As the profit level increases, the amount of profit taking required to avoid risk asymptotically reaches zero.
This indicator displays the % of the established position required to exit in order to ensure the trade is not a loss if the stop is hit.
Values in green (at or below 100%) indicate a winning position.
Values in red (above 100%) indicate a losing...
This script finds potential safe grids placing limit orders without fear of missing out.
This script computes grids according to power of 1.0025 .
You can reference those price levels for your trading.
Grid trading is a popular trading method.
Traders plan several price levels as grids and repeat buying at lower grids and selling at higher...
This script helps the user visualize profit targets and calculates position size based on the input risk amount.
- Risk amount
- Entry price
- Stop loss amount
- Profit target amount
- Profit loss ratio
- Position size
- Postion cost
- shaded: entry price --> price target (green filled)
This is based on my GMS: Mean Reversion Indicator ()
- % Based Profit Target and Stop Loss
- SMA Trend Filter
- Can choose trade exit based off a moving average or linear regression curve
- Filter for long only trades, short only trades, or both at the same time.
Source code is open, so feel free to take a look!
I hope it helps,