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Actualizado CISD Risk Calculator for futures trading
CISD Risk Calculator Indicator Explanation
The CISD Risk Calculator is a specialized trading indicator that helps traders identify key market structure changes and automatically calculate optimal position sizing based on risk parameters. Here's a detailed explanation of what it does:
Core Functionality: CISD Detection
CISD stands for "Change In Structure Direction," which identifies important shifts in market structure:
Market Structure Analysis: The indicator constantly analyzes price action to detect when the market structure changes from bullish to bearish or vice versa.
Bullish CISD: Occurs when price makes a higher high, then retraces, but fails to make a lower low. This suggests a potential bullish continuation.
Bearish CISD: Occurs when price makes a lower low, then bounces, but fails to make a higher high. This suggests a potential bearish continuation.
Risk Calculation Features
The primary purpose of this modified indicator is to calculate trading risk:
Points Risk Calculation: The indicator measures the distance in points (price units) between the current price and the relevant structure level (high or low).
Automatic Contract Value Detection: It automatically detects what instrument you're trading (ES, NQ, MES, MNQ) and applies the correct point value:
NQ: $20 per point
MNQ: $2 per point
ES: $50 per point
MES: $5 per point
Position Sizing Calculation: Using your inputted dollar risk amount (e.g., $250), it calculates exactly how many contracts you should trade to maintain that risk level.
Visual Interface
The indicator has a minimalist design:
Central Display Panel: Shows key information at the top center of your chart:
CISD Type (Bullish or Bearish)
Points Risk (distance to your stop level)
Trade Risk (recommended number of contracts)
Invisible CISD Levels: The actual CISD lines and markers are completely invisible, keeping your chart clean while still performing calculations.
Simple Settings: Only shows essential settings:
Dollar Risk Amount: How much money you want to risk
Label Color and Text Color: For visual customization
Text Size: Adjusts the display size
The CISD Risk Calculator is a specialized trading indicator that helps traders identify key market structure changes and automatically calculate optimal position sizing based on risk parameters. Here's a detailed explanation of what it does:
Core Functionality: CISD Detection
CISD stands for "Change In Structure Direction," which identifies important shifts in market structure:
Market Structure Analysis: The indicator constantly analyzes price action to detect when the market structure changes from bullish to bearish or vice versa.
Bullish CISD: Occurs when price makes a higher high, then retraces, but fails to make a lower low. This suggests a potential bullish continuation.
Bearish CISD: Occurs when price makes a lower low, then bounces, but fails to make a higher high. This suggests a potential bearish continuation.
Risk Calculation Features
The primary purpose of this modified indicator is to calculate trading risk:
Points Risk Calculation: The indicator measures the distance in points (price units) between the current price and the relevant structure level (high or low).
Automatic Contract Value Detection: It automatically detects what instrument you're trading (ES, NQ, MES, MNQ) and applies the correct point value:
NQ: $20 per point
MNQ: $2 per point
ES: $50 per point
MES: $5 per point
Position Sizing Calculation: Using your inputted dollar risk amount (e.g., $250), it calculates exactly how many contracts you should trade to maintain that risk level.
Visual Interface
The indicator has a minimalist design:
Central Display Panel: Shows key information at the top center of your chart:
CISD Type (Bullish or Bearish)
Points Risk (distance to your stop level)
Trade Risk (recommended number of contracts)
Invisible CISD Levels: The actual CISD lines and markers are completely invisible, keeping your chart clean while still performing calculations.
Simple Settings: Only shows essential settings:
Dollar Risk Amount: How much money you want to risk
Label Color and Text Color: For visual customization
Text Size: Adjusts the display size
Notas de prensa
Corrected calculation for micro contractsNotas de prensa
Added CISD display.The calculation is not ideal however it paints a pretty good picture of the invalidation point and the risk to take on a trade
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
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.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
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.