OPEN-SOURCE SCRIPT
Signals
Updated
This script allows you to calculate position size, and future profit, loses.
- You can add 3 target values and 1 stop loss
- Optionally you can display table, position it as you like, and see risk ratio
Plans:
- add profit loss to the labels
- You can add 3 target values and 1 stop loss
- Optionally you can display table, position it as you like, and see risk ratio
Plans:
- add profit loss to the labels
Release Notes
Added profit/loss values to the labelsRelease Notes
labels text color/size changesRelease Notes
- added possibility to use stop-loss with percentage- added commission field
Release Notes
Added shares/coins amount input option, to be able to calculate position size and amount based on this valueRelease Notes
Added font size option for targetsRelease Notes
Added risk reward value to the labelRelease Notes
R/R fixesRelease Notes
Added 2 more target valuesRelease Notes
Visual adjustmentsRelease Notes
Entry label adjustmentsRelease Notes
fixed shares calculation price if entry price is different from the close price, thx to markmaimai for pointingRelease Notes
Title: Advanced Trading Signals with Customizable Risk ManagementDescription:
This advanced trading signals script provides a flexible and customizable way to visualize entry, stop loss, and multiple take profit levels on your charts. With adjustable position size, commission, and percentage-based stop loss and take profit levels, this script is perfect for traders who want to plan their trades effectively.
Features:
Customizable position sizing: Enter a fixed dollar amount or shares/coins for position size.
Commission input: Set the commission percentage for the trades.
Entry price: Define a custom entry price or use the current closing price.
Stop loss: Set a custom stop loss price or a percentage-based stop loss.
Take profit: Set up to 5 custom take profit levels or use percentage-based take profit levels.
Customizable text size and colors: Choose the size and color of the text for labels and lines.
X-axis offset: Adjust the horizontal position of the labels and lines.
How to use:
Add the script to your chart.
Adjust the position size and commission settings according to your preference.
Set the entry price, stop loss, and take profit levels using either custom prices or percentage-based levels.
Customize the text size, colors, and X-axis offset for labels and lines.
Analyze the visualized levels on your chart to plan and execute your trades effectively.
Note:
This script is for visualization and planning purposes only. It does not execute any trades automatically. Always conduct thorough research and analysis before making any trading decisions.
Release Notes
Updated targets tooltip infoRelease Notes
Library updatedRelease Notes
Simulate mode added, and prefix labels can be customizedRelease Notes
Risk reward inputs addedOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.