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Trailing Stop Loss Smart [TradingFinder] Market Trend + CVD/EMA🔵 Introduction Trailing Stop Loss (TSL) is one of the most powerful tools available. A Trailing Stop Loss is a modification of a typical stop order that adjusts dynamically based on market price movement. It can be set at a defined percentage or dollar amount away from the security's current market price, making it a flexible tool for locking in profits while minimizing risk. Unlike standard stop-loss orders, a Trailing Stop follows the market in the direction of the trade, protecting gains without requiring constant manual adjustments. The Trailing Stop Loss Smart (TFlab Trailing Stop) indicator takes this concept even further by incorporating advanced metrics like Cumulative Volume Delta (CVD), volume dynamics, and Average True Range (ATR). This combination not only enhances risk management but also acts as a trend identifier, providing traders with a powerful tool to capitalize on both short-term and long-term price movements. This indicator also supports various Order Types, allowing for flexible strategies that include a trailing stop/stop-loss combo to maximize winning trades while minimizing losses. The trailing stop limit is particularly useful for traders who want to set their stop at a precise level relative to the current market price, either by a percentage or a dollar amount. The Trailing Stop Loss Smart indicator can help ensure that traders do not exit too early during trends, while the stop-loss feature kicks in during reversals. The advantages of using a Trailing Stop Loss are its ability to protect profits and reduce the emotional decision-making process in volatile markets. However, like all trading strategies, it has disadvantages, such as the risk of triggering too early during normal market fluctuations. By understanding how the Trailing Stop Loss Smart indicator integrates features like CVD, ATR, and volume analysis, traders can leverage its full potential while navigating these pros and cons. With its unique ability to track market movements and trends using Cumulative Volume Delta, volume dynamics, and ATR-based trailing stops, this indicator offers a complete solution for traders looking to secure profits while minimizing downside risk. Whether you're employing a simple trailing stop or a trailing stop/stop-loss combo, this tool provides all the flexibility and precision needed to execute winning trades in various markets, including Forex, Crypto, and Stock. 🔵 How to Use The Trailing Stop Loss Smart indicator integrates multiple advanced components to provide traders with superior risk management and trend identification. Here’s how each part of the logic works : 🟣 Cumulative Volume Delta (CVD) Logic The CVD tracks buying and selling pressure by calculating the difference between upward and downward price movements. When there’s more buying pressure, the CVD is positive, indicating a potential bullish trend. Conversely, more selling pressure results in a negative CVD, pointing to a bearish trend. CVD Trend Detection : The indicator determines whether the market is in a bullish or bearish phase by comparing the CVD to its moving average. A bullish trend is confirmed when the CVD is above its moving average and the price is closing higher. A bearish trend occurs when the CVD is below its moving average and the price is closing lower. This trend detection is critical for determining whether the trailing stop should be placed below the price (bullish) or above it (bearish). 🟣 Volume Dynamics Volume is a key factor in identifying market strength. The Trailing Stop Loss Smart indicator pulls volume data based on the market selected (Forex, Crypto, or Stock) and adjusts the trailing stop based on whether the market is experiencing high volume or low volume. High Volume : When the current volume exceeds the average volume, the market is in a high-volume state. During these conditions, the trailing stop is placed closer to the price, as high volume often indicates strong trends with less chance of reversals. Low Volume : In low-volume conditions, the trailing stop gives the market more room to breathe by placing the stop further away from the price. This prevents premature stop-outs in periods of reduced market activity. 🟣 ATR-Based Trailing Stop The Average True Range (ATR) is used to measure market volatility. The Trailing Stop Loss Smart uses the ATR to dynamically adjust the stop-loss distance. Bullish Market : When a bullish trend is detected, the trailing stop is placed below the lowest price of the recent bars (determined by the Bar Back parameter), and adjusted by the ATR Multiplier. This allows for tighter protection during strong bullish trends. Bearish Market : When the market is bearish, the trailing stop is placed above the highest price of recent bars, also adjusted by the ATR Multiplier. This ensures that short positions are safeguarded against sudden reversals. 🟣 Dynamic Stop-Loss Updates The trailing stop is updated every few bars (according to the Refiner parameter), ensuring it remains relevant to the most recent price action and volume changes. This dynamic feature ensures the stop-loss adapts to both trending and volatile market conditions, without requiring manual intervention. High Volume with Trends : In periods of high volume and a confirmed trend, the stop-loss is positioned tightly to lock in profits while minimizing the risk of reversal. Low Volume with Trends : In low-volume conditions, the stop-loss is placed further from the price, allowing the market to move freely without triggering premature exits. 🟣 Visual Representation The indicator visually represents the trailing stop on the chart, with green lines indicating bullish trends and red lines for bearish trends. This visual aid helps traders quickly assess the state of the market and the position of their trailing stop in real-time. 🔵 Settings The Trailing Stop Loss Smart indicator offers several customizable settings to suit various trading strategies. Understanding these inputs is key to optimizing the tool for your specific trading style. 🟣 General Settings Cumulative Mode : This controls how the CVD is calculated. You can choose between : EMA : Exponential Moving Average smoothing. Periodic : Sums the delta over a fixed period. CVD Period : Defines the look-back period for CVD calculation. A longer period smooths the data, making it less sensitive to short-term fluctuations. Ultra Data : This Boolean input aggregates volume across multiple exchanges for a more comprehensive view of market activity. Market Ultra Data : Select between Forex, Crypto, and Stock to ensure the indicator pulls accurate volume data for your market. 🟣 Logical Settings Moving Average CVD Period : Defines the period for the moving average of the CVD. A longer period smooths the trend, reducing noise. Moving Average Volume Period : Sets the period for the moving average used to distinguish between high and low volume conditions. Level Finder Bar Back : Determines how many bars to look back when identifying the highest or lowest price for trailing stop placement. Levels update per candles : Sets how often (in bars) the trailing stop should be updated to remain in sync with market movements. ATR On : Toggles the use of ATR to adjust the trailing stop based on volatility. ATR Multiplie r: Defines how far the stop is placed from the price based on the ATR. A larger multiplier increases the stop distance, reducing the likelihood of getting stopped out during market fluctuations. ATR Multiplier Adjusts the distance of the trailing stop based on the ATR. A higher multiplier places the stop further from the price, providing more breathing room in volatile markets. 🔵 Conclusion The Trailing Stop Loss Smart indicator is a comprehensive tool for traders looking to manage risk while identifying market trends. By incorporating Cumulative Volume Delta (CVD) to detect buying and selling pressure, volume dynamics to gauge market activity, and ATR to adjust for volatility, this indicator ensures that stop-loss levels are both adaptive and protective. Whether you’re trading in Forex, Crypto, or Stock markets, the Trailing Stop Loss Smart allows you to capitalize on trends while dynamically adjusting to changing market conditions. Its ability to distinguish between high-volume and low-volume periods ensures that you’re not stopped out prematurely during periods of consolidation or market hesitation. By providing real-time visual feedback, dynamic adjustments, and trend identification, this indicator serves as a vital tool for traders aiming to maximize profits while minimizing risk. Its versatility and adaptability make it an essential part of any trader’s toolkit, helping you stay ahead in fast-moving markets while safeguarding your positions.
Pine Script™ indicator
by TFlab
4
Relative Strength according to Oster (RSO)Overview: Relative Strength according to Oster (RSO) is an innovative tool that redefines how traders assess an asset's market strength. Moving beyond traditional indicators, RSO offers a sophisticated and highly responsive measure of an asset's potential to continue performing well. By integrating groundbreaking methodologies, RSO equips traders with unparalleled insights into market dynamics, making it an essential tool for anyone looking to stay ahead in today's fast-paced trading environment. Understanding RSL (Relative Strength according to Levy): At its core, Relative Strength according to Levy (RSL) is a powerful concept rooted in the idea that an asset currently exhibiting strength is more likely to maintain or even enhance that strength in the future. RSL calculates this by comparing an asset's current price to its moving average, providing a clear picture of its relative performance over time. The further its value is above 1, the higher the market momentum and vice versa. This relationship to the moving average is crucial, as it indicates not just where the asset stands today but also its trajectory in the context of historical performance. The ability to identify assets that consistently outperform is a game-changer for traders, and RSL has long been a cornerstone in this pursuit. RSO vs. Traditional RSL: A Leap Forward The RSO takes the traditional RSL concept and propels it into new territory with its innovative correlation-based approach. This is where RSO truly shines, offering a unique and sophisticated analysis that goes far beyond the basics. Why RSO is Revolutionary: Correlation Adjustment: The RSO doesn’t just measure an asset’s strength in isolation. Instead, it adjusts its readings based on how closely the asset's price movements correlate with a chosen benchmark. This groundbreaking feature ensures that the RSO is not just reactive to past performance but also predictive of how the asset might behave relative to the broader market, adding a layer of precision that is unparalleled in traditional strength indicators. Superior Strength Option: With the RSO, traders have the option to include superior strength factors, adding another dimension of insight. This feature allows for more stable and reliable long-term signals. On the flip side, those who prefer a more dynamic trading style can opt to exclude this factor for more frequent, shorter-term signals. This level of customization is rare and sets the RSO apart as a truly adaptable tool. Enhanced Market Insights: RSO’s correlation-based approach doesn’t just show how strong an asset is—it reveals how that strength is likely to develop in relation to the benchmark's underlying trends. This isn’t merely about comparing performance; it’s about understanding the asset’s potential trajectory in a much broader market context. Such insight is invaluable for making informed, strategic trading decisions. Practical Application: The RSO isn’t just innovative in theory; it’s designed for practical, real-world trading. Traders can set customized alerts based on RSO’s readings, ensuring they’re always aware of key buy or sell signals as they occur. The flexibility to include or exclude superior strength factors means that RSO can be tailored to fit any trading style, whether focused on long-term investments or short-term opportunities. Conclusion: In conclusion, the Relative Strength according to Oster (RSO) is more than just an indicator; it’s a breakthrough in market analysis. By integrating correlation adjustments and offering unparalleled customization options, RSO provides traders with insights that are both deeper and more actionable than ever before. This innovative tool is designed to empower traders, giving them the edge they need to succeed in an increasingly complex market landscape. Whether you’re a seasoned trader or just starting out, the RSO is a must-have tool for navigating market trends with confidence and precision.
Pine Script™ indicator
by patrick_oster
Position Sizing Tool - Fixed Loss - Multi Asset [RSC] This script is an Multi Asset measurement tool that can be used to evaluate or keep track of trades. Like the long and short position drawing tools, it calculates a risk reward ratio and a risk-adjusted position size from multiple entries (4 maximum), stop and take profit multiple levels ( 4 maximum) , but it also does much more:  • It can be used to configure long or short trades.  • All monetary values can be expressed in any number of currencies.  • The value of tick/pip movement (which varies with the position's size) is displayed in the currency you have selected.  • It does live tracking of the position.  • You can configure alerts on entries and exits. █  HOW TO USE IT Load the indicator on an active chart. When you first load this script on a chart, you are able specify following parameter • Account Balance • Account currency. And for each asset (Max 8): • Symbols Ticker (and Exchange) • Risk per trade (% or Amount base on Account Currency) • Account Size • Entry Time • Entry levels (Max. 4) • Leverage (only works for crypto) (same leverage for all entries) • Stop loss level. • Take profit level (Max. 4) • Exit level percentage (Max. 4) Once you have entered (or modify) parameters, the script will draw trade zones and levels labels containing the trade metrics: • determines if the trade is a long or short from the position of the take profit and stop loss levels in relation to the entry price. If the take profit level is above the entry price, the stop must be below and vice versa, otherwise an error occurs. • You can change levels by entering new values in the script's settings. Once you place the position tool on a chart, it will appear at the same levels on symbols that you selected in script setting and nothing showed up for other symbols. If your scale is not set to "Scale price chart only", the position tool's levels will be taken into account when scaling the chart, which can cause the symbol's bars to be compressed. If your scale is set to "Scale price chart only", the position tool will still be there, but it will not impact the scale of the chart's bars, so you won't see it if it sits outside the symbol's price scale. █  FEATURES Display The position tool displays the following information for entries:  • The price level with “ Stoploss/Entry/Target” sign before it.  • Open or Closed P&L: For an open trade, the "Open P&L" displays the difference in money value between the entry level and the chart's current price.   For a closed trade, the "Closed P&L" displays the realized P&L on the trade.  • Quantity: The trade size, which takes into account the risk tolerance you set in the script's settings.  • RR: The reward to risk ratio expresses the relationship of the distance between the entry and the take profit level vs the entry and the stop level.   Example: A $100 stop with a $100 target will have a ratio of 1:1, whereas a $200 target with the same stop will have a 2:1 ratio.  • Per tick/pip: Represents the money value of a tick or pip movement.  • Their distance from the entry in money value, percentage and ticks/pips.  • The projected end money value of the position if the level is reached. These values are calculated based on the trade size and the currency. █  Currency adjustments This indicator modifies the trade label's colors and values based on the final Profit and Loss (P&L), which considers the dynamic exchange rate between base and conversion currencies in its calculations when the conversion currency is a specified value other than the default. Depending on the cross rate between the base and account currencies, this process can yield a negative P&L on an otherwise successful simulated trade. For instance, if your account is in currency XYZ, you might buy 10 Apple shares at $150 each, with the XYZ to USD exchange rate being 2:1. This purchase would cost you 3000 units of XYZ. Suppose that later on, the shares appreciate to $170 each, and you decide to sell. One might expect this trade to result in profit. However, if the exchange rate has now equalized to 1:1, the return on selling the shares, calculated in XYZ, would only be 1700 units, resulting in a loss of 1300 units XYZ. The indicator will mark the P&L and the target labels in red in such cases, regardless of whether the market price reached the profit target, as the trade produced a net loss due to reduced funds after currency conversion. Conversely, an otherwise unsuccessful position can result in a net profit in the account currency due to conversion rate fluctuations. The final losses or gains appear in the label metrics, and the corresponding color coding reflects the trade's success or failure. █  Settings The settings in the "Trade sizing" section are used to calculate the position size and the monetary value of trades. Two types of risk can be chosen from the menu; a percentage based risk calculation, or a fixed money value. The risk is used to calculate the quantity of units to purchase to achieve that level of risk exposure. Example: An account size of $1000 and 10% risk will have a projected end amount of $900 if the stop loss is hit. The quantity is a product of this relationship; a projected number of units to allow for the equivalent of $100 of risk exposure over the change in price from the entry to the stop value. You can control the appearance of the tool and the values it displays in the settings following these first two sections.
Pine Script™ indicator
by Javidafk
RunRox - Backtesting System (SM)RunRox - Backtesting System (SM) is designed for flexible and comprehensive testing of trading strategies, closely integrated with our RunRox - Signals Master indicator. This combination enhances your ability to refine strategies efficiently, providing you with insights to adapt and optimize your trading tactics seamlessly. The Backtesting System (SM) excels in pinpointing the optimal settings for the RunRox - Signals Master indicator, efficiently highlighting the most effective configurations. Capabilities of the Backtesting System (SM) Optimal Settings Determination: Identifies the best configurations for the Signals Master indicator to enhance its effectiveness. Timeframe-Specific Strategy Testing: Allows strategies to be tested over specific historical time periods to assess their viability. Customizable Initial Conditions: Enables setting of initial deposit, risk per trade, and commission rates to mirror real-world trading conditions. Flexible Money Management: Provides options to set take profits and stop losses, optimizing potential returns and risk management. Intuitive Dashboard: Features a user-friendly dashboard that visually displays all pertinent information, making it easy to analyze and adjust strategies. Trading Flexibility Across Three Modes: Dual-Direction Trading: Engage in both buying and selling with this mode. Our dashboard optimizes and identifies the best settings for trading in two directions, streamlining the process to maximize effectiveness for both buy and sell orders. Buy-Only Mode: Tailored for traders focusing exclusively on purchasing assets. In this mode, our backtester pinpoints the most advantageous sensitivity, speed reaction, and filter settings specifically for buying. Optimal settings in this mode may differ from those used in dual-direction trading, providing a customized approach to single-direction strategies. Sell-Only Mode: Perfect for strategies primarily based on selling. This setting allows you to discover the ideal configurations for asset sales, which can be particularly useful if you are looking for optimal exit points in long-term transactions or under specific market conditions. Here's an example of how profits can differ on the same asset when trading using two distinct strategies: exclusively buying or trading in both directions. Above in the image, you can see how one-directional trading influences the results of backtests on historical data. While this does not guarantee future outcomes, it provides insight into how the strategy's performance can vary with different trading directions. As you can also see from the image, one-directional trading has affected the optimal combination of settings for Sensitivity, Speed Reaction, and Filters. Stop Loss and Take Profit Our backtesting system, as you might have gathered, includes flexible settings for take profits and stop losses. Here are the main features: Multiple Take Profits: Ability to set from 1 to 4 take profit levels. Fixed Percentage: Option to assign a fixed percentage for each take profit. Trade Proportion Fixation: Ability to set a fixed size from the trade for securing profits. Stop Loss Installation: Option to establish a stop loss. Break-Even Stop Loss: Ability to move the stop loss to a break-even point upon reaching a specified take profit level. These settings offer extensive flexibility and can be customized according to your preferences and trading style. They are suitable for both novice and professional traders looking to test their trading strategies on historical data. As illustrated in the image above, we have implemented money management by setting fixed take profits and stop losses. Utilizing money management has improved indicators such as profit, maximum drawdown, and profit factor, turning even historically unprofitable strategies into profitable ones. Although this does not guarantee future results, it serves as a valuable tool for understanding the effectiveness of money management. Additionally, as you can see, the optimal settings for Signals Master have been adjusted, highlighting the best configurations for the most favorable outcomes. Disclaimer: Historical data is not indicative of future results. All indicators and strategies provided by RunRox are intended for integration with traders' strategies and should be used as tools for analysis rather than standalone solutions. Traders should use their own discretion and understand that all trading involves risk.
Pine Script™ strategy
by RunRox
1
Liquidations Meter [LuxAlgo]The Liquidation Meter aims to gauge the momentum of the bar, identify the strength of the bulls and bears, and more importantly identify probable exhaustion/reversals by measuring probable liquidations. 🔶 USAGE This tool includes many features related to the concept of liquidation. The two core ones are the liquidation meter and liquidation price calculator, highlighted below. 🔹 Liquidation Meter The liquidation meter presents liquidations on the price chart by measuring the highest leverage value of longs and shorts that have been potentially liquidated on the last chart bar, hence allowing traders to: gauge the momentum of the bar. identify the strength of the bulls and bears. identify probable reversal/exhaustion points. Liquidation of low-leveraged positions can be indicative of exhaustion. 🔹 Liquidation Price Calculator A liquidation price calculator might come in handy when you need to calculate at what price level your leveraged position in Crypto, Forex, Stocks, or any other asset class gets liquidated to add a protective stop to mitigate risk. Monitoring an open position gets easier if the trader can calculate the total risk in order for them to choose the right amount of margin and leverage. Liquidation price is the distance from the trader's entry price to the price where trader's leveraged position gets liquidated due to a loss. As the leverage is increased, the distance from trader's entry price to the liquidation price shrinks. While you have one or several trades open you can quickly check their liquidation levels and determine which one of the trades is closest to their liquidation price. If you are a day trader that uses leverage and you want to know which trade has the best outlook you can calculate the liquidation price to see which one of the trades looks best. 🔹 Dashboard The bar statistics option enables measuring and presenting trading activity, volatility, and probable liquidations for the last chart bar. 🔶 DETAILS It's important to note that liquidation price calculator tool uses a formula to calculate the liquidation price based on the entry price + leverage ratio. Other factors such as leveraged fees, position size, and other interest payments have been excluded since they are variables that don’t directly affect the level of liquidation of a leveraged position. The calculator also assumes that traders are using an isolated margin for one single position and does not take into consideration the additional margin they might have in their account. 🔹Liquidation price formula the liquidation distance in percentage = 100 / leverage ratio the liquidation distance in price = current asset price x the liquidation distance in percentage the liquidation price (longs) = current asset price – the liquidation distance in price the liquidation price (shorts) = current asset price + the liquidation distance in price or simply the liquidation price (longs) = entry price * (1 – 1 / leverage ratio) the liquidation price (shorts) = entry price * (1 + 1 / leverage ratio) Example: Let’s say that you are trading a leverage ratio of 1:20. The first step is to calculate the distance to your liquidation point in percentage. the liquidation distance in percentage = 100 / 20 = 5% Now you know that your liquidation price is 5% away from your entry price. Let's calculate 5% below and above the entry price of the asset you are currently trading. As an example, we assume that you are trading bitcoin which is currently priced at $35000. the liquidation distance in price = $35000 x 0.05 = $1750 Finally, calculate liquidation prices. the liquidation price (longs) = $35000 – $1750 = $33250 the liquidation price (short) = $35000 + $1750 = $36750 In this example, short liquidation price is $36750 and long liquidation price is $33250. 🔹How leverage ratio affects the liquidation price The entry price is the starting point of the calculation and it is from here that the liquidation price is calculated, where the leverage ratio has a direct impact on the liquidation price since the more you borrow the less “wiggle-room” your trade has. An increase in leverage will subsequently reduce the distance to full liquidation. On the contrary, choosing a lower leverage ratio will give the position more room to move on. 🔶 SETTINGS 🔹Liquidations Meter Base Price: The option where to set the reference/base price. 🔹Liquidation Price Calculator Liquidation Price Calculator: Toggles the visibility of the calculator. Details and assumptions made during the calculations are stated in the tooltip of the option. Entry Price: The option where to set the entry price, a value of 0 will use the current closing price. Details are given in the tooltip of the option. Leverage: The option where to set the leverage value. Show Calculated Liquidation Prices on the Chart: Toggles the visibility of the liquidation prices on the price chart. 🔹Dashboard Show Bar Statistics: Toggles the visibility of the last bar statistics. 🔹Others Liquidations Meter Text Size: Liquidations Meter text size. Liquidations Meter Offset: Liquidations Meter offset. Dashboard/Calculator Placement: Dashboard/calculator position on the chart. Dashboard/Calculator Text Size: Dashboard text size. 🔶 RELATED SCRIPTS Here are some of the scripts that are related to the liquidation and liquidity concept, for more and other conceptual scripts you are kindly invited to visit LuxAlgo-Scripts . Liquidation-Levels Liquidations-Real-Time Buyside-Sellside-Liquidity
Pine Script™ indicator
by LuxAlgo
8
SHAHRAM - Money Management This indiator will help you to calculate your position size for managing the risk calculator. Features : Click-able Price Entry & SL & TP calculations works on Forex, CFD, Stock, Futures and Crypto markets. Usage: Step 1: Set your entry price Step 2: Set your stop loss Step 3: Set your Target Step 4: Choose the symbol, forex will be automatically detected Step 5: Fill in your balance and set your risk settings Parameters - Set symbol: Forex (auto detection), US100, US30, BTC, XAUUSD, NGAS, XBRUSD, XTIUSD, AUS200, US500, OIL, GOLD, SILVER,... - Account balance - Risk in % - Contract size - Levels: Stop loss, Entry, Target - Display settings for the Trading Panel Trading panel - Show Live P/L - Show Risk to reward - Show lot size - Show risk in % - Show account balance - Show money at risk (no commissions included) You need change the lot size in Account Setting of this indicator For Gold,Oil... and Other Symbol like as different pip value. Simply choose your entry level and stop level than target price on the chart and the indicator will calculate your invest size and other documents. You can change your account risk and base currency units in the settings along with changing the scaling of the calculation to adjust the results with the lot sizing units of your broker. This allows the calculator to be used with CFDs, forex, Gold, etc.. Hope it helps in your trading it has been the single most useful tool in my trading as it has helped me always keep my risk locked up and on point that is why I released it. Copyright BY : @shahramlife indiator will help you to calculate your position size for managing the risk calculator.
Pine Script™ indicator
by shahramlife
29
Forex Risk CalculatorForex Risk Calculator 's logical is bring the differential between Entry price and Stoploss price, your acceptable risk and your account size to calculate the loss size first then convert to the 'Lot size' and have another feature like auto scale static target calculate by your loss size with RRR (Risk Reward Ratio). Give you to get easier to manage your orders. Key Features: 📈 Real-time Risk Assessment: Enter the amount you are willing to risk, and Forex Risk Calculator will calculate the appropriate position size for your trade in real-time. 🎯 Target Lines and Static Target Prices based on RRR: Set your desired Risk-Reward Ratio (RRR), and let Forex Risk Calculator auto-generate target prices according to your RRR. Additionally, place target lines to visualize the expected profit if the price hits that line. ⚙️ Customizable Parameters: Adjust risk percentage, RRR, and other parameters to tailor the tool to your trading strategy. 👁️ User-Friendly Interface: Forex Risk Calculator features an easy-to-use and intuitive interface for both beginners and seasoned traders. Usage: Step 1: Place your entry price Step 2: Place your stoploss price Step 3: Place your target price Step 4: Confirm your account detail Step 5: Bring the 'Lot size' to use Parameter: Initial account size Risk percent Entry price Stop price Target price Show your target price Show static target prices Number of your static target prices Table position Text size Background color Text color Border color Output: Chart Entry price line Stop loss price line (loss in USD) Target price line (profit in USD) Table Account size Risk percent Entry price Stoploss price Lot size
Pine Script™ indicator
by ELITEFUNS
1
Position Size and PNL CalculatorPosition Size and PNL Calculator is a Tool indicator which will help trader determine Trading's Position Size base on many risk management method such is Risk Per Trade, Fix Position Size, Fix Initial cost. The stoploss of the order will be set after ATR Stoploss method like my lasted Indicator ATR Stop Loss and Take Profit Finder . This Tool is using the concept of - ATR ( Average True Range ) - Risk Reward Ratio (Money Management method) - Leverage Position Size Calculation - Leverage PNL Calculation - Risk Per Trade money management for calculating the size of position base on Account Balance and Risk How Position Size and PNL Calculator working? 1) The tool will let user Input time and price that trader are entering the order. Then trader have to select the direction of trade, weather it is long position or short position 2) Next It will use entry price to Calculate the Stoploss price buy Calculating its ATR according to the setting then, then The entry price will be plus/mins by ATR*Multiply to get a Stoploss price 3) then we will * Risk Reward Ratio to the distance of stoploss in order to create Takeprofit price 4) After then the tool will simulate and calculate Initial cost/Initial position size base on your setting, and will display Stoploss Price, Take Profit Price, PNL% of Loss if Stoploss is trigger, PNL% of Gain if Take profit is Trigger and current RR/ PNL% 5) User can adjust the leverage and other setting in Indicator setting How to use Position Size and PNL Calculator As it was mention, Position Size and PNL Calculator is just a tool that help trader determine Trading's Position Size, PNL and risk management. Trader must use this tool only as a Position Tracking after you help entry order with your our trading strategy
Pine Script™ indicator
by Pornnarong
Entry helperHello traders, This is a script I use daily as a scalper and it helps me a lot, maybe it can help you, this is why I am sharing it! PART 1 - DESCRIPTION This program is specifically designed to help scalpers but can be used for all types of trading but won't be as useful. This script is what I call an entry helper as it calculates dynamically the position size, stop loss and take profit levels and more. When scalping and placing market entry orders, the price can move significantely while you are calculating your position size according to your stop loss, capital, risk and especially close price that changes very quickly, this results in a risk that is not ideally controlled and personally was a source of frustration and stress. I wanted to enter my quantity and stop loss values as fast as possible and make the process easier. This script automates the calculation of the position size, stop loss and take profit levels according the the users input and prints the data visibly on the screen so it is easy to copy by the trader. It allows the trader to be confident that his risk is as controlled as possible. The script is easy to use and set up, this guide will help you if you have any difficulies or questions. PART 2 - HOW TO USE THE SCRIPT - SET THE CAPITAL SETTINGS 1 - Set your capital value in $ - SET THE TRADE SETTINGS 2 - Set your trade side (BUY or SELL) 3 - Set you desired risk in % of your capital - ENTRY SETTINGS 4 - Set your entry from 2 different options |MARKET| (default option) This option will place the entry level at the last available price |LIMIT| This option allows you to input a fixed price level for the entry - STOP LOSS SETTINGS 5 - Select your stop loss placement from 4 different options |EXTREMA STOP LOSS| (default option) This option will place the stop loss at the highest/lowest (extrema) price level within the last N candles |ATR EXTREMA| This option uses the same price level as the EXTREMA STOP LOSS but will add/soustract the last ATR value (calculated on the N last candles) multiplied by a coefficient that you input |TICKS EXTREMA| This option uses the same price level as the EXTREMA STOP LOSS but will add/soustract a number of ticks that you input |PRICE LEVEL| This option allows you to input a fixed price level for the stop loss - TAKE PROFIT SETTINGS 6 - Select your take profit from 3 different options |NONE| (default option) This option will not display any take profit level, I have added this option as I don't have take profit targets |RR| This option uses a risk to reward ratio (reward/risk) that you input, it will automatically calculate the take profit level that corresponds |PRICE LEVEL| This option allows you to input a fixed price level for the take profit - QUANTITY AND FEE SETTINGS 7 - Set the quantity settings, it represents the quantity in a lot (usually 100 000 in forex, 100 in stocks 1 for crypto currencies) 8 - Set the fee per quantity (turning lot) - VISUAL SETTINGS 9 - Show or remove the tab - TAB SETTINGS 10 - Select the data that you want to display in the tab (the tab will adapt automatically) NOTES: The vertical dashed line shows what candle has been used for the calculation of the stop loss, it allows you to visualize what candle the script has selected in case of an EXTREMA stop loss option. I hope this helps you out! Any suggestions are welcome and I hope that the guide is clear enough. Happy trading!
Pine Script™ indicator
by seangoy45
8
Turtle Money ManagementThe Turtle Trading approach* is a trend following system that uses volatility for position size. *(Richard Dennis & William Eckhardt ) Turtle traders use the N unit system for risk management, which has its own advantages. This indicator offers beginners a simple interface that uses the same logic. Using ATR (Average True Range) to measure volatility. The indicator shows the suggested position size and stop-loss price. You need to activate position line to see how it behaved in the past. Information about the Turtle system shows that it works in a daily candle. Intraday candles can be misleading (for ATR) because of this indicator use daily ATR by default. I leave the choice to you. Limits recommended by Turtle Traders - Single Trade % 2 Maximum risk Single Market % 4 Maximum risk Closely Correlated Markets % 6 Maximum risk Loosely Correlated Markets % 10 Maximum risk Single Direction – Long or Short % 12 Maximum risk
Pine Script™ indicator
by miraalgo
1
Wunder Keltner botWunder Keltner bot 1. Wunder Keltner bot is based on the breakout of the Keltner channel. For calculation, 2 channels are used, one for long trades, and the other for short trades. The division into 2 channels is used for more accurate entry calculations depending on trend directions. 2. The ADX indicator is used to filter signals and determine the trend strength. ADX determines the strength of the trend and confirms the entry into the strategy if the value is greater than the level indicated in the settings. 3. There are 3 ways to calculate Stop Loss and Take Profit. You can choose one of them: Classic Stop Loss and Take Profit in a fixed percentage ATR Stop Loss Keltner. Stop Loss, which is set on the opposite Keltner’s Channel Band from Keltner breakout. 4. ATR and Keltner use Risk Reward (R:R) to calculate Take Profit. The script calculates Risk Reward based on the determined Stop loss level and uses the ration to calculate Take Profit. 5. A function for calculating risk on the portfolio (your deposit) has been added to the script. When this option is enabled, you get a calculation of the entry amount in dollars relative to your Stop Loss. In the settings, you can select the risk percentage on your portfolio. The loss will be calculated from the amount that will be displayed on the chart. For example. Deposit - $1000, you set the risk to 1%. SL 5%. Entry volume will be $200. The loss at SL will be $10.10$ this is your 1% risk or 1% of the deposit. Important! The risk per trade must be less than the Stop Loss value. If the risk is greater than SL, then you should use leverage. The amount of funds entering the trade is calculated in dollars. This option was created if you want to send the dollar amount from Tradingview to the exchange. However, putting your volume in dollars you get the incorrect net profit and drawdown indication in the backtest results, as TradingView calculates the backtest volume in contracts. To display the correct net profit and drawdown values ​​in Tradingview Backtest results, use the ”Volume in contract” option.
Pine Script™ strategy
by Wunderbit
37
Curved Stop Loss (Expo)█ Overview Curved Stop Loss (Expo) automatically calculates the best stop-loss distance based on real-time momentum and volatility. Once the algorithm has analyzed the current market characteristics, a curved stop loss is placed on the chart. As a result, the trader can be confident that the stop loss is based on data insights. One of the key elements of a curved stop loss is that it ensures that the trade can either be stopped with a profit or only with a minor loss without compromising the profit potential. Hence, using the Curved Stop Loss makes a massive difference in the overall results. █ Why is this tool needed? Risk management is a key concept to grasp and use in your trading, and it's one of the most critical aspects that will determine your long-term success in this industry. The market is uncertain, and it's impossible to know what the future holds. The only way to take control of the unknown is to have a proper risk management system that ensures you don't blow your account in one trade. Therefore, all traders need to understand the importance of using a risk- and money-management tool that calculates and provides stop-loss and take-profit levels in real-time. This way, you will always know where to take your stop loss and secure profit. █ How to use This Curved Stop Loss helps traders set a stop loss based on current momentum and volatility. It can be used to minimize your risk and maximize your profit potential. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script™ indicator
by Zeiierman
55
ATR Stop Loss and Take Profit FinderThe purpose of this tool is to help the trader determine a safe stop loss price and take profit which dynamically changes due to ATR (Average True Range) This tool uses the concept of ATR (Average True Range) Risk Reward Ratio (Money Management method) How is ATR Stop Loss and Take Profit Finder working Step 1 ) Tool will calculate TR(True Range Step 2) Then the TR will be used to find the Average value of X time frame, using 5 math models: RMA SMA EMA WMA and LSMA Step 3) The value from Step 2 will be multiplied by the factor, and the result is ATR After we got ATR Value, the Tool will find 2 lines: Upper Band and Lower Band which will function as a Stoploss value for both Short and Long trade ATR Stop Loss and Take Profit Finder will be using Upper Band and Lower Band to calculate Take profit price. A trader can set their Target Risk Reward Ratio by setting How to use ATR Stop Loss and Take Profit Finder ATR Stop Loss and Take Profit Finder is not an indicator, it is only a tool to help the trader quickly find their stop loss/take profit price. t For open long position, We comment trade to switch mode of 'Type of open Position to be long. Same as short which is need to be changed to short
Pine Script™ indicator
by Pornnarong
7
NNFX Exposure UtilityOVERVIEW This tool allows the user to manually keep track of how much of their account is currently exposed to each currency, and keep that information handy and organized on the chart as a table. It is specialized for NNFX traders who are trading all the pairs among the 9 major currency crosses: AUD, CAD, CHF, EUR, GBP, JPY, NZD, SGD, USD. HOW DO I USE THIS INDICATOR? Before you take a trade, you should open the indicator settings for this indicator and check off which currencies you are about to go long and short on. Here are 3 trades taken as examples: If you go long on EUR/USD with 2% risk, your exposure is 2% long on EUR and 2% short on USD. Then if you go short on GBP/SGD with 2% risk, your exposure is 2% short on GBP and 2% long on SGD. But if you go long on SGD/JPY with 2% risk, your exposure would now be 4% long on SGD and 2% short on JPY. This is against your rules if you are trading the NNFX way. So this tool allows you to see when you are about to accidentally overexpose yourself to any currency pair.
Pine Script™ indicator
by bjr117
6
Future Risk CalculatorCreated 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. Fill out all the forms. (Note: I make Max Loss Risk only has 5 options. Because, you know, to control the greed. You can choose by considering your risk profiles and market condition) 3. All of the information and calculation will appear on the label (right side of the bar chart) and top-right box. 4. You can adjust the three prices (target, entry, and stop) by clicking any part of the indicator. There will be three dots in the middle of the chart window (align with three prices). Click that dots and drag them up/down to customize according to your wishes. The price order must be correct, for LONG direction the price order from the top is target-entry-stop. Vice versa for SHORT direction. There will be "SETUP ERROR" text in the top-right box if the price order is not correct. "Never, ever argue with your trading system." (by Michael Covel) Regards, Ircham
Pine Script™ indicator
by i_am_ian
4
Trade & Risk Management Tool (Expo)█ Trade & Risk Management Tool (Expo) is a sophisticated and complete trading tool that helps traders manage their position and risk. This tool makes risk and trade management simple and convenient; literally, anyone can use it. The key feature is its ability to set the stop-loss automatically. █ The key feature of this tool is that it sets the stop loss automatically depending on the current market characteristics; in other words, it's a stop-loss that adapts dynamically and optimizes to suggest the best possible stop-loss at that time. In addition, the user can set the preferred risk-reward, and the tool will automatically calculate the RR and Take Profit Levels for you. There is also a possibility to add up to 4 take profit levels, all based on your set RR. The Auto Stop-loss feature comes with even more customization, and the trader can enable a trailing stop and set a custom stop-loss instead of using the default one. █ The Trade & Risk Management Tool also calculates the current position P&L in points/pips or %. Positions size is automatically calculated based on the account size and % of the capital you want to risk. In addition, we have added Expected Return in % for the active position. This is a feature that experienced traders commonly use. Set the Probability of Gain and the Probability of Loss, and the tool will calculate the expected return based on the SL and TP. The probability of gain/loss can be calculated using historical data or for experienced traders by making an educated guess. █ Why is this tool needed? Trade & Risk management is a key concept to grasp and use in your trading, and it's one of the most critical aspects that will determine your long-term success in this industry. The market is uncertain, and it's impossible to know what the future holds. The only way to take control of the unknown is to have a sound risk management system that ensures you don't blow your account in one trade. Therefore all traders need to understand the importance of using a risk- and money management tool that calculates and provides stop-loss and take-profit levels in real-time. This way, you will always know where to take your stop-loss and secure profit. The position size calculator prevents you from taking too much risk and the predefined stop-loss and take-profit levels help you manage your position. The tool makes sure you maximize the profit potential while minimizing the losses. It also prevents you from taking too much risk. It all comes down to managing the risk and managing profit. Make sure that you always know how much you can risk at each trade, where to put your stop-loss, and take profit. A general rule is to find a good balance between reward and risk (RR), preferably a risk-reward ratio of 2:1 or 3:1, where your targeted profits are always double that of your maximum losses. █ This trading tool makes something so important so easy for you, and it's a must-have to succeed in trading for the long term. █ HOW TO USE Use the tool to manage your active position. ----------------- Disclaimer Copyright by Zeiierman. The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script™ indicator
by Zeiierman
37
SMART4TRADER -ATR viewIndicator in the form of an information panel in the upper right corner the indicator shows ATR (Daily, Weekly, Monthly) in percentage and points. Calculates position size considering volatility and given risk The indicator also takes into account the multipliers in the contract _-------------------------- Индикатор в виде информационной панели в правом верхнем углу индикатор показывает ATR (Daily, Weekly, Monthly) в процентах и пунктах. Рассчитывает размер позиции с учетом волатильности и заданного риска Так же индикатор учитывает множители в составе контракта
Pine Script™ indicator
by smart4trader
10
Strategy - Cryptosystem NNFX wayFirst script done! This is my version of the No-Nonsense Forex (NNFX) Strategy This strategy shows you the entry and exit signal with a standard 1.5 x ATR for Stop Loss and 1 x ATR for Taking Profit. You can adjust the settings to your needs. This strategy uses 5 indicators: 1. Average True Range for SL and TP placement, there is a nuance where you can add the 1XATR Rule; 2. SMA used to filter longs and shorts; 3. SSL Channel for 1st Confirmation; 4. DPO for 2nd Confirmation; 5. Waddah Attar Explosion as a volume indicator. There is no exit indicator because I coded 2 trades (2x0.5). TP1 will be at 1xATR and TP2 will automatically trail behind with 1.5XATR. You can see the red trailing line on the charts. Other exits can be: When SSL gives opposite signal or when price crosses and closes your baseline. I used this system for 1D timeframe. Hopefully this can be usefull for your tradingstyle. Would be great if you guys leave a like. Thanks!
Pine Script™ strategy
by Tokke88
7
Money Management_V2 [javadmhs]Hi every one you can use this indicator in your trades for money and risk management. Very easy to use. Just enter the requested information of your trade and see the amount of money you need to enter into a transaction. Also you can see your pnl%. Risk = The amount of money that if you lose, does not matter to you. This will be a percentage of your total capital. Balance = your total capital. Leverage = If you trade in future, you can use this. set it 1 in spot. Commision = The amount of exchange fee. Usable Cap = The amount of money you should enter into a transaction, depending on your risk. PNL% = Amount of profit and loss. You Can use this for Short and Long. Let me know if you see a problem.
Pine Script™ indicator
by javadmhs1993
6
Auxiliary Equity Configurator (AXE)Auxiliary Equity Configurator (AXE) is a whole new level money management auxiliary that calculates statistically preferable lot based on the Account balance, Winning rate, Risk reward ratio, and Kelly multiplier configured a priori in the input panel. On the chart, RR visualization bands, Expected balance history matrix in the worst successive trading loss (for displaying how many times you can trade with a given lot at simple/compound interest), and Info-table for the calculation details are shown. Regarding RR visualization bands, whenever the Tolerable drawback input changes, the proper lot is calculated based on the given data. You can easily access how many lots you should possess and the take-profit/stop-loss price to set. A tolerable drawback can be placed in the quoted currency rate of the displayed chart, except the forex and part of CFD symbols (Gold, Silver, Platinum, WTI oil, Brent oil, Natural gas, and more in the future!) that is valued in Pips. Parameters are configurable in suit with the broker you are using. Also, RR visualization bands are brilliantly interactive, thanks to pine v5 interactive scripts. The currency for Account balance and Tolerable drawback is automatically converted to USD for internal calculation; therefore, no mess-ups around thinking currency value conversion whatsoever! The design for each tool is highly customizable, too. Unleash yourself from consuming the colossal amount of time thinking of money management with AXE!
Pine Script™ indicator
by rebasega
[WinWay] Pivot Breakout Strategy (backtest)This is the Winway's Pivot breaktout, Using the Pivot point , we made a new volatility breakout strategy. It's the strategy for ETH / BTC. Please choose 1H time frame. No repaint. "As a long-only day trend strategy, we pursue profits in the downward / transverse / rising market." - It will be exited based on the closing price of the day as a strategy to take only the day trend. - It's a long-only strategy without short trade. - It has high market adaptability in response to market volatility . "The efficiency has been increased by delicate control of entry volume ." - Control losses by managing funds in line with market changes. - Calculate the leverage on the real time automatically. - It goes in more when it's advantageous and less when it's disadvantageous - It's a welfare strategy that works against assets "We further lowered the risk by cutting off in installments." - If you judge that the trend has declined on the day, you will break off and respond to a sharp drop by using the real time trailing stop. ======================================================================================== 윈웨이의 피봇돌파입니다. 피봇 포인트를 이용한 새로운 변동성 돌파 전략입니다. 이더리움과 비트코인을 위한 전략이며 1H 타임프레임으로 선택해주세요 리페인트는 발생하지 않습니다. 롱 온리 당일 추세 전략으로 하락/횡보/상승 장에서 수익을 추구합니다. - 당일 추세만 취하는 전략으로 일봉 종가 기준 청산됩니다. - 숏은 없는 롱 온리 전략입니다. - 시장 변동성에 따라 대응하여 시장 적응력이 높습니다.섬세한 진입 물량 제어로 효율을 높였습니다. - 시장 변화에 맞춰 자금관리를 하여 손실을 제어합니다. - 당일 레버리지를 실시간으로 자동 계산합니다. - 유리할때 더 들어가고, 불리할때 적게 들어갑니다. - 자산대비로 작동하는 복리 전략입니다. 손절로 리스크를 더욱 낮췄습니다. - 당일 추세가 꺾였다고 판단하면 손절하여, 실시간 트레일링 스탑을 이용하여 급락에 대응합니다.
Pine Script™ strategy
by win_way