Risk Management Chart█ 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 trades.
It allows you to visualize and possible to analyze probability of your risk management. Be using different settings you can adjust and change your risk management for better profit in future.
It uses compound interest for each trade.
Each variant of trade is shown as a polyline with color from gradient depended on it last profit.
Also I made blurred lines for better visualization with function :
poly(_arr, _col, _t, _tr) =>
for t = 1 to _t
polyline.new(_arr, false, false, xloc.bar_index, color.new(_col, 0 + t * _tr), line_width = t)
█ HOW TO USE
Just add it to the cart and expand the window.
█ SETTINGS
Start Equity $ - Amount of money to start with (your equity for trades)
Win Probability % - Percent of your win / loss trades
Risk/Reward Ratio - How many profit you will get for each risk(depends on risk per trade %)
Number of Trades - How many trades will be generated for each variant of random trading
Number of variants(lines) - How many variants will be generated for each trade
Risk per Trade % -risk % of current equity for each trade
If you have any ask it at comments.
Hope it will be useful.
Rewardrisk
Alpha Cloud Algo Risk Reward CalculatorAlpha Cloud Algo Risk Reward Calculation Usage
This indicator helps users manage their positions by allowing them to set customizable take profit and stop loss levels. It helps investors better understand the risk and reward levels of their positions.
Indicator Settings:
Language: Choose the language of the indicator (currently only Turkish is available).
Position Type: Choose either a long or short position option.
Entry Price: Enter the price at which the position will be opened.
Risk Percentage (%): Specify the percentage you are willing to risk in the trade.
Take Profit Type: Choose an option to determine your take profit level as a ratio or price.
Take Profit Value: Enter your take profit level (depending on whether it is a ratio or price type).
Stop Loss Type: Choose an option to determine your stop loss level as a ratio or price.
Stop Loss Value: Enter your stop loss level (depending on whether it is a ratio or price type).
Leverage: Enter the amount of leverage you will use in the trade.
Investment Amount ($): Enter the amount of investment you have allocated for the trade.
Main Capital ($): Enter the amount of your available main capital.
Usage of the Indicator:
After filling in the indicator settings, the take profit and stop loss levels and labels will appear on the chart. The labels also show the amount of risk and reward, in addition to the levels.
The Stop Loss label contains the following information:
Stop Loss level
Total loss amount (in dollars)
Percentage risked (as a percentage of your main capital)
This indicator is designed to speed up the decision-making process and help investors more effectively evaluate potential risks. It allows investors to apply risk management strategies more effectively while trading.
Turkish Language
Alpha Cloud Algo Risk Reward Hesaplama Kullanımı
Bu gösterge, kullanıcıların pozisyonlarını yönetmelerine yardımcı olmak amacıyla özelleştirilebilir kar al ve stop loss seviyeleri belirlemelerini sağlar. Gösterge, yatırımcıların pozisyonlarındaki risk ve ödül seviyelerini daha iyi anlamalarına yardımcı olur.
Göstergenin Ayarları:
Dil: Göstergenin dilini seçin (şu anda sadece Türkçe mevcuttur).
Pozisyon Türü: Uzun (Long) veya kısa (Short) pozisyon seçeneklerinden birini belirleyin.
Giriş Fiyatı: Pozisyonun açılacağı fiyatı girin.
Risk Oranı (%): İşlemde riske atmak istediğiniz yüzdeyi belirleyin.
Kar Al Tipi: Kar al seviyenizi oran veya fiyat olarak belirlemek için seçeneklerden birini seçin.
Kar Al Değeri: Kar al seviyenizi girin (oran veya fiyat türüne bağlı olarak).
Stop Loss Tipi: Stop loss seviyenizi oran veya fiyat olarak belirlemek için seçeneklerden birini seçin.
Stop Loss Değeri: Stop loss seviyenizi girin (oran veya fiyat türüne bağlı olarak).
Kaldıraç: İşlemde kullanacağınız kaldıraç miktarını girin.
Yatırım Miktarı ($): İşlem için ayırdığınız yatırım miktarını girin.
Ana Para ($): Kullanılabilir ana paranızın miktarını girin.
Göstergenin Kullanımı:
Göstergenin ayarlarını doldurduktan sonra, grafik üzerinde belirtilen kar al ve stop loss seviyeleri ile etiketler görünecektir. Etiketler, seviyelerin yanı sıra risk ve ödül miktarlarını da gösterir.
Stop Loss etiketi aşağıdaki bilgileri içerir:
Stop Loss seviyesi
Toplam kayıp miktarı (dolar cinsinden)
Riske atılan yüzde (ana paranızın yüzdesi olarak)
Bu gösterge, yatırımcıların karar verme sürecini hızlandırmalarına ve potansiyel riskleri daha iyi değerlendirmelerine yardımcı olmak için tasarlanmıştır. Yatırımcıların, işlem yaparken risk yönetimi stratejilerini daha etkin bir şekilde uygulamalarına olanak tanır.
Reversal closing priceThe reversal closing price (RCP) is a candlestick pattern which follows two simples rules:
the low price of current candle needs to be lower than the low price of the last 2 candles
the closing price of current candle needes to be higher than the closing price of the last candle
This generates a signal for a long position. For a short position, the conditions are inverted:
the high price of current candle needs to be higher than the high price of the last 2 candles
the closing price of current candle needes to be lower than the closing price of the last candle
Since RCP is a trend follower indicator, the strategy is programmed in such a way that long positions are only placed if the short period EMA is above the long period EMA, and short positions are only placed if the short EMA is bellow the long EMA. Both periods are configurable, and should be ajusted for each asset.
This strategy uses a fixed stop loss and take profit, and the it's ratio is configurable. The stop price is one tick lower than the lowest price of X candles prior to the order execution for long positions, while in short positions it's one tick higher than the higher price. The amount of candles to lookback (X) is configurable. Both stop and take profit prices are displayed, the first as a red line, and the second as a green line.
This is the setting that I've found to work best with TVC:SPX , but you may find a better setting. While the RCP is universal, it's placement depends on the trend and it's strenght, something that is very heterogeneous among assets.
I really wish that I was able to place images, but I don't have PRO, so text will have to do.
This strategy was designed by Alexandre Wolwacz, a.k.a. Stormer.
Risk/Reward (InfoPanel)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 not a copy of what already exists
The today indicator is to show you the great possibilites behind the TradingView Label object : Label
Profit And Loss LABEL
I thought about that one for a while and wanted to share how we can calculate dynamically a Risk to Reward ratio .
This indicator is not based on the price on the chart. I repeat before getting the question asked me privately 10 times This indicator is not based on the price on the chart.
"Then it's not useful dude, you're dumb". I agree and.... I agree... BUT you can now calculate your Risk to Reward ratio on TradingView directly rather than using an external Excel file. Who's dumb now :) ?
For those curious about it, I used this formula for the R:R ratio formula Calculating-risk-reward.asp
It will also display the Profit and Loss data based on your inputs only
ERRORS LABEL
I also added some basic errors management. If any error occur when you'll type your inputs, then a very mean Error label will appear and you'll have to fix the issues in less than a few seconds.
Otherwise your computer will explode (KABOOOOM) and your trading capital will be redirected to my own insurance fund (I have a family to feed, thanks for your sacrifices)
(end of joke)
In more seriousness, the engine will check if the TP1/TP2/Stop Loss/Entry price combinaisons makes sense. If not, you''ll be punished with an error label.
You can use this methodology for your own indicators in the futur to display dynamic messages based on users' inputs and/or current price on the chart
The educational video giving more details is coming right up.
You can watch it and should be located under "IDEAS"
Wshing you all a very fruitful end of your day and see you tomorrow for the last indicator of the week (baby David is tired and need his rest)
Dave
