Position and Profit/Loss

21 мая 2023 г.

Helps users track their position and profit/loss in real-time.

Instructions:

• Open the indicator settings
  
• Input your Quantity, Buy Price, Fee, and Target Price
  

This indicator is designed to provide users with simple real-time tracking of their positions and profit/loss within a trading session. It offers clear and concise information that enables users to understand their current position's profitability, making it easier for them to manage their trades effectively.

Input parameters

qty: Quantity of the position (default value: 100.0). The target label is represented by a green cross
buy_price: Buy price of the position (default value: 1.0).
fee: Fee percentage for the transaction (default value: 0.0016). note that this is not a percentage, but rather a decimal. So 0.0016 is 0.16%
target: Target price for the position (default value: 1.0). This is an extra label to show you where your target is on the chart. The target label is represented by a green cross

In addition to the main profit/loss label, the script also displays two auxiliary labels. The "BuyPrice" label presents the buy price of the position as a red cross symbol on the chart, allowing users to easily identify their entry point. The "targetSell" label displays the target sell price as green cross symbol, indicating the desired exit point for the position. These visual markers help users visualize their trading strategy.

The script takes into account that users may only need this information displayed on the last bar, as continuous updates might not be necessary. By checking if the current bar is the last one, the script ensures that the labels are only displayed when relevant.

Limitations

* The script assumes that trading is done using the same quantity; which is not always the case. This will change with subsequent updates.