PINE LIBRARY
Profit Estimate
Library "profitestimate"
Simple profit Estimatr. Engages when Position != 0
and holds until posittion is na/0...
if position changes sizes, it will update automatically and adjust.
it has an input for comission to estmate exit fees
update_avgprice(_sizewas, _delta, _pricewas, _newprice)
Get a new Average position Price
Parameters:
_sizewas: (float) the position prior
_delta: (float) the order amount
_pricewas: (float) the prior price
_newprice: (float) the price of order
Returns: New Avg Price
amount(_position, _close, _commission, _leverage, _fullqty)
Position Net Profit Net Commission, automatic on/off if position != 0
Parameters:
_position: (float) position size (total or margin size)
_close
_commission: (float) % where (0.1 = 0.1%)
_leverage: (float) optional if leveraged, default 1x
_fullqty: (bool) if position entered is tottal trade size default is margin qty (1/lev)
Returns: quote value of profit
percent(_position, _close, _commission, _leverage, _fullqty)
Position Net Profit, automatic on/off if position != 0
Parameters:
_position: (float) position size (total or margin size)
_close
_commission: (float) % where (0.1 = 0.1%)
_leverage: (float) optional if leveraged, default 1x
_fullqty: (bool) if position entered is tottal trade size, default is margin qty (1/lev)
Returns: percentage profit (1% = 1)
Simple profit Estimatr. Engages when Position != 0
and holds until posittion is na/0...
if position changes sizes, it will update automatically and adjust.
it has an input for comission to estmate exit fees
update_avgprice(_sizewas, _delta, _pricewas, _newprice)
Get a new Average position Price
Parameters:
_sizewas: (float) the position prior
_delta: (float) the order amount
_pricewas: (float) the prior price
_newprice: (float) the price of order
Returns: New Avg Price
amount(_position, _close, _commission, _leverage, _fullqty)
Position Net Profit Net Commission, automatic on/off if position != 0
Parameters:
_position: (float) position size (total or margin size)
_close
_commission: (float) % where (0.1 = 0.1%)
_leverage: (float) optional if leveraged, default 1x
_fullqty: (bool) if position entered is tottal trade size default is margin qty (1/lev)
Returns: quote value of profit
percent(_position, _close, _commission, _leverage, _fullqty)
Position Net Profit, automatic on/off if position != 0
Parameters:
_position: (float) position size (total or margin size)
_close
_commission: (float) % where (0.1 = 0.1%)
_leverage: (float) optional if leveraged, default 1x
_fullqty: (bool) if position entered is tottal trade size, default is margin qty (1/lev)
Returns: percentage profit (1% = 1)
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in a publication is governed by House rules.
Disclaimer
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