Disclaimer: I do my best to avoid wrong calculations and bugs. I provide this indicator without warranties of any kind. You bear all risks associated with the use of this indicator.
Inputs: Market: Adds a name tag to the Table to keep track of the trades. Entry Price: The entry Price of the Position. Entry Time: The entry Time/Candle of the Position. If Stop Loss Type is 'ATR' or 'HH/LL' the Value for this is calculated by this Candle. Stop Loss Type: Changes the Stop Loss Type. Direction: Define if the trade direction is 'Long' or 'Short'. Has no effect on Stop Loss Type 'Custom'. For this you can just set the Stop Loss below/above the Entry Price. ATR Multiplier: Multiplies the ATR Value by this number. Has only an effect on Stop Loss Type 'ATR'. HH/LL Lookback Length: Lookback length for determine Highest High/Lowest Low value. Has only an effect on Stop Loss Type 'HH/LL'. Custom SL Price: The Stop Loss Price if the Stop Loss Type is set to 'Custom'. Risk Reward Ratio: The Risk is multiplied by this number to determine the Take Profit Price. Balance: Balance Amount and Currency Contract Size: The Position Size is divided by this number. E.G. in Forex one Lot is 100.000 Contracts. Change this Value depending on your Broker and Market. Risk in %: Percent that is risked of the Balance for one Trade.
เอกสารเผยแพร่
⋅
deleted Link
เอกสารเผยแพร่
⋅
- added request for trade direction when apply the indicator - added 'atr source' (see tooltip for more info) - added display option to show the distence of the tp and sl from the entry price (enable by the checkbox)
Hi Trading Nerd This is a fantastic script, simple and quick As a suggestion, would it be possible to have the custom setup (Or another custom setting ) that defaulted to the entry being that last high printed and the stoploss the last low printed? At present, if you toggle between a low priced stock and a high priced stock the chart gets crushed as the script uses the the last entry. Either way Im grateful to be using your idea! Thanks Regards Brian