Short Position

Application

The Short Position tool allows the user to set an entry point and assume a short position from that point. Extending above and below that price level will be two boxes; green for the profit zone and red for the loss zone. Both zones can be manually adjusted by the user to change the risk/reward ratio.

Inputs

Entry Price

Allows for the precise placement of trade's entry point.

Profit Level

Can manually enter the desired profit target level using ticks or an exact price.

Stop Level

Can manually enter the desired stop loss level using ticks or an exact price.

Style

Lines

Can change the color and thickness of the line separating profit/loss areas as well as the profit and loss targets.

Stop Color

Sets the color for the stop loss region.

Target Color

Sets the color for the profit target region.

Text

Can select the text color as well as font type and size.

Price labels

Toggles the visibility of the drawing's price values on the price axis.

Compact stats mode

Shortens the position performance tags so they take up less space on the chart.

Always show stats

If this checkbox is not selected, Stats will appear beside only when the Short Poisition is selected by mouse click.

Visibility

In the Visibility properties dialog, you can toggle displaying of the Short Position on charts of different timeframes. For any timeframe you can select either to show it, or to hide.