Test version of a weighted average calculator, will make an update later with more functions and a better view.
For now it's mainly useful for getting an average value and see how you can ladder into your position,
if you use the weights as the amount you want to order, you can see the total value and expected loss in the label.
You can use the weights as...
A tool to calculate the average price and position size.
The "Risk Amount" input means the amount of dollars you lose if the trade gets stopped out (it should be based on a small percentage of your account).
- If you use the weights to calculate an average price, make sure it adds up to 100% in total or you will get a weird number.
- Keep an eye on the...
This position calculator can be used to see if the potential trade is a good one. Enter the values as inputs and the output will be listed next to the settings of the indicator. Nearest support/resistance is meant to be your price target. I have found running this analysis prior to a trade to be helpful. This will output number of shares to buy/sell based on your...
This indicator allows you to quickly view the true % change per candlestick (prev close > current close), but it also has 3 other customizable values for you to set your own % change conditions (such as open > high). Feel free to edit the script to suit your own needs as well.
This indicator plots any two securities as a spread ratio using either +,-,/, or *.
It also allows you to use a simple moving average of length 1 to n for your spread ratio.
If you know what you want to do but don't know how to code it, we can work it out, you can float me some cheese on paypal and I'll do a nice job. This indicator is yours for free.