount(_position, _close, _commission, _leverage, _fullqty)
Position Net Profit Net Commission, automatic on/off if position != 0
Parameters:
_position: (float) position size (total or margin size)
_close
_commission: (float) % where (0.1 = 0.1%)
_leverage: (float) optional if leveraged, default 1x
_fullqty: (bool) if position entered is tottal trade size default is margin qty (1/lev)
Returns: quote value of profit
percent(_position, _close, _commission, _leverage, _fullqty)
Position Net Profit, automatic on/off if position != 0
Parameters:
_position: (float) position size (total or margin size)
_close
_commission: (float) % where (0.1 = 0.1%)
_leverage: (float) optional if leveraged, default 1x
_fullqty: (bool) if position entered is tottal trade size, default is margin qty (1/lev)
Returns: percentage profit (1% = 1)
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.