This indicator helps you defining your max sizing, depending on the max $$$ amount you're willing to risk against a specific exponential moving average (or VWAP, default is the 13ema).
You can define your max risk amount and your max allowed sizing. The indicator would suggest the best sizing in order to risk only up to the amount you are comfortable with on a...
This is a simple script to aid with determining position size.
Inputs are the intended entry price, desired risk (expressed as % of account at risk), account value, and leverage factor.
To use the script;
1. Identify and update the entry price (yellow line on the chart)
2. Update with desired risk
3. Update with account size
4. Adjust the leverage value until...
I received a ton of requests for this script so I decided to share it
I did it for a client who didn't want to pay (you can all blame... or even thank him for this script) in the end and I don't want to sell it on my website.
Not because it's not interesting but because my website will be a place to showcase and rent the Algorithm Builders...
This indicator will calculate your position size, short or long, based on the ATR Trailing Stop indicator of mine, and are needed to be used together. General risk management suggests risking just 1 percent of your equity and using low leverage.
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 specify...
type: properties manipulation, no programming needed
time required: 15minutes, at least
level: medium (need to know contracts, trading pairs)
A strategy can "appear" to work or be broken depending on the pile of cash that is working on. This amount is defined in the strat properties, under "order size".
For noobs (like me) this is very confusing at first :)
I've modified the original script by WiscoDish to show candles as green while they are smaller than the median of the past 10 candles. Once they become larger than the median they'll change to gray.
I've also added a horizontal median line so you can see how close the candle is to the median candle size.
This is very useful if you're stalking a trade and waiting...
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...
Ensure you Uncheck #1 , #2, #3 in the STYLE tab or it draws the lines you only need the numbers for.
The first number is the deviation from the EMA , anything below 1.75 == 1. (less than 0.75 % deviation)
NOTE: The fill area turns yellow @ 1.50 and red above 2.75
There are steps built in to slightly lower share size when specific levels of divergence...
Publishing this as a few clients want to try it out
It's basically a proof-of-concept to show that size and text can be manipulated :)
Size and text and label vertical position are udpatable
Will publish an open-source script today or tomorrow hopefully
This is a simple script that shows two averages for box size on Uni Renko system for users to use.
The user should use the green line (Box Size) that is more persistent in the last hour. if there are equal minutes between two numbers, use the upper number.
Now users can easily check the timed candle sticks at the start of the day for three time frames we use in...