finarchist| Risk Management/Multi-Tiered Position Terminal

finarchist | Risk Management/Multi-Tiered Terminal

This script, titled "finarchist | Risk Management/Multi-Tiered Terminal," is a professional-grade trading dashboard designed to transform how you manage complex trade entries. Unlike standard calculators, this terminal acts as a "mission control" for multi-tier positions, allowing you to scale into trades while maintaining absolute control over your risk.

Here is an overview of its strengths, advantages, and core capabilities:

Core Strengths:
* Institutional-Grade Risk Control: It moves you away from "guessing" position sizes. By inputting your desired dollar ($) risk, the script mathematically calculates the exact units you need to trade based on your stop-loss distance.
* Multi-Tier Architecture: It supports up to 10 independent tiers. This is perfect for traders who use "laddered" entries (scaling in) rather than entering with a single "all-in" position.
* Dynamic Visual Intelligence: The script projects your weighted average entry, stop loss, and target levels directly onto the price chart, giving you a clear visual map of your trade's "health."

Key Capabilities:
1. Unified Position Dashboard
The terminal creates a high-fidelity table on your chart that displays:
* Real-Time Unrealized P/L: See exactly how much you are up or down across all tiers combined.
* Weighted Break-Even: It calculates your "Average Cost" automatically, accounting for different sizes in different tiers.
* Net Bias Tracker: It tells you if your overall exposure is Bullish or Bearish and shows the total units held.
2. Intelligent Target Engine
You can set your profit targets in two ways:
* Price Level: See your potential profit if the asset hits a specific price.
* Profit Amount ($): Input a dollar goal (e.g., $500), and the script will draw a line on the chart showing exactly where the price needs to go to reach that profit.
3. "Sentinel" Alert System
The script includes a built-in alarm that triggers the moment your global strategic target is met, ensuring you never miss a take-profit opportunity even if you aren't watching the screen.

Major Advantages for the User:
* Eliminates Emotional Math: Under pressure, traders often miscalculate risk. This terminal automates the math so you can focus on execution.
* Complex Scenario Planning: You can "pre-visualize" a trade by entering tiers before they are filled to see what your total risk and reward-to-risk (RR) ratio would look like.
* Symmetry Across Assets: Whether you are trading Crypto, Forex, or Stocks, the script uses a point_multiplier engine to ensure position sizing is accurate regardless of the asset's decimal precision.
* Clean UI/UX: The dashboard is fully customizable—you can change its size, position, and colors to fit your workspace without cluttering your price action analysis.

Summary Table:
Feature User Benefit
Automatic Sizing Ensures you never lose more than your "Max Risk" per trade.
Average Cost Line Shows you exactly where your "Line in the Sand" is for the whole trade.
RR Projection Tells you if a trade is mathematically worth taking before you enter.
Global Currency Support Works with any currency symbol ($, €, ₺, etc.) for personalized tracking.