This script is more like a tool than an indicator. The script determinates the amount of contracts and the leverage needed to do one trade.
You must specify the following parameters:
Entry price
Stop Loss price
Stop Loss risk. It's the capital that you will loss if the price hit the SL price.
Operation equity. It's the whole capital involved in the operation.
No matter what side of operation is, it works in both ways (short and long). To determine the levels could be useful use the short-long position tool of TradingView.
Hey! I would like to use the indicator but I get Study_not_auth. I have Pro+. Any tips to fix it?
ExpensiveJok
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@JPPCrypto, I never heard that problem before so idk what is the problem. When do you receive this error? when you add it to the chart or when you are trying to use it?
Per0_
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@ExpensiveJok, Thank you for the quick response. It's appreciated. I have a red exclamation mark to the right of the indication "Study Error" "Study_not_auth!" There is a chance the error is coming from the user. I'm still new to Trading View. Thank you!
ExpensiveJok
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@JPPCrypto, hmmm that is weird. Can you tell me what is the active ticker? I just add the script again to BTC for example and still works.