Atlas Trend Position Table

20 oct.

Atlas Trend Position Table

This script provides an easy-to-understand position overview for traders, including key metrics such as entry price, potential profit, potential loss, and current profit/loss (PnL). It’s designed to help traders manage their open positions effectively, especially when using leverage.

Inputs:
Order Size ($): The total amount of capital used for the trade.
Entry Price: The price at which the trade was entered.
Stop Loss: The price level at which the trade will be exited to prevent further losses.
Take Profit: The price level where the trader aims to take profits.
Leverage: The multiplier for leveraged trading.
Commission (%): The commission fee applied to each trade.
Key Features:
Position Value Calculation: The script calculates the total position value by taking into account the leverage used in the trade.

Potential Profit and Loss:

Potential profit is calculated based on the difference between the take profit and the entry price, adjusted for commission.
Potential loss is calculated similarly, using the stop loss, and includes the effect of commission.
Real-Time Profit/Loss: The script also calculates real-time profit or loss using the current market price, factoring in leverage and commission.

Dynamic Background Colors:

The PnL background color dynamically adjusts: green when in profit, red when in loss. This provides a quick visual cue to assess the current trade status.
Table Display:
The output is shown in a table positioned on the right side of the chart. It contains the following information:

Entry Price: Displays the trade’s entry price.
Order Size ($): Shows the total leveraged position value.
Potential Profit: The potential profit from the trade based on the take profit level.
Potential Loss: The potential loss from the trade based on the stop loss level.
Current PnL: Displays the current profit or loss based on the live market price.
How to Use:
Input your trade details in the settings menu, including your entry price, stop loss, take profit, and leverage.
The script will automatically calculate and display the potential outcomes and live PnL.
Use the visual indicators to monitor the status of your open position and adjust your strategy accordingly.
This tool is designed to be simple, effective, and user-friendly, providing traders with the essential data they need for better risk management and decision-making.