Dynamic Date and Price Tracker with Entry Price

May 9

The Dynamic Date and Price Tracker indicator is a simple tool designed for traders to visualize and monitor their trade's progress in real-time from a specified starting point.

This tool provides an intuitive graphical representation of your trade's profitability based on a custom entry date and price.

Features:
-Starting Date Selection: Choose a specific starting date, after which the indicator begins tracking your trade's performance.
-Custom Entry Price: Input a starting price to accurately reflect your actual entry price for performance tracking across different timeframes.
-Real-Time Tracking: As new bars form, the indicator automatically adjusts a dynamic line to the current closing price.
-Profit/Loss Color Coding: The dynamic line color changes based on whether the current price is above (green for profit) or below (red for loss) your specified entry price.
-Performance Label: A real-time label displays the absolute and percentage change in price since your initial entry, color-coded for positive (green) or negative (red) performance.
-Entry Price Line: The horizontal line marks your starting price for easy visual comparison.

May 10

Release Notes

The Dynamic Date and Price Tracker indicator is a simple tool designed for traders to visualize and monitor their trade's progress in real-time from a specified starting point. (what it does)

It's meant to make your life easier, not rocket science.

Step1: Open Settings
Step 2: Enter Entry Price and Entry Date
That's it! A label is added on the chart at the current price showing the Absolute Profit/Loss.

This tool provides an intuitive graphical representation of your trade's profitability based on a custom entry date and price. Previously you would need to manually draw on the chart with 'Measure' or 'Prediction' tools in TV. This plots absolute Profit/Loss real-time so you can keep your chart nice and tidy without constantly needing to adjust your drawings. I wasn't able to find a simple enough indicator to fill this need, so I decided to make it for myself. (how it's unique)

Profit (%) = (Profit/Price) × 100
Loss (%) = (Loss/Price) × 100
(how it does it)

How to use it:
-Starting Date Selection: Choose a specific starting date, after which the indicator begins tracking your trade's performance.
-Custom Entry Price: Input a starting price to accurately reflect your actual entry price for performance tracking across different timeframes.

Features:
-Real-Time Tracking: As new bars form, the indicator automatically adjusts a dynamic line to the current closing price.
-Profit/Loss Color Coding: The dynamic line color changes based on whether the current price is above (green for profit) or below (red for loss) your specified entry price.
-Performance Label: A real-time label displays the absolute and percentage change in price since your initial entry, color-coded for positive (green) or negative (red) performance.
-Entry Price Line: The horizontal line marks your starting price for easy visual comparison.

I hope you find it as useful as I do!

Aug 1

Release Notes

-Label Positioning Option: Added an option to position the label either to the right of the entry line or the current price.
-Enhanced Label Text: Updated the label text to correctly show the price change and percentage change.
-Persistent Entry Line: Added a persistent variable for the entry price line to ensure it updates correctly.
-Improved Label Color: Made the label background color semi-translucent green or red based on whether the current price is above or below the entry price.
-Optimized Code: Streamlined the update logic for lines and labels, and removed redundant calculations.

Aug 3

Release Notes

Re-built from the ground up!

Enhancements include-
-Multiple Entries: The enhanced indicator supports tracking up to 5 different entries, whereas the old indicator only tracks one entry.
-Entry Shares: It allows for specifying the number of shares for each entry, enabling accurate dollar gain/loss calculations.
-Gain/Loss Calculations: The enhanced indicator calculates both dollar and percentage gain/loss for each entry.
-Label Customization: Users can choose to display either dollar gain/loss, percentage gain/loss, or both on the labels.
-Dynamic Label Colors: Labels and lines change color based on whether the current price is above or below the entry price.
-Comprehensive Overview: It includes a table displaying the total gain/loss across all entries in the selected position on the chart, as well as two chart positions.
-Enhanced Visualization: It uses dotted lines to visually connect entry points with current price levels, much easier on the eyes.