Futures Risk Calculator Script - Description The Futures Risk Calculator (FRC) is a comprehensive tool designed to help traders effectively manage risk when trading futures contracts. This script allows users to calculate risk/reward ratios directly on the chart by specifying their entry price and stop loss. It's an ideal tool for futures traders who want to...
Market Structure Based Dynamic Stop Loss Introduction The Market Structure Based Stop Loss indicator is a strategic tool for traders designed to be useful in both rigorous backtesting and live testing, by providing an objective, “guess-free” stop loss level. This indicator dynamically plots suggested stop loss levels based on market structure, and the...
This indicator was built to help calculate the outcome of trades that utilize multiple profit targets and/or multiple entries. In its simplest form, we can have a single entry and a single profit target. As shown below in this long trade example, the indicator will draw risk and reward boxes (red and green, respectively) with several annotations. On the left-hand...
█ OVERVIEW Risk Management Chart allows you to calculate and visualize equity and risk depend on your risk-reward statistics which you can set at the settings. This script generates random trades and variants of each trade based on your settings of win/loss percent and shows it on the chart as different polyline and also shows thick line which is average of all...
█ CONCEPTS In modern day strategy optimization there are few options when it comes to optimizing a risk reward ratio. Users frequently need to experiment and go through countless permutations in order to tweak, adjust and find optimal in their data. Therefore we have created the Risk Reward Optimizer. The Risk Reward Optimizer is a technical tool designed to...
Using Pinescript to create custom Risk Reward Ratio (RRR) boxes with custom vertical time markers to help traders stay mindful of how long they've been in a trade. //Usage: -Add indicator to chart and you'll be prompted to click three times: -- 1: Choose time (clicking last bar will mark entry as current candle's open). -- 2: Click BOX TOP of RRR box on...
OVERVIEW: This Risk Reward Calculator strategy can help you maximize your RR value with help of algorithmic trading. INDICATOR: I wanted to setup my trades more easier with this indicator, I didn't want to calculate everytime before orders, with help this indicator we can calculate R:R value, avarage price, stoploss price, take-profit price, order...
Just a simple risk reward calculator to help indicate the R:R levels of your risk on a trade. The drawing tool doesn't have multiple R capabilities.
This is a script to make calculating position size easier. It calculates position size as a percentage of account balance and Risk/Reward based on input values of entry, exit, stoploss and shows the R/R box similar to tradingview's R/R tool. There is an option to toggle showing label and choosing of label text color. Have to enter the following inputs in order...
Hello Traders This is a proof of concept and a cool pinescript utility It displays a risk to reward division as a fractional value. For example Risk: 300 Reward: 600 This will be displayed as 1/2 as we can earn 2 units for a potential loss of 1 unit (600/300 = 2) for those wondering the NASA level mathematics behind :) Best regards Dave
Little tool to quickly identify stops and take-profit levels based on Average True Range. User can change ATR multipiers, as well as the ATR length used. Green and red lines show these levels; plot is visible over last 8 bars only to reduce clutter. Label showing the current ATR, up above the last bar
This script shows the estimated circulating supply of Bitcoin on any given day. Features: - Estimated Bitcoin circulating supply calculated daily - Uses the Bitcoin reward schedule, past halving dates, and the next upcoming halving estimated date to calculate the current estimated supply. - Optionally includes an option to use "Log Reduction" on the chart ***...
Hello ladies (if any in my followers ?) and gentlemen Here's your indicator of the day and once again given for FREE. What I'm going to say to my landlord if I can't pay rent because I'm not asking for $$ ? I'll probably send the next indicators from below the town brige. Even then... I will still comply with my challenge to share 1 original indicator a day and...