PINE LIBRARY
Updated capital_management
Library "capital_management"
TODO: add library description here
Volume_calculation(precent_risk, order_entry_price, stop_loss_price)
TODO: Volume calculation function by placing orders with fiven % risk
Parameters:
precent_risk (float)
order_entry_price (float)
stop_loss_price (float)
Returns: stop_loss_price: Price that place stop loss order
TODO: add library description here
Volume_calculation(precent_risk, order_entry_price, stop_loss_price)
TODO: Volume calculation function by placing orders with fiven % risk
Parameters:
precent_risk (float)
order_entry_price (float)
stop_loss_price (float)
Returns: stop_loss_price: Price that place stop loss order
Release Notes
v2Added:
order_volume(percent_risk, order_entry_price, stop_loss_price)
: Function to calculate order volume according to given risk percent
Parameters:
percent_risk (float)
order_entry_price (float)
stop_loss_price (float)
Returns: stop_loss_price: Price that place stop loss order
calculate_takeprofit_price(entry_price, stop_loss_price, risk_reward)
: Function to calculate take profit price according to given risk:rewark ratio
Parameters:
entry_price (float)
stop_loss_price (float)
risk_reward (float)
Returns: Return take profit value according to given risk:reward ratio
Removed:
Volume_calculation(precent_risk, order_entry_price, stop_loss_price)
TODO: Volume calculation function by placing orders with fiven % risk
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by 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.
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by 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.