OPEN-SOURCE SCRIPT
Risk Calculation Table - Amount Based
Hello, this is my first script, and I believe that understanding the Risk and Reward is also the first essential step to become a successful trader.
Well maybe there are a lot of script like this but I think no one was suitable for me, so I learnt how to make one.
I think I need to explain some aspects about this script:
Input Section :
1. Entry = Entry Price.
2. SL = Stop Loss Price.
3. TP = Take Profit Price.
4. Amount = How much dollars you trade on this trade.
4. Ticker's Decimal = The number behind the decimal, to adjust this just type how much 0 you want behind the decimal.
Output Section :
1. You can adjust the lines plotted on the chart to automatically enter your entry, stop loss, and take profit price.
2. The table's appearance can be repositioned and resized.
3. The terms in the table, I think it's clear enough for everyone to understand.
If there are any critics or suggestions, I will appreciate it so much.
Greetings from Indonesia :)
Well maybe there are a lot of script like this but I think no one was suitable for me, so I learnt how to make one.
I think I need to explain some aspects about this script:
Input Section :
1. Entry = Entry Price.
2. SL = Stop Loss Price.
3. TP = Take Profit Price.
4. Amount = How much dollars you trade on this trade.
4. Ticker's Decimal = The number behind the decimal, to adjust this just type how much 0 you want behind the decimal.
Output Section :
1. You can adjust the lines plotted on the chart to automatically enter your entry, stop loss, and take profit price.
2. The table's appearance can be repositioned and resized.
3. The terms in the table, I think it's clear enough for everyone to understand.
If there are any critics or suggestions, I will appreciate it so much.
Greetings from Indonesia :)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.