Average Position Calculation (F3rd1n)

11 באוג׳ 2023

Intended to calculate the average value of multiple positions.

שלשום

הערות שחרור

This indicator is a **"Break-even & Average Cost Tracker"** specifically designed for traders who scale into positions (DCA - Dollar Cost Averaging). It allows you to visualize exactly where your profit zone starts by consolidating multiple entries into one clear picture.

Here are the benefits and a simple guide on how to use it:

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🚀 Key Advantages

* **No More Manual Math:** It automatically calculates the weighted average of your positions. You don't need a calculator or spreadsheet to know your true entry price.
* **Visual Break-even Point:** The **thick blue line** on your chart shows you exactly where the market needs to go for you to start being "in the green."
* **Dual-Mode Flexibility:** Whether you track your trades by "how many units" you bought or "how much cash" you spent, the tool adapts to your workflow.
* **Clean Visuals:** Labels are pushed to the right side of the screen (into the empty space), so they never block your view of the current price action or candles.
* **Historical Context:** Your individual entry levels stay visible as thin grey lines, helping you remember your trade logic.

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🛠️ How to Use It

Once you add the indicator to your chart, click the **Settings (gear icon)** and follow these steps:

1. Choose Your Calculation Mode

* **Amount Mode:** Choose this if you prefer to enter the **Quantity** (e.g., "I bought 10 shares at $100 and 5 shares at $120").
* **Sum Mode:** Choose this if you prefer to enter the **Total Cash Spent** (e.g., "I spent $1,000 at a price of $100 and $500 at a price of $120").

2. Enter Your Trades (Entry Groups)

* **Entry Price:** Type the price at which you bought.
* **Amount/Sum:** Depending on your mode, type either the number of units or the total money invested.
* You can input up to **5 different entries**. If you only have two, simply leave the others at zero.

3. Read the Chart

* **The Blue Line:** This is your **Average Price**. If the current candle is above this line, your total position is in profit.
* **The Grey Lines:** These mark your individual entry points for visual reference.

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💡 Pro Tip

If the text labels feel too close to the candles, increase the **"Label Offset"** value in the settings (e.g., set it to 100) to move the data further to the right into the chart's margin.

Would you like me to add a **Profit/Loss percentage display** next to the average price so you can see your real-time ROI on the chart?