Ultra Trade JournalThe Ultra Trade Journal is a powerful TradingView indicator designed to help traders meticulously document and analyze their trades. Whether you're a novice or an experienced trader, this tool offers a clear and organized way to visualize your trading strategy, monitor performance, and make informed decisions based on detailed trade metrics.
Detailed Description
The Ultra Trade Journal indicator allows users to input and visualize critical trade information directly on their TradingView charts.
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User Inputs
Traders can specify entry and exit prices , stop loss levels, and up to four take profit targets.
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Dynamic Plotting
Once the input values are set, the indicator automatically plots horizontal lines for entry, exit, stop loss, and each take profit level on the chart. These lines are visually distinct, using different colors and styles (solid, dashed, dotted) to represent each element clearly.
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Live Position Tracking
If enabled, the indicator can adjust the exit price in real-time based on the current market price, allowing traders to monitor live positions effectively.
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Tick Calculations
The script calculates the number of ticks between the entry price and each exit point (stop loss and take profits). This helps in understanding the movement required for each target and assessing the potential risk and reward.
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Risk-Reward Ratios
For each take profit level, the indicator computes the risk-reward (RR) ratio by comparing the ticks at each target against the stop loss ticks. This provides a quick view of the potential profitability versus the risk taken.
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Comprehensive Table Display
A customizable table is displayed on the chart, summarizing all key trade details. This includes the entry and exit prices, stop loss and take profit levels, tick counts, and their respective RR ratios.
Users can adjust the table's Position and text color to suit their preferences.
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Visual Enhancements
The indicator uses adjustable background shading between entry and stop loss/take profit lines to visually represent potential trade outcomes. This shading adjusts based on whether the trade is long or short, providing an intuitive understanding of trade performance.
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Overall, the Ultra Trade Journal combines visual clarity with detailed analytics, enabling traders to keep a well-organized record of their trades and enhance their trading strategies through insightful data.
Journal
Checklist By TAZFX with Trade ScoreTrading Checklist is a customizable indicator designed for traders who want to stay disciplined and stick to their trading rules. Using this indicator, you can easily create and display your own personalized checklist of trading rules directly on your TradingView chart.
1. Customizable Settings:
• Positioning : Place the table in one of nine positions on the chart (e.g., bottom left, top right).
• Header : Modify the banner text, size, and color.
• Row Content : Define text for each row and control visibility.
• Appearance : Adjust text and background colors.
2. Checklist Table:
•Displays up to 8 rows with checkboxes (✅/❌) and custom labels for trade evaluation.
•Useful for tracking whether specific trade conditions or rules are met.
3. Trade Score Calculation:
•The Trade Score is a percentage that shows how many of your checklist items are checked compared to the total visible items.
Sticky Notes, Checklist, To-do, Journal [algoat]I forgot to bring my notes again...
Ever feel like your trading notes are all over the place, much like your portfolio after a market dip? Worry not! With this script, you'll have all your trading notes, tasks, and brilliant (or not so brilliant) ideas neatly organized right on your chart. It's like having a sticky note board, but way cooler and without the risk of paper cuts.
⭐ Features :
To-Do Lists
Keep track of tasks with satisfying checkmarks for those dopamine hits.
Journal Entries
Document your market insights, trade plans, or just random thoughts. "I forgot something" – we've all been there.
Due Dates
Never miss an important deadline again. Red alert for overdue tasks because procrastination is a trader's worst enemy.
Customization
Choose the size and position of your notes because one size doesn't fit all.
Perfect for the organized trader who loves a bit of fun or the chaotic one who needs a bit of structure. Embrace the power of notes and stay on top of your trading game!
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🧠 General advice
Trading effectively requires a range of techniques, experience, and expertise. From technical analysis to market fundamentals, traders must navigate multiple factors, including market sentiment and economic conditions. However, traders often find themselves overwhelmed by market noise, making it challenging to filter out distractions and make informed decisions. By integrating multiple analytical approaches, traders can tailor their strategies to fit their unique trading styles and objectives.
Confirming Signals with other indicators
As with all technical indicators, it is important to confirm potential signals with other analytical tools, such as support and resistance levels, as well as indicators like RSI, MACD, and volume. This helps increase the probability of a successful trade.
Use proper risk management
When using this or any other indicator, it is crucial to have proper risk management in place. Consider implementing stop-loss levels and thoughtful position sizing.
Combining with other technical indicators
The indicator can be effectively used alongside other technical indicators to create a comprehensive trading strategy and provide additional confirmation.
Keep in mind
Thorough research and backtesting are essential before making any trading decisions. Furthermore, it's crucial to have a solid understanding of the indicator and its behavior. Additionally, incorporating fundamental analysis and considering market sentiment can be vital factors to take into account in your trading approach.
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⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. A word to the wise is enough: developed by traders, for traders — pioneering innovations for the modern era.
Risk Notice
Everything provided by algoat — from scripts, tools, and articles to educational materials — is intended solely for educational and informational purposes. Past performance does not assure future returns.
