Risk Reward CalculatorPlanning your trading is an important step that you must do before buying the stock.
Risk and Reward Calculator is an important tool for the trader.
With this calculator, you only need to put the capital for one trade and it will automaticaly put the plan for you. But if you want to enter your plan for buy and sell, you just need to check the button and enter the number. the risk and reward calculator will suggest position size based on the information.
The Steps to use Risk Reward Calculator
1. enter how many percentage you can accept if your analysis is wrong.
2. enter how much money you want to trade
3. it will automaticaly calculate the plan for you
4. you can change the reward
5. but if you want to enter your own number, you can check the box. After that enter the number you want for your new plan.
Reward
Futures Risk CalculatorFutures Risk Calculator Script - Description
The Futures Risk Calculator (FRC) is a comprehensive tool designed to help traders effectively manage risk when trading futures contracts. This script allows users to calculate risk/reward ratios directly on the chart by specifying their entry price and stop loss. It's an ideal tool for futures traders who want to quantify their potential losses and gains with precision, based on their trading account size and the number of contracts they trade.
What the Script Does:
1. Risk and Reward Calculation:
The script calculates your total risk in dollars and as a percentage of your account size based on the entry and stop-loss prices you input.
It also calculates two key levels where potential reward (Take Profit 1 and Take Profit 2) can be expected, helping you assess the reward-to-risk ratio for any trade.
2. Customizable Settings:
You can specify the size of your trading account (available $ for Futures trading) and the number of futures contracts you're trading. This allows for tailored risk management that reflects your exact trading conditions.
3. Live Chart Integration:
You add the script to your chart after opening a futures chart in TradingView. Simply click on the chart to set your Entry Price and Stop Loss. The script will instantly calculate and display the risk and reward levels based on the points you set.
Adjusting the entry and stop-loss points later is just as easy: drag and drop the levels directly on the chart, and the risk and reward calculations update automatically.
4. Futures Contract Support:
The script is pre-configured with a list of popular futures symbols (like ES, NQ, CL, GC, and more). If your preferred futures contract isn’t in the list, you can easily add it by modifying the script.
The script uses each symbol’s point value to ensure precise risk calculations, providing you with an accurate dollar risk and potential reward based on the specific contract you're trading.
How to Use the Script:
1. Apply the Script to a Futures Chart:
Open a futures contract chart in TradingView.
Add the Futures Risk Calculator (FRC) script as an indicator.
2. Set Entry and Stop Loss:
Upon applying the script, it will prompt you to select your entry price by clicking the chart where you plan to enter the market.
Next, click on the chart to set your stop-loss level.
The script will then calculate your total risk in dollars and as a percentage of your account size.
3. View Risk, Reward, and (Take Profit):
You can immediately see visual lines representing your entry, stop loss, and the calculated reward-to-risk ratio levels (Take Profit 1 and Take Profit 2).
If you want to adjust the entry or stop loss after plotting them, simply move the points on
the chart, and the script will recalculate everything for you.
4. Configure Account and Contracts:
In the script settings, you can enter your account size and adjust the number of contracts you are trading. These inputs allow the script to calculate risk in monetary terms and as a percentage, making it easier to manage your risk effectively.
5. Understand the Information in the Table:
Once you apply the script, a table will appear in the top-right corner of your chart, providing you with key information about your futures contract and the trade setup. Here's what each field represents:
Account Size: Displays your total account value, which you can set in the script's settings.
Future: Shows the selected futures symbol, along with key details such as its tick size and point value. This gives you a clear understanding of how much one point or tick is worth in dollar terms.
Entry Price: The exact price at which you plan to enter the trade, displayed in green.
Stop Loss Price: The price level where you plan to exit the trade if the market moves against you, shown in red.
Contracts: The number of futures contracts you are trading, which you can adjust in the settings.
Risk: Highlighted in orange, this field shows your total risk in dollars, as well as the percentage risk based on your account size. This is a crucial value to help you stay within your risk tolerance and manage your trades effectively.
Market Structure Based Stop LossMarket Structure Based Dynamic Stop Loss
Introduction
The Market Structure Based Stop Loss indicator is a strategic tool for traders designed to be useful in both rigorous backtesting and live testing, by providing an objective, “guess-free” stop loss level. This indicator dynamically plots suggested stop loss levels based on market structure, and the concepts of “interim lows/highs.”
It provides a robust framework for managing risk in both long and short positions. By leveraging historical price movements and real time market dynamics, this indicator helps traders identify quantitatively consistent risk levels while optimizing trade returns.
Legend
This indicator utilizes various inputs to customize its functionality, including "Stop Loss Sensitivity" and "Wick Depth," which dictate how closely the stop loss levels hug the price's highs and lows. The stop loss levels are plotted as lines on the trading chart, providing clear visual cues for position management. As seen in the chart below, this indicator dynamically plots stop loss levels for both long and short positions at every point in time.
A “Stop Loss Table” is also included, in order to enhance precision trading and increase backtesting accuracy. It is customizable in both size and positioning.
Case Study
Methodology
The methodology behind this indicator focuses on the precision placement of stop losses using market structure as a guide. It calculates stop losses by identifying the "lowest close" and the corresponding "lowest low" for long setups, and inversely for short setups. By adjusting the sensitivity settings, traders can tweak the indicator's responsiveness to price changes, ensuring that the stop losses are set with a balance between tight risk control and enough room to avoid premature exits due to market noise. The indicator's ability to adapt to different trading styles and time frames makes it an essential tool for traders aiming for efficiency and effectiveness in their risk management strategies.
An important point to make is the fact that the stop loss levels are always placed within the wicks. This is important to avoid what can be described as a “floating stop loss”. A stop loss placed outside of a wick is susceptible to an outsized degree of slippage. This is because traders always cluster their stop losses at high/low wicks, and a stop loss placed outside of this level will inevitably be caught in a low liquidity cascade or “wash-out.” When price approaches a cluster of stop losses, it is highly probable that you will be stopped out anyway, so it is prudent to attempt to be the trader who gets stopped out first in order to avoid high slippage, and losses above what you originally intended.
// For long positions: stop-loss is slightly inside the lowest wick
float dynamic_SL_Long = lowestClose - (lowestClose - lowestLow) * (1 - WickDepth)
// For short positions: stop-loss is slightly inside the highest wick
float dynamic_SL_Short = highestClose + (highestHigh - highestClose) * (1 - WickDepth)
The percentage depth of the wick in which the stop loss is placed is customisable with the “Wick Depth” variable, in order to customize stop loss strategies around the liquidity of the market a trader is executing their orders in.
Partial Profit Calculator [TFO]This indicator was built to help calculate the outcome of trades that utilize multiple profit targets and/or multiple entries.
In its simplest form, we can have a single entry and a single profit target. As shown below in this long trade example, the indicator will draw risk and reward boxes (red and green, respectively) with several annotations. On the left-hand side, all entries will be displayed (in this case there is only one entry, "E1"). On the bottom, the "SL" label indicates the trade's stop loss placement. On the top, all target prices are displayed (in this case there is only one target, "TP1"). Lastly, on the right-hand side a label will display the total R that is to be expected from a winning trade, where R is one's unit of risk.
In the following example, we have two target prices - one at 18600 and one at 18700. You can input as many target prices as you'd like, separated by commas, i.e. "18600,18700" in this example. Make sure the values are separated by commas only, and not spaces, new lines, etc. As a result, we can see that the indicator draws where our profit targets would be with respect to our entry, E1. The indicator assumes that equal parts of the trade position are taken off at each target price. In this example on Nasdaq futures (NQ1!), since we have 2 target prices, this would be equivalent to assuming that we take exactly half the trade position off at TP1, and the remaining half of the position at TP2.
If we wanted to take more of the position off at a certain target, we could simply duplicate the target price. Here I set the target prices to "18600,18600,18700" to enforce that two thirds of the position be taken off at TP1 and TP2, while the remaining third gets taken off at TP3.
We can also show outcome annotations to describe how much R is generated from each possible trade outcome. Using the below chart as an example, the stop loss indicates a -1R loss. The total R from this trade criteria is 1.33 R, and each target price shows how much R is being generated if one were to take off an equal part of the position at said target prices. In this case, we would generate 0.17 R from taking one third of the position off at TP1, another 0.5 R from taking one third of the position off at TP2, and another 0.67 R from taking the remaining one third of the position off at TP3, all adding up to the total R indicated on the right-hand side label.
Using multiple entries works the same way as using multiple target prices, where the input should indicate each entry price separated by commas. In this example I've used "18550,18450" to achieve an average price of 18500, as indicated by the "E_avg" label that appears when more than one entry price is utilized. We can also opt to display risk as dollars instead of R values, where you can input your desired risk per trade, and all values are shown as dollar amounts instead of R multiples, as shown below with a risk per trade of $100.
This is meant to be an educational tool for trades that utilize multiple profit targets and/or entries. Hope you like it!
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.
Risk Reward Optimiser [ChartPrime]█ CONCEPTS
In modern day strategy optimization there are few options when it comes to optimizing a risk reward ratio. Users frequently need to experiment and go through countless permutations in order to tweak, adjust and find optimal in their data.
Therefore we have created the Risk Reward Optimizer.
The Risk Reward Optimizer is a technical tool designed to provide traders with comprehensive insights into their trading strategies.
It offers a range of features and functionalities aimed at enhancing traders' decision-making process.
With a focus on comprehensive data, it is there to help traders quickly and efficiently locate Risk Reward optimums for inbuilt of custom strategies.
█ Internal and external Signals:
The script can optimize risk to reward ratio for any type of signals
You can utilize the following :
🔸Internal signals ➞ We have included a number of common indicators into the optimizer such as:
▫️ Aroon
▫️ AO (Awesome Oscillator)
▫️ RSI (Relative Strength Index)
▫️ MACD (Moving Average Convergence Divergence)
▫️ SuperTrend
▫️ Stochastic RSI
▫️ Stochastic
▫️ Moving averages
All these indicators have 3 conditions to generate signals :
Crossover
High Than
Less Than
🔸External signal
▫️ by incorporating your own indicators into the analysis. This flexibility enables you to tailor your strategy to your preferences.
◽️ How to link your signal with the optimizer:
In order to be able to analysis your signal we need to read it and to do so we would need to PLOT your signal with a defined value
plot( YOUR LONG Condition ? 100 : 0 , display = display.data_window)
█ Customizable Risk to Reward Ratios:
This tool allows you to test seven different customizable risk to reward ratios , helping you determine the most suitable risk-reward balance for your trading strategy. This data-driven approach takes the guesswork out of setting stop-loss and take-profit levels.
█ Comprehensive Data Analysis:
The tool provides a table displaying key metrics, including:
Total trades
Wins
Losses
Profit factor
Win rate
Profit and loss (PNL)
This data is essential for refining your trading strategy.
🔸 It includes a tooltip for each risk to reward ratio which gives data for the:
Most Profitable Trade USD value
Most Profitable Trade % value
Most Profitable Trade Bar Index
Most Profitable Trade Time (When it occurred)
Position and size is adjustable
█ Visual insights with histograms:
Visualize your trading performance with histograms displaying each risk to reward ratio trade space, showing total trades, wins, losses, and the ratio of profitable trades.
This visual representation helps you understand the strengths and weaknesses of your strategy.
It offers tooltips for each RR ratio with the average win and loss percentages for further analysis.
█ Dynamic Highlighting:
A drop-down menu allows you to highlight the maximum values of critical metrics such as:
Profit factor
Win rate
PNL
for quick identification of successful setups.
█ Stop Loss Flexibility:
You can adjust stop-loss levels using three different calculation methods:
ATR
Pivot
VWAP
This allows you to align risk-reward ratios with your preferred risk tolerance.
█ Chart Integration:
Visualize your trades directly on your price chart, with each trade displayed in a distinct color for easy tracking.
When your take-profit (TP) level is reached , the tool labels the corresponding risk-reward ratio for that specific TP, simplifying trade management.
█ Detailed Tooltips:
Tooltips provide deeper insights into your trading performance. They include information about the most profitable trade, such as the time it occurred, the bar index, and the percentage gain. Histogram tooltips also offer average win and loss percentages for further analysis.
█ Settings:
█ Code:
In summary, the Risk Reward Optimizer is a data-driven tool that offers traders the ability to optimize their risk-reward ratios, refine their strategies, and gain a deeper understanding of their trading performance. Whether you're a day trader, swing trader, or investor, this tool can help you make informed decisions and improve your trading outcomes.
Pinescript Risk Reward boxes + Custom 'Time Elapsed' MarkersUsing Pinescript to create custom Risk Reward Ratio (RRR) boxes with custom vertical time markers to help traders stay mindful of how long they've been in a trade.
//Usage:
-Add indicator to chart and you'll be prompted to click three times:
-- 1: Choose time (clicking last bar will mark entry as current candle's open).
-- 2: Click BOX TOP of RRR box on chart (long or short is toggled later).
-- 3: Click BOX BOTTOM of RRR box on chart (long or short is toggled later).
- then toggle Long or short in the dialog box.
-toggle on/off vertical time line markers (as reminder of how long you've been sat in your trade).
-User input choice of time line marker spacings (in minutes).
//Notes:
-Percentage reward and percentage risk are displayed in each of the risk reward boxes. Risk-Reward ratio is also displayed in the upper box.
-Bars to extend the RRR box to the right is also a custom user input.
-Note the 'entry' of the trade will always be the open of the candle you click on (the first click on loading the indicator).
-You can drag the vertical entry time and the horizontal box-top and box-bottom times dynamically, as you like, as trade progresses.
//Use-Case:
-I wanted a RRR box which gave me custom vertical time markers to keep me mindful of overstaying my welcome in a trade that likely was running out of steam and wasn't likely to go my way. Forcing me to stay nimble. I have found in daytrading that if a trade doesn't go your way promptly, it's often not a good one to hold.
Risk Reward Calculator [lovealgotrading]
OVERVIEW:
This Risk Reward Calculator strategy can help you maximize your RR value with help of algorithmic trading.
INDICATOR:
I wanted to setup my trades more easier with this indicator, I didn't want to calculate everytime before orders, with help this indicator we can calculate R:R value, avarage price, stoploss price, take-profit price, order prices, all position cost and more ...
Our strategy is a risk revard calculation indicator that is made easy to use by using visualized lines and panels, and also has algorithmic trading support.
With the help of this indicator, we can quickly and easily calculate our risk reward values and enter the positions.
If we want to ensure that our balance grows regularly while trading in the stock market, we need to manage the risks and rewards otherwise we may fall below our initial balance at the end of the day, even if we seem to be winning.
What is the Risk-Reward value ?
This value is a value that shows how many times the amount of risk we take when entering the position is successful, we will earn.
- For example, you risked $100 while entering the trade, so if your trade stops, you will lose 100 $.
Your Risk-Reward(RR) value is 2 means that if your position is successful, you will have 200 $ in your pocket.
A trader's success is determined by the amount of R he earns monthly or yearly, not how much money he makes.
What is different in this indicator ?
I want to say thank you to © EvoCrypto. His Calculator (weighted) – evo indicator helped me when I was developed my indicator.
I want to explain what I have improved:
1-In this strategy, we can determine the time period in which we want to open our positions.
2-We can open a maximum of 4 positions in the same direction and close our positions at a single level. StopLoss or TakeProfit
3-This indicator, which works in the form of a strategy, shows where our positions have been opened or closed. With the help of this, it helps us to determine our strategy in our future positions more accurately.
4-The most important improvement is that we do not miss our positions with the help of alarms (WEB HOOK). if we want, we receive by quickly connecting all these positions to our robot, the software can enter and exit the position while we are busy.
IMPLEMENTATION DETAILS – SETTINGS:
1 - We can set the start and end dates of the positions we will take.
2- We can set our take profit, stoploss levels.
3- If your trade is stopped, we can determine the amount of the trade that we will lose.
4- We can adjust our entry levels to positions and our position sizes at entry levels.
(Sum of positions weight must be 100%)
5- We can receive our positions even if we are busy with the help of algorithmic trading. For this, we must paste our Jshon codes into the fields specified in the settings panel.
6- Finally, we can change the settings we want and don't want to have in our visual elements.
Let's make a LONG side example together
We have determined our positions to enter stoploss, take profit and long positions. We did not forget to set the start time of our strategy
Our strategy appear on the graph as follows.
Our strategy has calculated the total position size, our R-R value, the distance of the current price to the stop and take profit levels, in short, a lot of things we could look visually.
Notes:
If you're going to connect this bot to an automatic Long or Short direction,
Don’t forget! you need to Webhook URL,
Don’t miss paste this code to your message window {{strategy.order.alert_message}}
ALSO:
If you have any ideas what to add to my work to add more sources or make calculations cooler, feel free to write me.
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.
[TTI] Position Sizing Calculatorb]HISTORY AND CREDITS –––––––––––––––––––––––––––––––––––––––––––––––––––––––
"Perhaps the greatest secret to top trading and investing success is appropriate money management or what we now call POSITION SIZING" - Dr. Van Tharp, Definite Guide to Position Sizing (Market Wizard Book #1)
For those of you who have studied position sizing you know the power it can have to the bottom line of your portfolio.
WHAT IT DOES ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
The indicator allows you to quickly determine your position size after you decide to open a trading or investing position. Additionally, it gives you targets in terms of R-multiples (R) that tell you at what price level you achieve 2R or 200% return to a given risk.
The indicator also has the option to print these levels on chart for you.
You can use the calculator for the loaded ticker or other ticker that you wish.
1️⃣ Percent Calculator
👉 Choose position size (%) of total trading portfolio. General guideline here is 25% to be maximum (as per Mark Minervini criteria)
👉 Choose stop loss (%) of total position. This means that if you have 100k portfolio and your position size is 25% (25k), how much of that 25k are you willing to lose in order to asses you are wrong.
OR
2️⃣ Dollar Value Calculator
👉 Choose Stop Price ($) - general guidance is to use technical stop price.
👉 Choose Amount to risk ($) - this is the absolute amount of money you are willing to risk on a position
Both 1️⃣ & 2️⃣ calculate the targets and the target prices in order to determine where to take profits
Additionally, you get instant information for:
👉 How many shares you ought to buy
👉 What is the total size of the position to open
👉 What is your stop amount (either in $ terms or in $ of portfolio)
👉 What is the Risk to Total Equity with the current parameters.
HOW TO USE IT –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
✅ STEP 1
Choose ticker and input the price at which you open a position
✅ STEP 2
Choose 1️⃣ Percent Calculator OR 2️⃣ Dollar Value Calculator
Depending on the parameters you use to open a position
✅ STEP 3
Review the table and the Additional data section to see how much Shares you ought to buy and what is the Risk To Total Equity
✅ STEP 4
Put Alerts for Stop Loss and Take Profits
Take Profit ScreenerI'm going to introduce you to the Take Profit Screener tool.
It allows you to manually scan your watchlist to determine at a glance the assets that have the best profitability potential.
It is a 2 in 1 tool that allows you to :
identify where your Take Profit ratios are located whether you are in SHAD or Cycle Strategy
identify the potential reward percentages when approaching the key Fibonacci levels
Before you start using it, you need to:
sort your watchlist according to the price (Last) in order to have price ranges more or less close to each other when jumping from a symbol to another
disable the Auto Scale and Magnet feature
select your first symbol
display the tool (the indicator more exactly)
The settings dialog box is organised in 3 sections:
Strategy : By setting this section, you will answer the question " Where do my Take Profit ratios stand in relation to my entry price, and according to Risk Management Strategy adopted (SHAD or Cycle)? "
Fibonacci : By setting this section, you will answer the question " What percentage gain can I expect as I approach one of the key Fibonacci levels? "
Layout : This is the settings for the look and feel
Strategy Section
Active : This part of the indicator won't display on your chart if unchecked
Type : Choose between SHAD or Cycle Strategy. When choosing SHAD, you can select 2, 4, 8 or 16 SHAD Levels. When choosing Cycle, you can enter whatever ratio value you wish in the Strategy Ratio (Cycle only) input.
SHAD xNN : When choosing SHAD Strategy, you should select at least one level and more if need be.
Strategy Ratio (Cycle only) : When choosing Strategy Type Cycle, you can enter whatever ratio value you wish there.
Freeze Entry Price & Value : Leave it unchecked whenever the current price of the asset is located within your desired area (i.e. Reload Zone) while attempting to estimate its potential reward. Conversely, keep it checked whenever the current price of the asset is outside your desired area, but you need to anticipate the potential reward of this asset if its price reaches a certain level, your Entry price. Enter this price there and check the box.
Show price : If checked, both Take Profit ratio and Price are displayed. If unchecked, then price is hidden.
Extend Line : If checked, then lines showing Take Profit levels extend to the left.
Label Offset : If checked, then the label that displays Take Profit ratio and price shift to the right by a value that ranges from 0 to 100 candles.
Label Style : You can choose between Right or Top. This will determine the orientation of the label.
Fibonacci Section
Active : This part of the indicator won't display on your chart if unchecked
Type : Choose between SHAD or Cycle Strategy. When choosing SHAD, you can select 2, 4, 8 or 16 SHAD Levels. When choosing Cycle, you can enter whatever ratio value you wish in the Strategy Ratio (Cycle only) input.
SHAD xNN : When choosing SHAD Strategy, you should select at least one level and more if need be.
Strategy Ratio (Cycle only) : When choosing Strategy Type Cycle, you can enter whatever ratio value you wish there.
Freeze Entry Price : Leave it unchecked whenever the current price of the asset is located within your desired area (i.e. Reload Zone) while attempting to estimate its potential reward. Conversely, keep it checked whenever the current price of the asset is outside your desired area, but you need to anticipate the potential reward of this asset if its price reaches a certain level, your Entry price. Enter this price there and check the box.
Color : You can define the color of Fibonacci line levels
R-Calculator
Visualise your possible 1R to 6R prices, based on your Risk($), entry and stoploss price, and see the distance until the goal is fulfilled.
It also provides you with a suggested amount of stocks to buy, so if you lose, it will match -1R.
Risk/Reward CalculatorJust a simple risk reward calculator to help indicate the R:R levels of your risk on a trade. The drawing tool doesn't have multiple R capabilities.
Position Size CalculatorThis is a script to make calculating position size easier. It calculates position size as a percentage of account balance and Risk/Reward based on input values of entry, exit, stoploss and shows the R/R box similar to tradingview's R/R tool. There is an option to toggle showing label and choosing of label text color.
Have to enter the following inputs in order for it to work properly
1. Account Balance : Account balance in either whatever is base currency of account
2. Risk % : Percentage of account balance to lose if stop is hit.
3. Entry
4. Stoploss
5. Target Price
Notes:
- Target Price is required for calculating R/R but is not necessary to calculate position size.
- Formula to calculate position size is : Balance * Risk % / SL %
- Formula to calculate R/R is : TP % / SL %
- SL % = ( Entry - SL ) / Entry * 100
- TP % = (TP - Entry ) / Entry * 100
Thanks to u/Chonky_ for help with feedback.
Systematic Momentum strategy v 1.0Systematic Momentum strategy v 1.0
This is a long-only strategy optimized taking into consideration the underlying's momentum and volatily.
Long story short it opens positions when the momentum is highest and the risk is lowest and closes the same position when the risk-to-reward is no longer optimal.
How to use:
-> To be used on an Index or a tracker ETF
-> Position sizing should be set up to 100% of the portfolio
TARI FX USOILHi guys,
this is my new strategy for USOIL WTI!
It works in Daily chart, so you need just a few seconds per day to work with it, very short time to get nice profit!
Stop Loss is set in 500 pips, Take Profit in 600 pips, but for OANDA TP 6.000 and SL 5.000.
The backtest started 36 years ago, so the equity is very solid!
I used 1.000$ as initial capital, and 30 contracts per trade, getting 18% of income per year, and a Max DD of 30% only.
Ask for a free trial, and check by yourself what income whould have been generated investin 100% of the equity!!
Enjoy your wallet!
Tari.
TARI FX USOILHi guys,
this is a brand new strategy for USOIL, WTI.
It works on daily chart, so basically you can watch it just a few seconds per day. Not much time, but consistent profit.
Stop Loss is set on 500 pips, Take Profit on 600 pips, for USOIL on TVC, if you prefer OANDA set 5.000 and 6.000 pips each.
This strategy has been backtested since 1983, almost 36 years, and had nice results, 18% return per year and Max DD 30% with initial capital 1.000$ and 30 contracts size per trade.
Ask for a free trial to enjoy! And look yourself how much whould have been the profit using 100% of the equity!
Enjoy your wallet!
Tari.
BEST Risk to Reward UtilityHello Traders
This is a proof of concept and a cool pinescript utility
It displays a risk to reward division as a fractional value.
For example
Risk: 300
Reward: 600
This will be displayed as 1/2 as we can earn 2 units for a potential loss of 1 unit
(600/300 = 2) for those wondering the NASA level mathematics behind :)
Best regards
Dave
Quansium Allocation RatioThis tool finds the most optimal allocation size for each trading setup. It has 3 modes.
Basic (it meets the minimum profitability requirements):
% Profitable: the probability of winning and is calculated by dividing the number of winning trades by the total number of trades.
Profit Ratio: a measure of the ability to generate profit instead of loss and is calculated by taking the average profit from all winning trades divided by the average losses on all losing trades.
Medium (it takes into account the maximum loss to stabilize the overall risk among the partitions):
Max Drawdown: the "worst-case scenario" for a trading period. It measures the greatest distance, or loss, from a previous equity peak.
Advanced (loss is not the only risk taken, the reward to risk ratio must also be accounted for):
Monthly Profit: the amount of average return a system provides on a monthly basis.
Monthly Loss: the highest loss given during the period of a month. It can be substituted by the Max Drawdown.
Notes :
The "check boxes" inputs are there as cosmetic separators.
"Basic" mode comes with preset values. To activate other modes, you must use a value higher than "0".
This shows the amount of percentage you should allocate for the setup you inserted the metrics for.
It is recommended to get values for each mode and find out on past data which works best for you.
ATR based Stop and Take-Profit levels in realtime Little tool to quickly identify stops and take-profit levels based on Average True Range. User can change ATR multipiers, as well as the ATR length used. Green and red lines show these levels; plot is visible over last 8 bars only to reduce clutter. Label showing the current ATR, up above the last bar
Bitcoin Circulating Supply Overlay [BigBitsIO]This script shows the estimated circulating supply of Bitcoin on any given day.
Features:
- Estimated Bitcoin circulating supply calculated daily
- Uses the Bitcoin reward schedule, past halving dates, and the next upcoming halving estimated date to calculate the current estimated supply.
- Optionally includes an option to use "Log Reduction" on the chart
*** DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB. ***
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
