The Trend Risk Indicator is a simple bands indicator made of 2 custom averages of candlesticks ranges calculated within the variable “ BandBars ” period. Upper and lower channel bands width can be adjusted with the “ Deviation ” variable, which act as a simple factor to enlarge the spread between them. When Close crosses over the upper band, it is a bearish...
Drawdown Simulator. Will simulate a series of percent based stop losses being triggered in a row if you risked x% of capital per trade. Also simulates what the capital outcome would be if you were in a leveraged position. Default settings simulate the use of $3000 starting capital balance , 1% Risk per trade and 5 Losing trades in a row with no leverage...
This was inspired by Hedgeye's Risk Ranges product and calculates daily risk ranges for assets. It uses volatility , the volatility of volatility , the skew of volatility and price to calculate a range that can be used for entries either long or short. Message me for a free 7-day trial and pricing
This is a script to help you determine your position sizing. I've attempted to make it as easy to use as possible. Do you have a set 'R' that you risk per trade? Simply check the box for manual R and enter your risk amount. If you do not have a set amount to risk, you can input your portfolio size and your percentage to risk per trade. You'll select long or...
There are plenty of indicators that aim to measure the volatility (degree of variation) in the price of an instrument, the most well known being the average true range and the rolling standard deviation. Volatility indicators form the key components of most bands and trailing stops indicators, but can also be used to normalize oscillators, they are therefore...
This 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...
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
This Risk Analysis Panel is a great tool to assess risk associated during entry and best possible entry price including with your preferred take profit % GUIDELINE ♦♦♦♦♦♦♦♦♦ Volume Ratio: More than 1 is good indicator. The higher the better Risk/Reward Ratio: Less than 1 is good indicator. The lower the better
TRR calculates the volatility of your stock. This is just the magnitude of each days price fluctuations, or what technicians refer to as the True Range. TRR averages the True Range (ATR) over three different time periods. Why three? You want a sensitive indicator that reflect both the long term historical volatility of the equity as well as what that...
Designed specifically for Bitcoin on the daily chart, this indicator calculates risk, based on average divergence and extension. Zone transitions are specific areas of interest, for example, where entering green zone below value .17 a low risk period with very good buying opportunities begins. On the other hand transitions into red zones, for example above .57...
In this Indicator you will find SMA 50, SMA 30 and 40 Cross Over, Bollinger Band filled with Green and Red Colors and Finally Risk calculator to calculate Risk per Trade and Qty per Trade. This tool is Especially useful to Intraday Trading.
Hello Guys here we introducing another important tool, in that you can calculate how much Risk you want to take for that trade and what is the wiggle room for Stop Loss from your Distal line. Not only that now you can get how much qty you have to buy as per risk calculation. Please comment below for any information.......
Hello Guys we created another tool to calculate your Risk / Stop Loss per Trade. This will automatically calculates the DATR and as per your Risk Input it will calculate and show Stop Loss Price and even it will draw a Red coloured Horizontal line for your reference. Before changing stock don't forget to make Zero @ "Distal Line of DZ / SZ". Please post if any...
Sneaky pattern to grab some point on low TF with minimum risk USE ON LOW TF: 1M TO 10M the way to use is described on picture below. The blue are is the order area Once you order is hit (in this case long position) you can locate you stop-loss sticky (in this case I used the blue area = yellow area price spread to set stop-loss)
This panel is an example position size panel that I prepared and I consider the rates reasonable. I have prepared this panel so that the money allocated to the investment ends 14 consecutive signals. The sum of the ratios is 100 units. You can adjust your positions according to this panel. The first steps are low rates. If the phrases are strong, you can...
This idea has been created by the combination of the two existing systems as a result of my efforts to create a distributional buying and selling guide that has plagued my head for a long time. 1st idea is Accumulation / Distribution Line : 2nd idea is Distribution Day : These two ideas, the intellectual assistance of professional brokers, and my observations...
Was playing around and I've had this idea: most of day traders looking for catching price swings and sometimes they forgot about risk, so I was keeping focus not on price swings but on risk-momentum: the idea was to catch daily moments when the risk was minimum and this is the result. There are some rules to use it correctly 1. Use it on lower timeframe (1M to...
This script is only the fact that the fractals are set according to my Dow Factor RSI . Bar color and background change where risk factor is high. You can turn it off or on from the menu. I'm not licensing because "fractal support and resistances" are not my own codes. The rest are my own products. For more information about the Dow Factor RSI: For more...