The "Custom Price Levels and Averages" indicator is a versatile tool designed for TradingView. It dynamically calculates and displays key price levels based on user-defined parameters such as distance percentages and position size. The indicator plots three ascending and descending price levels (A, B, C, X, Y, Z) around the last candle close on a specified...
This script allows the user to select directly on the chart the entry time/candle for a trade, its entry price, stop loss price and take profit price, and will quickly calculate the position size for the trade. Some of the parameters that can be established by the trader in the indicator settings include the following: -Account Size -Leverage Multiple -Risk % per...