Position calculator [krazke]This indicator will help you calculate your position. This will automatically calculate potential liquidation price and select leverage for your stop loss and risk size.
How to use it:
1. Select position direction. (long checkmark - selected if it's long)
2. Select entry. If you want to use custom entry price select checkmark and set value. (Current price is default entry)
3. Enter stop loss.
4. Enter risk.
5. Enter max leverage for current ticker.
P.S. Liquidation price is not 100% correct but it almost.
Portfolio management
Equity Trade Risk ManagerEquity Trade Risk Manager is a simple indicator that helps you protect your portfolio by going into each trade risk first !
Equity Trade Risk Manager does this by calculating your ideal position size or ideal stop loss based on your account size, purchase price and risk tolerance. This ensures you are never risking more than your predetermined amount on each trade.
Unlike most position size calculators, that will only tell traders how many shares to purchase, Equity Trade Risk Manger allows the trader to choose whether they want to calculate the ideal number of shares to purchase or where to set the trades stop loss based on the number of shares owned. Not only that, but knowing traders need to act fast, the indicator also gives the option to quickly use the current price and low of the day as an entry and stop. Lastly, your stop loss will be plotted onto the chart for a visual aid.
Features:
Dynamic Risk Settings:
Account Customization: Input your account size to get metrics tailored to you.
Calculation Choices: Decide if you want the tool to calculate the number of shares you should buy or where to set your stop-loss.
Custom Risk Parameters: Use preset risk percentages or set your own to match your comfort level.
Price Point Flexibility:
Enter your entry and stop price or opt to use the current price and the low of the day.
Interactive Display Settings:
Customizable Interface: Adjust table positions, text size, and color schemes to match your trading dashboard aesthetic.
On-Chart Stop-Loss Indication: Visualize your stop loss on the chart itself.
Get a snapshot of your dollar risk, position size, shares to buy, and stop-loss.
Trade Warehouse (SPOT trades)Hello there!
Let's imagine You are trading SPOT, buy more and more every new dump, but bear market is not going to stop... and your first trade was 3 YEARS AGO!!!
Can't believe it is true.
The problem is - exchanges allow You to see only new trades last 6 months(Binance). But I want to see all of them! How do I know AVG Price?
This script is my solution. Just use it to track and store your trade, so You can see AVG without uploading old trades everytime and using calculator.
Script description:
Here You can see the "Trade" type of variable. Python script using Pandas converts trades from .csv file into string type that You can input as trade(price, pair, amount, date..). After it uppends to the trades_array and pushed into the loop.
If trade date is more than current cundle - it pushes new trade to other arrays such a "pair", "avg_tot" etc. to comput it later.
If trade was buy - it increase invested capital and owned amount, opposite for sell and recomputs AVG price.
Since script has at least 1 trade it starts to plot AVG price.
There are 2 AVG price:
1. For total invested counting(You can get negative value if traded successful)
2. Current AVG price since last 0 currency amount(there is dust value to set how many usd we take as dust)
Table represents all assets statistics
Just upload your trades only 1 time, use script to convert it into pine code, and use as indicator. This script allow You to see ALL trades from oldest to the newest.
github.com/Arivadis/...w_Tradings_warehouse
If this script helped You - press Star (on GitHub) Like (on TradingView)
Warning -
Does not include free/earn/withdraw/deposit counting. Only Buy and Sell =>
This script has no idea about your side currency deposits, so if You got Your BTC or EUR or .. from another wallet and sold later - it can break your statistical data. Add this transfer manually(see examples inside script).
Use my github manual to get this script workin.
Installing takes around 3 minutes and contains 3-5 steps
Risk Management and Positionsize - MACD exampleMastering Risk Management
Risk management is the cornerstone of successful trading, and it's often the difference between turning a profit and suffering a loss. In light of its importance, I share a risk management tool which you can use for your trading strategies. The script not only assists in position sizing but also comes with built-in technical features that help in market timing. Let's delve into the nitty-gritty details.
Input Parameter: MarginFactor
One of the key features of the script is the MarginFactor input parameter. This element lets you control the portion of your equity used for placing each trade. A MarginFactor of -0.5 means 50% of your total equity will be deployed in placing the position size. Although Tradingview has a built-in option to adjust position sizing in a same way, I personally prefer to have the logic in my pinecode script. The main reason is userexperience in managing and testing different settings for different charts, timeframes and instruments (with the same strategy).
Stoploss and MarginFactor
If your strategy has a 4% stop-loss, you can choose to use only 50% of your equity by setting the MarginFactor to -0.5. In this case, you are effectively risking only 2% of your total capital per trade, which aligns well with the widely-accepted rule of thumb suggesting a 1-2% risk per trade. Similar if your stoploss is only 1% you can choose to change the MarginFactor to 1, resulting in a positionsize of 200% of your equity. The total risk would be again 2% per trade if your stoploss is set to 1%.
Max Drawdown and MarginFactor
Your MarginFactor setting can also be aligned with the maximum drawdown of your strategy, seen during a backtested period of 2-3 years. For example, if the max drawdown is 15%, you could calibrate your MarginFactor accordingly to limit your risk exposure.
Option to Toggle Number of Contracts
The script offers the option to toggle between using a percentage of equity for position sizing or specifying a fixed number of contracts. Utilizing a percentage of equity might yield unrealistic backtest results, especially over longer periods. This occurs because as the capital grows, the absolute position size also increases, potentially inflating the accumulated returns generated by the backtester. On the other hand, setting a fixed number of contracts as your position size offers a more stable and realistic ROI over the backtested period, as it removes the compounding effect on position sizes.
Key Features Strategy
MACD High Time Frame Entry and Exit Logic
The strategy employs a high time frame MACD (Moving Average Convergence Divergence) to make entry and exit decisions. You can easily adjust the timeframe settings and MACD settings in the inputsection to trade on lower timeframes. For more information on the HTF MACD with dynamic smoothing see:
Moving Average High Time Frame Filter
To reduce market 'noise', the strategy incorporates a high time frame moving average filter. This ensures that the trades are aligned with the dominant market trend (trading the trend). In the inputsection traders can easily switch between different type of moving averages. For more information about this HTF filter see:
Dynamic Smoothing
The script includes a feature for dynamic smoothing. The script contains The timeframeToMinutes(tf) function to convert any given time frame into its equivalent in minutes. For example, a daily (D) time frame is converted into 1440 minutes, a weekly (W) into 10,080 minutes, and so forth. Next the smoothing factor is calculated by dividing the minutes of the higher time frame by those of the current time frame. Finally, the script applies a Simple Moving Average (SMA) over the MACD, SIGNAL, and HIST values, MA filter using the dynamically calculated smoothing factor.
User Convenience: One of the major benefits is that traders don't need to manually adjust the smoothing factor when switching between different time frames. The script does this dynamically.
Visual Consistency: Dynamic smoothing helps traders to more accurately visualize and interpret HTF indicators when trading on lower time frames.
Time Frame Restriction: It's crucial to note that the operational time frame should always be lower than the time frame selected in the input sections for dynamic smoothing to function as intended.
By incorporating this dynamic smoothing logic, the script offers traders a nuanced yet straightforward way to adapt High Time Frame indicators for lower time frame trading, enhancing both adaptability and user experience.
Limitations: Exit Strategy
It's crucial to note that the script comes with a simplified exit strategy, devoid of features like a stop-loss, trailing stop-loss or multiple take profits. This means that while the script focuses on entries and risk management, it might result in higher losses if market conditions unexpectedly turn unfavorable.
Conclusion
Effective risk management is pivotal for trading success, and this TradingView script is designed to give you a better idea how to implement positions sizing with your preferred strategy. However, it's essential to note that this tool should not be considered financial advice. Always perform your due diligence and consult with financial advisors before making any trading decisions.
Feel free to use this risk management tool as building block in your trading scripts, Happy Trading!
MarketSmith VolumesThe 'MarketSmith Volumes' is to be used with the 'MarketSmith Indicator' and 'EPS & Sales' in order to mimic fully MarketSmith Graphs with the maximum number of indicators allowed by a free Tradingview Plan: 3
This indicator is no more than a simple volume indicator where all parameters are already adjusted to resemble MarketSmith graphical volumes.
Also you will find integrated:
High Volumes Bars Peak :
They allow us to see peak volumes at a glance.
10-Week Average Volume :
When viewing a weekly chart, this line represents a 10-week moving average volume level. It allows you to see if the current Volume Bar of the week is above or under the average volume traded in the past 10 Weeks.
50-Day Average Volume :
When viewing a daily chart, this line represents a 50-day moving average volume level. Whether or not volume is above or below the average for a certain period could have a significant impact on your stock chart analysis.
TradePlannerTradePlanner is trade planning tool which helps to map out your trade plan by displaying an entry line, a stop line, and multiple target lines (up to 5 targets) right on the chart. Each line can be configured to display the distance from the entry in terms of both number of ticks as well as the profit/loss in currency terms. An on-screen table quantifies and summarizes the entire trade plan information plus it calculates and displays the maximum lot size given the specified amount of risk you want to take per trade, which is totally customizable, all of which takes the guesswork out of trade planning.
MarketSmith IndicatorThis script provides you with several indicators that will enable you to mimic MarketSmith charts, even with a free TradingView plan.
You can use this script with my ' EPS & Sales ' indicator.
MarketSmith-style bars
The script offers an original approach to managing candlesticks within the code, making them almost identical to those on MarketSmith.
For a perfect display, select ' Bars ' on your chart and set the opacity of your candles to 100% to display only the candles proposed by this indicator.
If you don't want them, you can simply disable them in the ' Style ' tab by unchecking 'MarketSmith Bars' and 'Chars'.
These candles are designed to be used with a fix chart. (No beautiful result with zooming in or out.)
Normally, the display will still be correct by right-clicking, and ' Reset Chart '.
Simple customizable moving averages
With automatic distinction of the weekly time unit. You can choose to display them or not, select the calculation method and modify their length via the panel.
The RS Rating indicator
I've integrated the RS Rating indicator into this script, as the RS Rating is a fundamental component of this layout.
High and valley points
These points are used by MarketSmith to detect bases, patterns, cup & handle.
Designed for US Market only you won't be able to screen correctly the India market for example.
External Indicator Analysis Overlay | Buy/Sell | HTF Heikin-AshiThis chart overlay offers multiple candlestick display options. The Regular (Japanese) and the Heikin-Ashi candles are well known. The Mari-Ashi (or Renko) option is something special as it should be timeframe independent, so that sideways action should be represented in one candle. That is difficult to realize as an overlay on the normal candlestick structure, but perhaps the chosen implementation is useful nonetheless. The Velocity option is experimental and is designed to show if the price has accelerated too much in a trend direction. In this case, the highs and lows do not reflect the actual highs and lows, but indicate the overshooting velocity. The opening of the candle also depends on the inherent velocity, but the close of the candle is always the actual close. Anyway, it doesn't look very useful, but the option is there.
All options can be applied to higher timeframes. A usable setting is obtained by disabling only the body of the TradingView candles in regular mode and enabling this overlay.
A large part of this overlay consists of buy/sell indication settings. For activation it is necessary to select an external source. For example the “Relative Bi-Directional Volatility Range”, specifically the Trend Shift Signal (TSS). This signal switches from 0 to 1, if the trend becomes bullish or from 0 to -1, if the trend becomes bearish. It will be automatically detected without specifying the Indication Type. Alternatively, the Volatility Moving Average (VMA) would meet the requirements for the Indication Type “Buy = positive | Sell = negative”. The Moving Average Convergence Divergence (MACD) also fulfills these conditions. Another example is to use any Moving Average with the Indication Type “Buy = rising | Sell = falling”. In the chart above the Hull Moving Average (HMA) is used. In addition, it is possible to reverse the signal, so that positive signals become negative and vice versa. The signals will be labeled as Buy or Sell on the chart.
The user can analyze whether the provided signals are good or bad indications for going long or short or simply for rebalancing a portfolio. Therefore, it is possible to set a starting point for the analysis and choose a weighting for the investments from 0% to 100% of the portfolio. To avoid sleepless nights, a very reliable (and conservative) setting seems to be Rebalancing with 50% (very similar to the well-known 60/40 portfolio). The calculation results are shown in a table.
As a small addition there is the possibility to label the peaks by setting the distance between the highs/lows. This will make the quality of the buy and sell signals even more clear.
Symbol Searcher [EmuMoon]Introducing the EmuMoon 'Symbol Searcher'. Your go-to tool for quickly comparing and discovering the best coins/symbols to trade.
With this nifty tool, you can easily search and compare 40+ different coins/symbols simultaneously to find the most volatile ones, while also identifying coins that are already correlated to the ones you're trading. That way, you can diversify your portfolio and avoid putting all your eggs in one basket.🧺🐣
The Symbol Searcher lets you sort by volatility, correlation and weighted combinations of both. You can even input your own coins/symbols to see how they stack up. It's a fun way to explore the crypto/trading market and find new opportunities.
You can also add the 'Symbol Searcher' to the chart multiple times to display even more symbols. This works excellent with the other DCA Tools that are Advanced!
Features
The EmuMoon 'Symbol Searcher' has a number of features, including:
• Optimal Coin Selection - The 'Top Picks' Table automatically populates with coins/symbols exhibiting the most desirable values that are well suited to trading.
• 'Sort By' Drop-Down - Explore a wide range of sorting options to discover coins/symbols that align with your target goals and preferences.
• Lookback Duration - Small or broad, you can specify the quantity of bars/candles that are used when performing internal calculations.
• Customisable View - Choose the Quantity of Pairs to Compare and also separately choose the Quantity of Pairs to Display.
• Real-Time Data - Receive up-to-the-minute data on coins/symbols, pick any time frame interval to make informed and timely choices.
• Quick & Easy - You can search, compare and analyse a wide range of coins with speed and convenience and no complex setup.
• Default Pairs - Carefully selected from Binance USDT Spot, the top 40 pairs with a 'Maximum Supply' based on the highest statistics at the time of creating. Add your own at any time.
• Connectivity - Use on the go, on any device. Settings menu and display tables have been optimized to look great on Mobile as well as PC, Browser, App, Laptop, Mobile, Tablet etc.
• Fast Loading - Streamlined array/table structure means enhanced script compile times, significantly improving script compiling times and timeout errors.
Settings
• Show Main Table - Show or hide the main coin selection table.
• Display X Pairs - Choose how many pairs to display.
• Compare X Pairs - Choose how many pairs to compare.
• Lookback - Choose the quantity of bars/candles to be used for the Correlation and Volatility calculations.
• Sort By - Choose how the main table is sorted.
• Show Top Picks Table - Show or hide the Top Picks Table.
• + Corr X Vol - Choose the quantity of High Correlation + High Volatility coins to show on the Top Picks Table.
• - Corr X Vol - Choose the quantity of Low Correlation + High Volatility coins to show on the Top Picks Table.
• o Corr X Vol - Choose the quantity of Neutral Correlation + High Volatility coins to show on the Top Picks Table.
• Symbol Input 1 - To check for correlation, the script utilizes coin slot number 1 as a reference, comparing it against all the coins numbered 2~40.
• Symbol Inputs 2~40 - Customize the coin inputs (2~40) according to your preference.
• Table Position - Adjust location of table plotted on chart. You can also add the 'Symbol Searcher' to the chart multiple times to display even more symbols. 🎉
• Info & Help - Some great information about the script and its features
• Text Size - Whether you are on PC, App, or Tablet, you can adjust the view to fit your device.
Usage
While statistics provide valuable insights, they should not be solely relied upon as an indicator of future results. This script serves as a tool traders can utilise to help gain an overview of the market landscape, and quickly compare and identify potential opportunities, enhancing their decision-making process. To use the indicator, simply input your chosen coins/symbols or use the defaults, select the quantity you want to compare, choose a sorting option, you can also generate a Top Picks list based on the highest performing values by using the +/-/o Corr X Vol quantity selections.
Broadview Algorithmic StudioWelcome! This is the writeup for the Broadview Algorithmic Studio.
There are many unique features in this script.
- Broadview Underpriced & Overpriced
- Broadview Blackout Bollinger Bands
- Trailing Take Profit Suite
- Algorithmic Weights
- VSA Score
- Pip Change Log
- Activation Panel
- Weight Scanner
There are 116 primary inputs that allow users to algorithmically output unique DCA signal-sets. There are 85 inputs that allow users to control individual lengths, levels, thresholds, and multiplicative weights of the script. You will not find any other script with this many inputs, properly strung together for you to produce unlimited strategies for any market. The entire premise for the Broadview Algorithmic Studio is for users to be able to have extensive-cutting-edge features that allow them to produce more strategies, having control over every element that outputs a signal set. The number of unique strategies you can output with this script is VAST, and each continues to follow a safe DCA methodology.
This script is ready for use with 3Commas, interactive brokers, and other means of automation. It provides detailed information on Base Orders and Safety Orders, giving the number, cumulative spending, position average, and remaining balance for each SO in the series. Using this script we will explore the depths of strategic volume scaling, and the algorithms we use to determine spending.
Let me first start by saying the number of safe DCA-friendly signal-sets this script can output is absolutely staggering.
Let's limit the scope just to the Broadview Underpriced & Overpriced and Broadview Dominance indicators.
Each band of the Dominance Suite can be controlled individually with unique lengths, levels, and weights. This means the Dominance Suite can establish Bearish or Bullish dominance, in any market condition, and give it a unique overloading weight. The Broadview Underpriced & Overpriced indicator finally gives us the ability to establish these "market conditions" first with cycles. Of all the cycles this indicator establishes, the two primary are Underpriced & Overpriced. We determine this using a composite Overbought & Oversold with an Exponential Moving Average. So the script can now know, what cycle it is in, who is dominant during that cycle, and exactly how much weight in volume scaling the order should have.
Brand new is the ability for indicators of this level to be able to talk together in a single script. The Broadview Underpriced & Overpriced indicator and the Broadview Dominance indicator can inform one another across multiple vectors, create a unique market snapshot, and give that snapshot a unique weight every bar. The unique weight is compiled in the volume scaling math, thus giving us an automated-strategic-safe and quite efficient volume scaling for every order. In our coming updates we will explore this synergy to its very deepest layers. These indicators can be laced together in many ways, called vectors.
Only in the Algorithmic Studio do we explore these depths and yield those findings, features, and inputs to the user.
Let me take a quick break to explain another area-of-opportunity for our research and development.
The VSA Score is something we've tried before, but until the creation of the Broadview Blackout Bollinger Bands Auto Indicator it was not possible. The concept we want to explore is "Positional Honing". Over time we want users and the script itself to be able to understand the difference between a script-config that produces a high number of Hits, from a configuration that produces a high number of "Misses". The Volume Scaling Accuracy Score uses the BBB Auto Indicator as a heavily reliable, non-repainting, method of determining what the very-best signals for increased volume-scaling are.
Increased volume scaling is denoted by the near-white highlighter line running vertically. This line will either fall inside the BBB Auto Indicator bands (which are hidden), or, they will fall below and outside the BBB Auto bands. If increased spending happens inside the bands it's a "Miss". If increased spending happens below and outside the bands, it's a Hit. Oftentimes misses are actually pretty good spots for extra spending, which helps lower your position average, but Hits are always better. The Hits that the BBB Auto Indicator provides are extremely good.
Let's talk about the Trailing Take Profit Suite. This suite allows us to set a trailing take profit which is a feature that lets one maximize their profits. If the trailing take profit is engaged, then when the regular take profit is hit, it will trigger, denoted in red vertical lines, and the trailing take profit will look for a specified rate of change before it actually takes profit. This usually helps traders in those times when their regular take profit was set too low, allowing them to maximize their profits with a Trailing Take Profit.
For the moment, let's think about our scores. In the dashboard you'll notice a score beginning the Pip Change Log, the VSA Score, and the Activation Panel.
These scores use a new kind of logistic correlation formula where 4 digits are given to activation, rather than 1. This is to allow room for a future concept in AI we call "Deadzones" or you can think of it as impedance. This is not a bias in logistic regression. It's an entirely different concept. A neuron, which a perceptron attempts to mimic, has a bias.. but it also has a sort of electrical resistance. This is because a neuron is individually-alive entity. So a perceptron, as it were, would need to have both a bias and a natural resistance, or deadzone.
It is a lot of fun to watch the scores and how they react during playback. They tend to smooth trends but are also quite quick to correct to accuracy. In the future we will add the deadzones and biases to the scores. This should help both users and the script produce better signal sets. The Pip Change Log is an indicator that measures Rate of Change in Pips. This is one that I am particularly excited to study, as I am a huge fan of ROC. The Activation Panel shows these scores for 4 primary indicators: On Balance Volume, Relative Strength Index, Average Directional Index, and Average True Range.
Having the Pip Change Log, VSA Score, and Activation Panel up on the dashboard with their logistic correlation scores allows traders to study markets and setups quite intimately. The weight scanner at the bottom allows users to track the cumulative applied multiplicative weights during playback. The massive number of inputs, connected vectors of indicators, input-weights, lengths, levels, and thresholds sets up all the algorithmic infrastructure for powerusers to explore every idea and strategy output they could imagine. Also with the connected vector infrastructure we can deepen our indicators in a way where, "How they talk to each other.", comes first in every development conversation.
The Algorithmic Studio is for the Power-user.
These are not basic equations coming together to determine spending. This is a massive multi-layered-perceptron with everything from Trailing-Take-Profits to strategic-automatic algorithmic downscaling. The Broadview Algorithmic Studio gives a home to the poweruser who wants access to everything in a trading and investing AI, right up until the backpropagation. The Broadview Algorithmic Studio, gives users the ability to sit in the chair of the would-be AI.
Thank you.
Trade Manager & Position Size Tool & PnL Tracker [AlgoScopes] V1Position size tool, leverage calculator, trade tracker, money management, trade presentation, risk reward management, margin position, live profit and loss, that's all in this one Trade Manager indicator.
The idea for this indicator comes from two years ago when I was helping a friend who, at the request of 15-20 members from our telegram group, wanted to create a paid group and share our ideas for trade with them (it started as an experiment for just a month or two and ended with 15 months with over 500 trading ideas and signals, with a complete TA chart). If I had time to create this indicator back then for members, it would have been much easier for them to be able to understand and follow the trade idea that was presented through a classic chart, with all the things that a TA must have:
Entry (as well as the reason for entry),
Stop (where the idea for the trade is no longer valid),
Target (with the reason why it is the target for that trade),
Take profits (taking part of the profit on the way to the target).
The majority of members still did not understand how much position to trade, what is the possible profit or loss, if the margin trade is how much leverage to use, in one word “money management”. The most important rule that every trader must follow is "Plan your trade and trade your plan". Learn money management and you are halfway there to becoming a successful trader. It is only after all that, you learn to use some of the "holy grail" indicators. When you have mastered those first two rules, find and master your favorite indicator or trading style (the most important thing is to stick to those two rules). The margin | leverage is also included in the script, for which there are so many dilemmas, arguments and discussions. (that many who still do not understand margin, would trade that it is not passionate if it is controlled). Too much for an introduction, especially since this indicator has so much to explain.
Most importantly, this is an invite-only indicator, and there are so many free indicators on tradingview that can also serve you very well. As far as I know, all exchanges have a calculator tool to calculate the possible profit and loss for each trade you plan to take.
*This indicator is not recommended for scalping on a 1min chart because the script, as you will see, is very complex, so the loading time is longer than with simpler indicators.
💠 ABOUT THE SCRIPT
This script is made to help manage trade. In this one indicator you have the possibility to do technical analysis, calculation for trade (four types: account size risk, trade investment, maximum to lose or position size), monitor 'PnL' (profit and loss in real time) do the calculation in the second, maybe local currency, and set an alert (from entry to any other change in trade). As the script is made for general use, some slight differences are possible for real time 'PnL' or 'ROI'. Always do a test before you start trading with larger amounts. The script is recommended for intra day trading and above. The script is not recommended for scalping on the 1min chart
💎 PROCESS TO ADD SCRIPT TO CHART
Possible trade on break example trade
As this script is invite-only, to add it to the chart you need to click on Indicators and find it under the 'Invite-Only' section. When you add the script to the chart (as it is interactive), you will be asked to do 4 steps.
🔸 'SET TRADE TIME'
Click on the chart where the last vertical bar is.
If you are already in the trade, then find the bar|time where the trade started
(you want to follow trade or trade presentation)
🔸 1) 'SET ENTRY'
Click on the horizontal level where you want to place the Entry
🔸 2) 'SET STOP'
Click on the horizontal level where you want to set the Stop
🔸 3) 'SET TARGET
Click on the horizontal level where you want to place the Target
💎 CONFIRM INPUTS
After you have done those 4 steps, a popup will appear with the relevant inputs for the trade.
You will see that some inputs are already filled (done in those 4 steps before, Entry, Stop and Target). You can correct them if you want (you will sometimes notice a longer 'space decimal' for the trade ticker, but this will not affect the calculator or other parts of the script). You can do the rest of the inputs for trade or finish it later when the script is loaded on the chart (it is recommended to fill in 'Trade Type' and 'Amount'. Don't forget to click on the "Apply" button to load the script on the chart.
💎 INDICATOR LOADED ON CHART
• When the indicator is loaded on the chart (regardless of whether it is a new trade or a trade that has already started), the following items are displayed by default:
🔸 ' Trade Table ' shows all relevant information for the trade
🔸 ' Trade Box ' with lines for Entry, Stop and Target (Take Profits if enabled)
🔸 ' Trade Box Labels ' with relevant data
• The Entry label is also the trade status label, and if the trade is not active, by default it is the Entry color
If the trade is active or when a new trade reached Entry, several new things are noticeable:
• Entry|Status label as well as status row in table will change color as well as 'Entry Reached' text
• Several extra columns relative to trade will be added to the Entry|Status label
• 3 new columns will also appear on the Trade Table (Live PnL, Live min PnL and Live ROI)
• If Trail Stop is enabled, the label will change the text to T.Stop and change color depending on whether it is in loss or profit.
• If Trail Stop is enabled, inside Trade Box trail line it will follow price action inside the box, while the label will always be fixed at the initial level
• A vertical colored line will appear on the right side of the Trade Box (depending on whether the trade is in profit or loss) which shows as in the Trade Table like Live PnL
⚪ SETTINGS
💎 Trade Account Setup
🔸 ‘Trade Type’
• 'Account Capital' or portfolio (with combination '% Capital Risk')
• 'Investment' (how much you want to invest in the trade)
• 'Risk To Lose' (how much you want to risk losing)
• 'Position Size' (exact position size, units|share for trade)
🔸 ‘Account Type’
• If the account is in another currency or you want to see possible profit | loss in local currency
• Around 150 world and local currencies supported by ICE exchange
🔸 ‘Amount’
• Amount for ‘Trade Type’
🔸 ‘% Capital Risk’
• Only for ‘Account Capital’ trade type
(i.e. 10.000 account capital with ‘% Capital Risk’ 4 is 10.000 x 4% = maximum loss 400)
🔸 ‘Leverage’
• Enable|Disable for margin trade i size of leverage (maximum 125x)
(be sure to study how and when to use margin trade through the tutorial, because margin trade can be very dangerous. If you have not perfected margin trade, there is a great possibility of losing most or even all of your account capital).
💎 TRADE ENTRY & TARGET & STOP & T.STOP & DATE | TIME
🔸 ‘Trade Date & Time’
🔸 ‘Entry’
🔸 ‘Stop’
🔸 ‘Target’
• (all was set in the previous step but can be correct/adjusted if needed)
🔸 ‘Market Entry’
• Enabled will move Entry on that bar close
🔸 ‘Liquidation’ (enabled by default)
• Show ‘Warning’ if trade Stop is close or invalid (trade will hit liquidation before reached Stop level)
🔸 ‘Trailing Type’ (4 trailing stop type)
• ‘Disabled’ (Stop will stay the entire time at the initial stop level)
• ‘Continuous’ (I.Stop follow price by distance or percent when price reached Trail start level)
• ‘Stepped’ (I.Stop moves to previous level when price reached Trail start level)
• ‘Breakeven’ (I.Stop moves to Entry when price reached Trail start level)*
* (least one Take Profit enabled)
🔸 ‘Trailing Active’ (Entry, TP1, TP2 and TP3)
• Trailing stop starts level if ‘Trailing Type’ is enabled
🔸 ‘Trailing by’ (distance or percent)
• ‘Distance’ (T.Stop will follow price action by distance)
• ‘Percent’ (T.Stop will follow price action by percent)
(this is a good example to see the difference between trailing by initial distance and initial percentage)
🔸 ‘T.Stop Distance & Percent’ (initial distance and percent for table trade only)
• Useful for bot or exchange
🔸 ‘Stop, T.Stop, Target and TP’s in PIP’s’
• Distance in PIP’s
💎 TAKE PROFIT
🔸 ‘Split Target’ (enabled by default to three take profits (TP) with auto split)
🔸 ‘Number of Take Profits’ (up to three take profits)
🔸 ‘Type’ (auto or manual)
• For manual type fill all prices to preferred level. TP percent (TP1%, TP2% and TP3% ) and Target% is how much profit you want to take on a specific level.
• PLEASE NOTE sum of all enabled ‘TP’ and targets = 100 (e.g. two TP and sets TP1% to 25 and TP2% to 35, then Target% should be 40% i.e. 25 + 35 + 40 = 100)
💎 TRADE BOX & LINES
🔸 ‘Target Line’ (color for target line and trade table ‘direction’)
🔸 ‘Stop Line’ (color for initial line and trail line)
🔸 ‘Entry Line’ (color for entry line and label & table status)
🔸 ‘To Trade Time’ (‘trade box’ left vertical line)
• By default is set to trade date and time
• Unchecked will be moved to the last bar (live time)
🔸 ‘Extended Left’ (extend Entry, Stop, Target and TP’s lines to left)
• To check for possible support|resistance
🔸 ‘Size’ (Entry, Stop, Target and TP’s lines size)
🔸 ‘PnL Box Size’ (line size for vertical box lines)
🔸 ‘Offset’ (right vertical line offset from last bar)
🔸 ‘PnL Box Color’ (right vertical line and trail fill color)
• Color changes for profit & loss
🔸 ‘Box Line Color’ (box base color)
💎 LABELS
🔸 ‘Stop & Target Labels’ (enable|disable stop and target labels)
• By default is set to small (tiny, small, normal, large, huge and auto option)
• Disabled will move all information on Entry|Status label
🔸 ‘Offset’ (label offset from trade box)
🔸 ‘Target Label’ (label color for target and all enabled tp’s)
🔸 ‘Stop Label’ (label color for initial stop and enabled trailing stop)
🔸 ‘Label Text’ (color for label text)
🔸 ‘Status Label Color’ (label table entry|status color when trade is not active)
🔸 ‘PnL’ (entry|status color for profit and loss)
🔸 ‘Size’ (by default set to normal, option tiny, small, normal, large, huge and auto)
🔸 ‘Risk to Reward’ (show risk to reward on labels)
🔸 ‘Extra Info’ (by default disabled, show extra related info for trade on labels)
• Useful if Trade Table disabled
🔸 ‘Close Trade Stats’ (by default disabled, show all info when trade is closed)
• By default is white text color for close trade stats label
💎 ALERTS
🔸 ‘Failed Trade’ (alert if price reached Stop before is active, reached Entry)
• Useful if trade need adjustment but it can also be left as it is
and alert is just warning
🔸 ‘New & Update Alert’ (alert when price reached Entry or change status to enabled Take Profits)
🔸 ‘Trade Closure Alert’ (alert when trade closed, reached Stop, Target or enabled Trail Stop)
• Alert can be in modified or default preset jSon format as well as in plain text format
• Place holders for creating alerts are :
{type}, {symbol}, {exchange}, {ticker}, {base}, {quote}, {timeframe}, {price}, {direction}, {entry}, {stop}, {tstop}, {tp1}, {tp2}, {tp3}, {target}, {tstopstatus}, {status}, {result}
* {type} placeholder is set to ‘Trade Active’, ‘Trade Update’ and ‘Trade Closed’
💎 TABLE DISPLAY
🔸 ‘Trade Table’ (enable|disable trade table)
🔸 ‘Position’ (by default set to bottom right with option bottom, middle and top with left, center and right)
🔸 ‘Size’ (by default set to normal, option tiny, small, normal, large, huge and auto)
🔸 ‘Full Table’ (by default enabled, disabled show small table without some info*)
* check picture for reference
🔸 ‘Presentation’ (by default disabled, hide all info related to PnL in trade currency)
• Useful if trade shared for presentation, hidden trade fiat|currency info)
🔸 ‘Header’ (color for trade table first row)
🔸 ‘Stats’ (color for trade table statistics row)
🔸 ‘Text’ (color for trade table text)
🔸 ‘Error’ (color for all errors if is made when trade is setup)
• Color for errors is for trade table and trade labels
🔸 ‘Fiat Price’ (by default enabled, show info for second fiat*
* if trade is in crypto and ‘quoted’ currency is not stable coin, like ETHBTC, or ‘Account Type’ is set to different currency
🔸 ‘Live Fiat Price’ (if ‘quoted’ currency enabled will show live exchange conversion)
🔸 ‘All Errors’ (enabled by default, show all error if trade setup is wrong)
• When error shows on trade, disabled this to see what|where is error
• Check below for more details
🔸 ‘Tool Tip (chart)’ (enabled show all tooltip on chart)
• Check below for more details
• When you are familiar with indicator, disable popup tooltip
💎 TOOLTIP
All possible tooltips have been added for easier understanding, especially for traders who are just learning how to place a trade. (when you perfect this indicator, you can turn off the tooltip in settings, and you can also normally use the lite version of this indicator, which does not contain all these futures)
🔸 ' Settings Tooltips’
🔸 ‘Chart Tooltips’
🔸 ‘Table Tooltips’
🔴 ERRORS
When you setup trade, not only a novice in trading, but also experienced traders can make a mistake and for this reason all possible errors are included in the indicator which will be shown on the chart by changing the color of the labels as well as on the trade table and in most of the cases and error text.
If the tooltip is enabled in the settings, you can see the reason for the error as well as the solution.
Here are some examples of possible errors.
Stay safe
PLAN YOUR TRADE AND TRADE YOUR PLAN
VWCE * DXY valuationVWCE is priced in EUR, but it is calculated in USD. It is always good to know VWCE´s "real" valuation. As sometimes the price of VWCE may seem expensive, but the underlying DXY can indicate otherwise. Helpful to get an impression of the real value of VWCE for EUR-based traders and to know where the world market is standing.
Average Position Calculation (F3rd1n) Intended to calculate the average value of multiple positions.
Indicator Based Market Exposure (IBME)The Indicator Based Market Exposure (IBME) system was created by Big Wave Chartist as a way to navigate the markets using a confluence of three different signals to determine when the "internals" of the market are in your favor and how heavily invested to be at any point. The idea of the system is also to flash warning signs when the market internals are beginning to deteriorate so as to take a defensive stance. Of course this system can be strictly adhered to, or it can be incorporated into a more discretionary style of trading, and be combined with progressive exposure into (and out of) the market as positions gain (or lose) traction.
The IBME displays a straightforward action signal based on the combination of the 3 separate signals:
Green 🟢 Full size-longs permitted
Yellow 🟡 Pilot positions permitted
Red 🔴 No longs allowed
So let's get into the signals used:
McClellan Summation Index
Net New Highs/Lows
Net New Highs Crossover
McClellan Summation Index (MSI)
The McClellan Summation Index is a long-term version of the McClellan Oscillator, which is a market breadth indicator based on stock advances and declines. Interpretation is similar to that of the McClellan Oscillator, except that it is more suited to intermediate to major trends and related reversals. The McClellan Summation Index can be calculated as the sum of all the daily values of the McClellan Oscillator. This is used along with the 10-sma to watch for a crossover indicating an uptrend or downtrend beginning.
Net New Highs/Lows
This is the net number of stocks making 52-week highs or lows. For instance, if there are 60 new 52-week highs and 20 new 52-week lows, the net number will be 40 net new 52 week highs. This signal is particularly useful in gauging breadth.
Net New Highs Crossover
This is the description of NNHC from the original separate version of this indicator created by HikoStory: "Net New Highs can guide you to increase or decrease your exposure based on the current market health. They are calculated by subtracting the new highs from the new lows, based on all stocks of the...NASDAQ. A positive value shows that the market is doing good, since more stocks are making new highs compared to new lows. A negative value shows that the market is doing bad, since more stocks are making new lows compared to new highs. Combined with a moving average you can see crossovers that can warn you early when there is a change in the current market health."
The default index for the IBME is the Nasdaq.
The IBME is meant to be used on a daily time frame chart, therefore the signal will only show on a daily time frame chart.
Display options include:
Show/hide individual signals
Table background/font color
Table size/placement
SHAHRAM - Money Management This indiator will help you to calculate your position size for managing the risk calculator.
Features :
Click-able Price Entry & SL & TP
calculations works on Forex, CFD, Stock, Futures and Crypto markets.
Usage:
Step 1: Set your entry price
Step 2: Set your stop loss
Step 3: Set your Target
Step 4: Choose the symbol, forex will be automatically detected
Step 5: Fill in your balance and set your risk settings
Parameters
- Set symbol: Forex (auto detection), US100, US30, BTC, XAUUSD, NGAS, XBRUSD, XTIUSD, AUS200, US500, OIL, GOLD, SILVER,...
- Account balance
- Risk in %
- Contract size
- Levels: Stop loss, Entry, Target
- Display settings for the Trading Panel
Trading panel
- Show Live P/L
- Show Risk to reward
- Show lot size
- Show risk in %
- Show account balance
- Show money at risk (no commissions included)
You need change the lot size in Account Setting of this indicator For Gold,Oil... and Other Symbol like as different pip value.
Simply choose your entry level and stop level than target price on the chart and the indicator will calculate your invest size and other documents. You can change your account risk and base currency units in the settings along with changing the scaling of the calculation to adjust the results with the lot sizing units of your broker. This allows the calculator to be used with CFDs, forex, Gold, etc.. Hope it helps in your trading it has been the single most useful tool in my trading as it has helped me always keep my risk locked up and on point that is why I released it.
Copyright BY : @shahramlife
indiator will help you to calculate your position size for managing the risk calculator.
Realized price for BTC, ETH, LTCThis script calculates the realized price of BTC/ETH/LTC and shows a signal when the market price falls below the realized price - which can be signal a for potential market bottom. The realized price calculation is based on Glassnode data MVRV ratio.
- Realized Price is the average price of the Bitcoin supply, valued at the day each coin last transacted on-chain. This is often considered the 'on-chain cost basis' of the market.
- MVRV Ratio is the ratio between the market value (MV, spot price) and the Realized value (RV, realized price), allowing for a visualization of Bitcoin market cycles, and profitability.
Calculations:
REALIZED PRICE = REALIZED MARKET CAP / CIRCULATION SUPPLY
REALIZED MARKET CAP = 1 / MVRV * MARKET CAP
It's working with BTCUSD, ETHUSD, LTCUSD tickers only.
SPDR TrackerMonitor all SPDR Index Funds in one location! The purpose of this indicator is to review which sectors are trend up vs down to better manage risk against SPY, other funds and/or individual stocks.
With this indicator it may become more apparent which sectors to begin investment in that are at lows compared to others, or use it to determine which stocks may be undervalued or overvalued against SPY.
There is a small table at the bottom where each fund symbol is presented along with it's mode value, last period change as well as last period volume - there's a tooltip that shows the description for each symbol for a quick reminder.
Review the configuration pane where:
Individual funds can have their visibility toggled
Change funds colors
Adjust display mode for each fund (SMA, EMA, VWMA, BBW, Change, ATR, VWAP - many more!)
Some presentation modes may look better on some timeframes vs others, adjust lengths and use anchor point for VWAP.
Future updates may bring about new features, I have some code organization and refactoring to do but wanted to share the idea anyways.
Feel free to drop any suggestions for feature enhancement and I hope it brings success to many, enjoy.
Sublime Trading | Trailing StoplossWhat kind of traders/investors are we?
We are trend followers. Our scripts are designed to be used on the higher timeframes (weekly/daily) to catch the large moves/trends in the market.
Most have heard of long-term trend following. Few know how to execute the strategy.
Our scripts are designed specifically to identify and invest in long-term market trends.
What does this script do?
The exit from a position is arguably more important than the entry.
Traders/Investors will regularly find themselves in an asset based on some logic, but the exit management is very much an afterthought.
Hence why traders often take profit too early and hold onto losing positions. It is emotionally driven.
The Trailing Stoploss script is designed to remove the guesswork and show you precise levels you will want to consider exiting a position when an asset reverses.
How is the trailing stoploss produced?
The script uses the formula ATR 15 x 4.
We use ATR as it produces a stoploss which is unique to the volatility of the asset. The more volatile the asset, the wider the stoploss.
We use ATR 15 as it brings an average reading across half a month, incorporating days of extreme volatility.
The multiplier 4 works well to avoid positions being stopped out prematurely on pullbacks.
When the trailing stoploss is hit, this is where you will want to consider taking profit.
What is the best timeframe to use the script?
We recommend the daily timeframe as this is where trend followers enter assets to maximise the potential of long-term trends.
The higher timeframes are where traders and investors take fewer positions and hold for longer time periods.
The trailing stoploss follows the price of the asset a distance away to give the trend structure enough space and time to develop.
A trend is ultimately a function of time. If you eliminate time, you eliminate the trend. If you eliminate the trend, you eliminate profit.
The Trailing Stoploss script is necessary for investors who appreciate that profit is accumulated by letting winning positions run and not taking profit too early.
What makes this script unique?
Exit management and knowing when to let go of an asset is one of the main struggles budding investors face. This script has been coded specifically for the daily timeframe to:
Create a trailing stoploss that is unique to the volatility of the asset.
Allow investors to stay in positions for the duration of the trend over many months.
To distinguish between a pullback and a market reversal, allowing for discretion.
This TSL script is designed to manage positions investors take in line with long-term market trends.
Global Liquidity IndexThe Global Liquidity Index offers a consolidated view of all major central bank balance sheets from around the world. For consistency and ease of comparison, all values are converted to USD using their relevant forex rates and are expressed in trillions. The indicator incorporates specific US accounts such as the Treasury General Account (TGA) and Reverse Repurchase Agreements (RRP), both of which are subtracted from the Federal Reserve's balance sheet to give a more nuanced view of US liquidity. Users have the flexibility to enable or disable specific central banks and special accounts based on their preference. Only central banks that both don’t engage in currency pegging and have reliable data available from late 2007 onwards are included in this aggregated liquidity model.
Global Liquidity Index = Federal Reserve System (FED) - Treasury General Account (TGA) - Reverse Repurchase Agreements (RRP) + European Central Bank (ECB) + People's Bank of China (PBC) + Bank of Japan (BOJ) + Bank of England (BOE) + Bank of Canada (BOC) + Reserve Bank of Australia (RBA) + Reserve Bank of India (RBI) + Swiss National Bank (SNB) + Central Bank of the Russian Federation (CBR) + Central Bank of Brazil (BCB) + Bank of Korea (BOK) + Reserve Bank of New Zealand (RBNZ) + Sweden's Central Bank (Riksbank) + Central Bank of Malaysia (BNM).
This tool is beneficial for anyone seeking to get a snapshot of global liquidity to interpret macroeconomic trends. By examining these balance sheets, users can deduce policy trajectories and evaluate the global economic climate. It also offers insights into asset pricing and assists investors in making informed capital allocation decisions. Historically, riskier assets, such as small caps and cryptocurrencies, have typically performed well during periods of rising liquidity. Thus, it may be prudent for investors to avoid additional risk unless there's a consistent upward trend in global liquidity.
Comparative Relative StrengthIn Comparative RSI We need to Use weekly timeframe
Comparative Symbol should be Nifty and CRS moving average 100.
If the Moving avg is above the 100 period Comparative Symbol that means the stock is outperforming benchmark indices and can make position in that stock and hold till it goes below Comparative Symbol on weekly basis
Average purchase price 0.1 [PATREND]
Average purchase price
This tool calculates the average purchase and sell price and the profit/loss ratio for the selected symbol based on the user's inputs for the purchase and sell prices and the entry and exit amounts.
Using Average purchase price with DCA strategy
This tool can be used to track the performance of your dollar cost averaging (DCA) investment strategy.
This tool allows you to enter information about your purchase and sell transactions, such as the purchase and sell price and the entry and exit amount, and it calculates the average purchase and sell price and the profit/loss ratio based on this information.
When using a DCA strategy, you can enter information about your regular purchase and sell transactions and the tool will calculate the average purchase and sell price for you.
You can use this information to determine if your strategy is working well and make the necessary adjustments.
In addition, this tool can help you determine when you should increase or decrease the regular investment amounts that you make as part of your DCA strategy.
It can also show you the profit/loss ratio for each sell transaction that you made.
_________________________________
We hope you find it useful.
Don't hesitate to try this tool and customize its settings to meet your trading needs.
We look forward to seeing your opinions and comments.
______________________________________________________________________________________________________
Average purchase price
هذه الأداة تحسب متوسط سعر الشراء والبيع ونسبة الربح / الخسارة للرمز المحدد بناءً على إدخالات المستخدم لأسعار الشراء والبيع ومبالغ الدخول والخروج.
استخدام Average purchase price مع استراتيجية DCA
يمكن استخدام هذه الأداة لتتبع أداء استراتيجية الاستثمار المتوسط التكلفة الدولارية (DCA) الخاصة بك.
تتيح لك هذه الأداة إدخال معلومات عن عمليات الشراء والبيع الخاصة بك، مثل سعر الشراء والبيع وكمية الدخول والخروج، ويقوم بحساب متوسط سعر الشراء والبيع ونسبة الربح / الخسارة بناءً على هذه المعلومات.
عند استخدام استراتيجية DCA، يمكنك إدخال معلومات عن عمليات الشراء والبيع المنتظمة التي تقوم بها وستقوم الأداة بحساب متوسط سعر الشراء والبيع لك. يمكنك استخدام هذه المعلومات لتحديد ما إذا كانت استراتيجيتك تعمل بشكل جيد وإجراء التعديلات اللازمة.
بالإضافة إلى ذلك
يمكن لهذه الأداة مساعدتك في تحديد متى يجب عليك زيادة أو تقليل مبالغ الاستثمار المنتظمة التي تقوم بها كجزء من استراتيجية DCA. كما يمكنها أن تظهر لك نسبة الربح / الخسارة في كل عملية بيع قمت بها.
تصرف كخبير ترجمه مختص باسواق المال وترجم هذا النص للغه الانكليزيه بشكل دقيق
_________________________________
نأمل أن تجدوه مفيدًا لكم .
لا تترددوا في تجربة هذه الأداة وتخصيص إعداداتها لتلبية احتياجاتكم التداولية.
نتطلع إلى رؤية آرائكم وتعليقاتكم .
TradeMaster SignalsTrading effectively requires a range of techniques, experience, and expertise. From technical analysis to market fundamentals, traders must navigate multiple factors, including market sentiment and economic conditions. However, traders often find themselves overwhelmed by market noise, making it challenging to filter out distractions and make informed decisions. To address this, we present a powerful indicator package designed to assist traders on their journey to success.
The TradeMaster indicator package encompasses a variety of trading strategies, including the SMC (Supply, Demand, and Price Action) approach, along with many other techniques. By leveraging concepts such as price action trading, support and resistance analysis, supply and demand dynamics, these indicators can empower traders to analyze entry and exit positions with precision. Unlike other forms of technical analysis that produce values or plots based on historical price data, Price Action brings you the facts straight from the source - the current price movements.
The indicator package consists of three powerful indicators that can be used individually or together to maximize trading effectiveness.
⭐ About the Signals Indicator
This indicator offers a unique opportunity for traders to design their own personalized trading strategy. It has a built-in backtesting system, which allows you to thoroughly analyze the performance of your strategy before implementing it in live trading. With the ability to customize and test your strategy using historical data, the Signals indicator empowers you to make data-driven decisions and refine your trading approach.
👉 How does it work?
The Signals indicator provides users with the ability to select trigger conditions and further narrow them down using confirmations.
Conditions are quantitative factors that influence the generation of signals on the chart and in the backtest table. You can enable multiple conditions to create a comprehensive set of criteria for signal generation.
Confirmations, on the other hand, are qualitative factors that selectively filter out conditions based on their alignment with the chosen confirmations. This helps refine the signals and provide more targeted trading opportunities. Multiple confirmations can be enabled to further enhance the precision of the signals.
A well-balanced strategy in the Signals indicator involves carefully selecting a combination of conditions and confirmations to generate accurate trading signals. Finding the right balance between them is crucial for consistent and profitable trading.
To offer even more flexibility, the Signals indicator includes two powerful main functions:
Target Placement System: This feature allows you to set up to 6 targets with a stop loss level and partial exit percentages. You can choose between automatic target creation or manual customization, giving you control over your profit targets.
Exit Strategy: With this feature, you can define your preferred trailing stop strategy, allowing you to implement a systematic approach to exiting trades. By setting appropriate trailing stop levels, you can limit potential losses, while the system secures profits by automatically closing positions partially when certain price targets are reached. This may help you to maintain discipline in your trading and optimize your risk-reward ratio.
With over 30 unique conditions, 10 confirmations, and the deep Target Placement and Exit Strategy systems, the Signals indicator offers a vast array of possibilities. In fact, there are potentially millions of different strategy outputs available for each ticker. Despite its complexity, the script remains lightweight and fast, ensuring smooth performance.
The Signals Backtest table provides a comprehensive overview of your strategy's performance. You can track your current position with all the necessary details, allowing you to monitor your trades effectively and make informed decisions based on the backtest results.
⚠️ WARNING!
Backtest results do not guarantee future performance. Strategies tested on synthetic data may not accurately represent real-world results. Testing should be conducted on charts that reflect actual closing prices.
The indicator displays buy/sell signals intended to support traders' analysis. There are numerous possibilities and combinations available to create your own unique strategies, whether trading with or against the trend or capturing oversold bounces. These are just a few of the many options! Our indicator can easily be tailored to fit your trading strategy.
The settings that influence the signal-generating algorithm play a crucial role in effectively utilizing the signals. We provide users with the flexibility to modify the settings to align with their trading style, while also offering simple adjustment methods using various techniques.
Each method for modifying the signal settings has been designed to meet specific user needs. It is important to understand that one method is not necessarily more accurate than another.
It is essential to understand that signal indications generally serve as trend confirmations, rather than direct entry and exit points. Focusing on the easy use of signal settings and utilizing other functionalities in our toolkit will likely be a better decision than attempting to find the "holy grail" of optimized signal settings and solely relying on following the signals.
⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. Our aim is to offer useful features that meet the needs of the 21st century and that we actually use.
🛑 Risk Notice:
Everything provided by trademasterindicator – from scripts, tools, and articles to educational materials – is intended solely for educational and informational purposes. Past performance does not assure future returns.
Modern Portfolio Management IndicatorAfter weeks of grueling over this indicator, I am excited to be releasing it!
Intro:
This is not a sexy, technical or math based indicator that will give you buy and sell signals or anything fancy, but it is an indicator that I created in hopes to bridge a gap I have noticed. That gap is the lack of indicators and technical resources for those who also like to plan their investments. This indicator is tailored to those who are either established investors and to those who are looking to get into investing but don't really know where to start.
The premise of this indicator is based on Modern Portfolio Theory (MPT). Before we get into the indicator itself, I think its important to provide a quick synopsis of MPT.
About MPT:
Modern Portfolio Theory (MPT) is an investment framework that was developed by Harry Markowitz in the 1950s. It is based on the idea that an investor can optimize their investment portfolio by considering the trade-off between risk and return. MPT emphasizes diversification and holds that the risk of an individual asset should be assessed in the context of its contribution to the overall portfolio's risk. The theory suggests that by diversifying investments across different asset classes with varying levels of risk, an investor can achieve a more efficient portfolio that maximizes returns for a given level of risk or minimizes risk for a desired level of return. MPT also introduced the concept of the efficient frontier, which represents the set of portfolios that offer the highest expected return for a given level of risk. MPT has been widely adopted and used by investors, financial advisors, and portfolio managers to construct and manage portfolios.
So how does this indicator help with MPT?
The thinking and theory that went behind this indicator was this: I wanted an indicator, or really just a "way" to test and back-test ticker performance over time and under various circumstances and help manage risk.
Over the last 3 years we have seen a massive bull market, followed by a pretty huge bear market, followed by a very unexpected bull market. We have been and continue to be plagued with economic and political uncertainty that seems to constantly be looming over everyone with each waking day. Some people have liquidated their retirement investments, while others are fomoing in to catch this current bull run. But which tickers are sound and how tickers and funds have compared amongst each other remains somewhat difficult to ascertain, absent manually reviewing and calculating each ticker individually.
That is where this indicator comes in. This indicator permits the user to define up to 5 equities that they are potentially interested in investing in, or are already invested in. The user can then select a specific period in time, say from the beginning of 2022 till now. The user can then define how much they want to invest in each company by number of shares, so if they want to buy 1 share a week, or 2 shares a month, they can input these variables into the indicator to draw conclusions. As many brokers are also now permitting fractional share trading, this ability is also integrated into the indicator. So for shares, you can put in, say, 0.25 shares of SPY and the indicator will accept this and account for this fractional share.
The indicator will then show you a portfolio summary of what your earnings and returns would be for the defined period. It will provide a percent return as well as the projected P&L based on your desired investment amount and frequency.
But it goes beyond just that, you can also have the indicator display a simple forecasting projection of the portfolio. It will show the projected P&L and % Return over various periods in time on each of the ticker (see image below):
The indicator will also break down your portfolio allocation, it will show where the majority of your holdings are and where the majority of your P&L in coming from (best performers will show a green fill and worst will show a red fill, see image below):
This colour coding also extends to the portfolio breakdown itself.
Dollar cost averaging (DCA) is incorporated into the indicator itself, by assuming ongoing contributions. If you want to stop contributions at a certain point, you just select your end time for contributions at the point in which you would stop contributing.
The indicator also provides some basic fundamental information about the company tickers (if applicable). Simply select the "Fundamental" chart and it will display a breakdown of the fundamentals, including dividends paid, market cap and earnings yield:
The indicator also provides a correlation assessment of each holding against each other holding. This emphasizes the profound role of diversification on portfolios. The less correlation you have in your portfolio among your holdings, the better diversified you are. As well, if you have holdings that are perfectly inverse other holdings, you have a pseudo hedge against the downturn of one of your holdings. This is even more helpful if the inverse is a company with solid fundamentals.
In the below example you will see NASDAQ:IRDM in the portfolio. You will be able to see that NASDAQ:IRDM has a slight inverse relationship to SPY:
Yet IRDM has solid fundamentals and is performing well fundamentally. Thus, this makes IRDIM a solid addition to your portfolio as it can potentially hedge against a downturn for SPY and is less risky than simply holding an inverse leveraged share on SPY which is most likely just going to cost you money than make you money.
Concluding remarks:
There are many fun and interesting things you can do with this indicator and I encourage you to try it out and have fun with it! The overall objective with the indicator is to help you plan for your portfolio and not necessarily to manage your portfolio. If you have a few stocks you are looking at and contemplating investing in, this will help you run some theoretical scenarios with this stock based on historical performance and also help give you a feel of how it will perform in the future based on past behaviour.
It is important to remember that past behaviour does not indicate future behaviour, but the indicator provides you with tools to get a feel for how a stock has performed under various circumstances and get a general feel of the fundamentals of the company you could potentially be investing in.
Please note, this indicator is not meant to replace full, fundamental analyses of individual companies. It is simply meant to give you a "gist" of how companies are fundamentally and how they have performed historically.
I hope you enjoy it!
Safe trades everyone!
