WOAH Order Scaling! This Provides a user with methods to create a list of profit targets and order sizes which grow or shrink. For size, the will add up to specific sum. for Targets they will include the first and last, and can lean towards either, to scale the order grid. And thanks to @Hoanghetti for the markdown, i've included a basic usage example within...
Idea: This script combines: Moving Average (MA), Directional Movement (DMI), MACD When condition of long or short position from all mentioned indicator are met script opens position. Once trend changes, it closes the position. Then add some filter conditions to avoid noise. Concept: (Note that we take the close to get the closing price) -Using only cross up...
Hello all, It's ATR based active take profit & stop loss finder. You can set multipliers for taking profit and stop losing and you can change the price source for the calculation. Also, you can change the ATR level. Defaults are my best settings. 2.2x for taking profit and 1.5x for stop losing. Open price is the source. Also, I think 5 ATR is the best for...
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...
Position 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...
Most Power V5 The MOST indicator is an indicator used as a Moving Stoploss. The MOST indicator also generates a buy signal in case the prices rise, unlike the traditional indicators that allow you to make stop losses.In the MOST POWER V5 indicator, stoploss generates its signals using moving averages such as 'SMA', 'EMA', 'WMA', 'VWMA', 'HMA', 'SMMA', 'DEMA'...
Auto RR Calculator Gives you the price of certain risk to rewards based on your entry and stop loss inputs. The information given by this tool does not constitute as financial advice.
This strategy uses the Fast Fourier Transform inspired from the source code of @tbiktag for the Fast Fourier Transform & @lazybear for the VMA filter. If you are not familiar with the Fast Fourier transform it is a variation of the Discrete Fourier Transform. Veritasium on youtube has a great video on it with a follow up recommendation from...
Library "Strategy_PnL_Library" TODO: This is a library that helps you learn current pnl of open position and use it to create your own dynamic take profit or stop loss rules based on current level of your profit. It should only be used with strategies. inTrade() inTrade: Checks if a position is currently open. Returns: bool: true for yes, false for no. ...
First of all, I would like to thank the author @LonesomeTheBlue. This indicator developed on the source code "Point and Figure (PnF)" by author @LonesomeTheBlue. This indicator calculate the range (Cause) of Phase accumulation or distribution to calculate the taget (Effect) based on the Wyckoff Method. Formula for calculate move value target : Col * BoxSize *...
The 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...
What is this for This tool is designed as a companion to an automated strategy running on Alertatron. Sometimes when a strategy opens a trade, you decide that based on TA you would like to close all or or a portion of your trade at a support or resistance level. The strategy may already be programmed to take profit but this tool allows you to add additional take...
(My goal creating this indicator) : Provide a way to enter the market systematically, automatically create Stop Loss Levels and Take Profit Levels, and provide the position size of each entry based on a fix Percentage of the traders account. The Underlying Concept : What is Momentum? The Momentum shown is derived from a Mathematical Formula, SUPERTREND. When...
Kent Strat trades breakouts using Bollinger Bands together with SuperTrend. Features: - Risk/reward ratio parameter - Longs, shorts and combined positions. - Breakout settings - Trailing SL, trailing TP - Use of latest candles to place the SL using a lookback parameter (how many candles to look back for a low/high price) - Select your SL between the ATR trendline...
The purpose of strategy is to detect long-term uptrend and short-term downtrend so that you can easy to take profit. The strategy also using BHD unit to detect how big you win and lose, so that you can use this strategy for all coins without worry about it have different percentage of price change. ENTRY The buy order is placed on assets that have...
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...
-Modified version of Squeeze Momentum Indicator by @LazyBear. -Converted to version 5, -Taken inspiration from @KivancOzbilgic for its buy sell calculations, -Used @Bunghole strategy template with Take Profit, Stop Loss and Enable/Disable Toggles -Added Custom Date Backtesting...
A few people have been asking me to share my backtesting template. Currently I use this as my starting point for validating existing strategies and developing new ones. Features: Trading Date Range Trade Direction 4 progressive take profits with target percents and percentage of position to take profit on (Thanks adolgo) Variable percentage Stop...