Short Description: The Leverage Take-Profit-Lines indicator assists traders in setting take-profit and stop-loss levels based on leverage, entry price, and risk percentage. It draws horizontal lines representing various take-profit levels and the stop-loss level on the chart, aiding traders in visually identifying potential exit points and managing risk. ...
The Historical Correlation tool aims to provide the historical correlation coefficients of up to 10 pairs of user-defined tickers starting from a user-defined point in time. Users can choose to display the historical values as lines or the most recent correlation values as a heat map. 🔶 USAGE This tool provides historical correlation coefficients, the...
The Power Outage indicator serves as the antithesis to the Power Trend, highlighting periods of extreme weakness or downtrends. Drawing inspiration from the Power Trend, the Power Outage framework was conceived by reversing the logic to highlight periods where being in cash or net short could be beneficial. What Initiates a Power Outage? The high is below...
The Index Investing indicator simplifies decision-making for adding to Index ETF's Long-term investments. By utilizing a percentage discount methodology, it highlights potential opportunities to enhance portfolios. This straightforward tool aids in identifying favorable moments to invest based on calculated price discounts from selected reference points, making...
The provided Pine Script is a custom indicator titled "Position Size Calculator" designed to assist traders in calculating the appropriate size of a trading position based on predefined risk parameters. This script is intended to be overlaid on a trading chart, as indicated by `overlay=true`, allowing traders to visualize and adjust their risk and position size...
ABC System The ABC System provides insights into asset performance relative to a benchmark, incorporating metrics such as Alpha, Beta, and Correlation. Functionality: The script calculates Alpha: Indicates an asset's risk-adjusted return compared to a benchmark. Beta: Measures an asset's volatility compared to a benchmark. Correlation: Determines the...
█ 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...
Basic script that represents your position on the chart as a line along with your position size, price, change in price, and P&L.
Build any index/portfolio based on weighted asset allocation. Rebalance happens on each new candle for chart timeframe. Any currency can be used to price the index : price it in your local currency, or in BTC to see alts performance (all added assets should be denominated in the same currency). Inputs: Start Index Behavior Wait For Newest: Index will...
█ Overview The Optimal Buy Day (Zeiierman) indicator identifies optimal buying days based on historical price data, starting from a user-defined year. It simulates investing a fixed initial capital and making regular monthly contributions. The unique aspect of this indicator involves comparing systematic investment on specific days of the month against a...
In finance, the yield curve is a graph which depicts how the yields on debt instruments – such as bonds – vary as a function of their years remaining to maturity. The graph's horizontal or x-axis is a time line of months and years remaining to maturity, with the shortest maturity on the left and progressively longer time periods on the right. The vertical or...
Indicator: Trend Boss 5000 Disclaimer: The Trend Boss 5000 is a technical analysis tool designed for informational purposes only. It is not intended as financial advice, and users should exercise due diligence and seek professional financial advice before making any trading or investment decisions. The Trend Boss 5000 is a sophisticated multi-asset trend...
Rate of Change Machine Author: RWCS_LTD Disclaimer: This script is provided for informational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment...
Introducing the Elder Titan TrendMaster – a battle-tested indicator that harnesses the power of Omega, Sortino, Sharpe, Z-Score, Volume, Sentiment, and Relative Strength, all forged into a single, formidable TPI component. Each element, normalized and ranging from -1 to 1, converges to create the indomitable Elder Titan Score – a beacon in the turbulent seas of...
Beta , also known as the Beta coefficient, is a measure that compares the volatility of an individual underlying or portfolio to the volatility of the entire market, typically represented by a market index like the S&P 500 or an investible product such as the SPY ETF (SPDR S&P 500 ETF Trust). A Beta value provides insight into how an asset's returns are expected...
Portfolio Management is a powerful tool that helps you create and manage your own portfolio of stocks, based on your risk and return preferences. *** Note: You should select the appropriate index for each stock as the benchmark to compare your portfolio’s performance. *** Note: You should apply the indicator to the same chart as the benchmark, so that it can...
OVERVIEW The Kaufman Efficiency Ratio-Based Exposure Management indicator uses the Kaufman Efficiency Ratio (KER) to calculate how much you should risk per trade. If KER is high, then the indicator will tell you to risk more per trade. A high KER value indicates a trending market, so if you are a trend trader, it makes sense to risk more during these...
This script calculates "Global Net Liquidity" using various financial data sources, and integrates Rate of Change (RoC) visualization alongside an Equity Hull Moving Average (HMA) plot. It also features an additional "Global Liquidity" metric that is subsequently scaled and plotted. First, several financial indicators are requested and combined to form the...