FakhruddinFazil

Trade Information Box

FakhruddinFazil Actualizado   
This script is a TradingView indicator written in Pine Script. It creates an information box on the chart that provides details related to a trade, including entry plan, stop loss, take profit, and position sizing. Let's break down the components:

1. **Input Parameters:**
- `entryPrice`: The entry price for the trade. This is a manually input value, and the default is set to 100.
- `smaLength`: The length parameter for the Simple Moving Average (SMA) calculation. Default is set to 20.
- `smaMultiplier`: The multiplier used to calculate the stop loss and take profit based on the SMA. Default is set to 1.5.
- `riskPerTradePercent`: The percentage of risk per trade as a decimal. Default is set to 2.
- `capital`: The total capital available for trading. Default is set to 10,000.

2. **Calculations:**
- `smaValue`: Calculates the Simple Moving Average based on the closing prices with the specified length (`smaLength`).

- `stopLoss`: Calculates the stop loss level by subtracting the product of the SMA value and the multiplier (`smaMultiplier`) from the entry price.

- `takeProfit`: Calculates the take profit level by adding the product of the SMA value and the multiplier (`smaMultiplier`) to the entry price.

- `riskPerTrade`: Calculates the actual risk amount per trade based on the specified percentage of capital.

- `maxQuantity`: Calculates the maximum quantity of shares or contracts that can be bought based on the specified risk percentage and the difference between entry price and stop loss.

- `buyValue`: Calculates the total value of the position based on the maximum quantity and entry price.

3. **Info Box:**
- `labelBox`: Defines a label box on the chart.
- `label.set_xy(labelBox, bar_index, high)`: Sets the position of the label box to the high of the current bar.
- `label.set_text(...)`: Defines the text content of the label box, providing details on the trading plan, entry, stop loss, take profit, capital, risk per trade, maximum quantity, and buy value.

Overall, this indicator is designed to provide traders with key information related to their trade plan, risk management, and position sizing directly on the chart. The displayed values are formatted with three decimal places for clarity.
Notas de prensa:
Add ATR value in information box
Notas de prensa:
Add LIMIT ENTRY value in information box
Notas de prensa:
update ':' in info box
Notas de prensa:
update box colour
Notas de prensa:
How to Use:

1. Insert this script into TradingView's Pine Editor.
2. Set the input parameters according to your trading plan.
3. The indicator will display an information box on the chart with details about your trade plan, position sizing, and ATR.
4. Use the displayed information to make informed trading decisions.

Note: Always use proper risk management and thoroughly understand the parameters before using any trading script. This script is a tool to assist in planning trades and is not a guarantee of profitable outcomes.
Notas de prensa:
change name to Trading Plan & Position Sizing
Notas de prensa:
change name to: TradingPlan&Position Sizing

Script protegido
Este script se publica con código cerrado, pero puede utilizarlo libremente. Márquelo como favorito y podrá usarlo en un gráfico. El código fuente no se puede ver ni modificar.
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.

¿Quiere utilizar este script en un gráfico?