OPEN-SOURCE SCRIPT
Weighted Average Calculator - evo
Test version of a weighted average calculator, will make an update later with more functions and a better view.
For now it's mainly useful for getting an average value and see how you can ladder into your position,
if you use the weights as the amount you want to order, you can see the total value and expected loss in the [stop loss] label.
You can use the weights as percentage or any numbers you like, but expected loss won't apply to that for now (before update)
5 values and weights available
If you have ideas to add anything or find mistakes send me a message.
For now it's mainly useful for getting an average value and see how you can ladder into your position,
if you use the weights as the amount you want to order, you can see the total value and expected loss in the [stop loss] label.
You can use the weights as percentage or any numbers you like, but expected loss won't apply to that for now (before update)
5 values and weights available
If you have ideas to add anything or find mistakes send me a message.
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.