Forex lot size calculation🔶What it is ?
Forex lot size calculation is an indicator to help traders to manage trading account better and avoid emotion when you're changing account from small to bigger capital.
This indicator calculates lot size to entry by calculation risk in percent that you're planing for a position and your account balance also.
Our purpose is, keep your mind always "Empty" during trading even you're managing 100k$, 200k$ and more, espeically when you're changing from small account to bigger account.
The diffirence here is only Lot size you will input, we don't need to focus on how many money in dollors will we lost after a position. Each position, that's 1%, 2% balance , just like that. From that point, we can control emotion better and trade more effectively.
🔶 Who can use it ?
1. All traders who are using NCI, ICT , MACD system and other systems...
2. All traders who are trading on any timeframe
3. All traders who are trading on Forex market
4. All traders who are new or experienced traders
5. All traders who are swing or scalping traders
🔶 The purpose of indicator
1. Calculate lot size for all forex pairs exactly to trade on other platform like MT4/5, Ctrader and even Tradingview.
2. Exchange from risk by percent of account to lot size
3. Helping you to manage trading accounts easier
4. Always "Empty your mind" during Trading
🔶 How will indicator appear on chart
After you added it on chart, indicator will appear as table at your bottom right of chart. You can change it to Top-center as above chart by setting that I will guide you right on below.
In general, you can see three data :
1. Acc size $: That's your account balance you already input
2. %Risk : Here is risk by percent that you're planing to trade
3. LOT SIZE : Here is value after calcuation to help you can know how many lot size to entry.
Indicator will show you as three colors also :
GREEN : You're taking risk at a safe level that's less than 1%your account. You normally can trade better and manage trade easier with risk like that.
WHITE : You're taking risk at a normal level that's from 1 - 2% your account. You should becareful during taking this risk because it is only for experience traders.
RED : You're taking risk at a dangerous level that's greater than 2% your account.
This type of risk is only for top trader who can earn profit from mange consistency for a long time. Plus, with this type of risk, you will be rejected by prop firm companies easier because of gambling rules.
🔶 INPUT value
There're 2 groups for trader to input and use this indicator :
1. Trading input :
You need to input data to calcuate lot size here
- Your account balance : here is your initial account balance that you deposit
- Acc risk % : Here is risk by percent you're planing for each position.
- Stop loss by pips : Here is stop loss by pips for your position.
Explanation about stoploss by pips in Forex
Please help to refer to my chart above, that's a buying position in Tradingview. Tradingview measured all needed data in pips for you.
For example : My buying position on have chart having stop loss value is 15.3 pips.
I just need to input stoploss here as 15.3.
2. Display setting
Here is the place we will set the text size and location of table.
- Font size : The size of texts in this indicator. You can choose from tiny to Huge size
- Location : The position of indicator on chart. You can put it from bottom to top and left to right as your favorite
🔶 How to use indicator
After setting indicator, you need to input all data to Trading input group :
1. Your account balance
2. Acc risk %
3. Stop loss by pips
And then click to OK.
Indicator will calculate and give out LOT SIZE for you to entry.
It will remember your account balance and risk %, so you just need to input stop loss for your diffirence trades.
As chart above, I input my initial account as 200k$ and I normally take 1% risk for each position.
I want to buy at green box on chart above with SL is around 15.3 pips on AUDUSD.
Indicator helped to calculate lot size as 13.07 lot to trade.
I hope this indicator help you to trade and manage account better.
KEY
Key Levels by myooThis indicator plots key levels on the chart and can put a label on the price scale.
These levels can act as important support and resistance and cause big reactions.
• Open, High, Low, and EQ for the current day, previous day, current week, previous week, current month, previous month and current year.
•To show the levels on the price scale, you need to right click on the price scale, select "Labels" and turn on "Indicator and financial name labels" and "Indicator and financial value labels".
•In the settings under "Style", disable the "Labels" for a clean look.
In the settings window you can change the way the lines are drawn:
•Minimal: Lines are being drawn to the right for a clean chart.
•Standard: Lines are being drawn from the open bar of said period.
•Additionally, if you do not like to have the labels on the price scale, you can turn them of in the settings under the "Style Tab" by deactivating "Labels on price scale".
In this case, you can use the labels from the indicator itself, that are being drawn above the price line on the chart. Use the "Offset" setting to dial in the position to your preference.
Enjoy trading!
Key Levels// How it Works \\
Calculating Previous Days, Weeks and Monthly open, high, low, close and vwaps
Plots these levels on your chart
// Settings \\
You can enable/disable any of the levels you want to see
You can also change the amount of bars back the levels are plotted back to
// Use Case \\
These levels are often used in different methods of Technical analysis for support and resistance.
// Suggestions \\
Happy for anyone to make any suggestions on changes which could improve the script,
// Terms \\
Feel free to use the script, If you do use the script could you please just tag me as I am interested to see how people are using it. Good Luck!
Key Levels (Time Frames - Weekly,Monthly,Quarterly,Yearly)This indicator plots the 4h, Daily, Weekly, Monthly, Quarterly, Yearly Open High, Low and Mids.
You can watch how these institutional trading levels work as support and resistance.
Most Important you can add alerts to these levels with a few clicks.
Just add/remove unnecessary levels for scaling problems.
For any error/suggestion/improvement just let me know.
Bank Levels - Psychological Levels - Bitcoin, Indices, ForexThis got removed so I'm publishing it again.
What it is:
- This script draws in levels refereed to as bank levels. They are basically psychological/even numbers(40000, 45000, 150, 1850..)
Why doesn't it work on some charts?
- Each pair has a different tick value. You will have to edit the code to make it work on certain pairs. It's pretty simple, take a look.
TestedFX SR RADAR v3 (Support & Resistance Radar)TestedFX SR Radar is unlike any other Support and Resistance indicator I have seen to date. It doesn't just show you recent important pivots. Everyone with eyes can see those levels lol. You need an edge on the market. You need to know the levels AHEAD OF TIME. Trading is about having MORE and BETTER information than everyone else. Notice how the levels start BEFORE price touches those levels!!
How does TestedFX SR Radar do this?? Glad you asked.
Just like real radar, it searches within 5 ATR of the current price for strong pivots thousands of bars previous major pivots. But that is just the start. Then when a level is respected with a wick rejection a upvote is cast. When the level is busted a downvote is cast. The shading levels are based on the levels POWER as scored by the market voting on it. (Notice the purple dots at then end of the wicks that hit the level) Using this novel technique high probability pivot points are calculated IN ADVANCE so you know the important levels ahead of time.
Darker levels and multiple lines grouped together show strong S/R levels.
You can use this in combination with your favorite strategy. However, it was built to go with one of our private indicators. Typically good practice on TV is to include all functionality in one indicator. We tried to do that with this indicator but we couldn't because it uses too much CPU power. As it is if you change the SR Radar settings you will get "Script takes too long to execute" type errors. If that happens try hiding and showing the indicator again. If that doesn't work then reset your settings back to standard settings. The upside is that we are releasing this free to our tradingview friends.
I love this community and it is great to be able to give back. I really hope this helps you make better trading decisions. If so please let me know your experiences (good and bad) in the comments.
Sincerly,
Doug Collins
TestedFX
Key price levelsFunction: labelling recent highs and lows automatically. Easy and clean.
In this example, we can see the previous low of the ticker is around 105.5, the previous high is around 120.
We can set up our entries and exits by referring to the last lows and highs.
Users can adjust the searching bar range by themselves.
Fractals | Swing Points | Highs & Lows | Custom PeriodsSimple script which marks out key swing highs & lows.
One of the only indicators I have on the chart most days
- perfect for naked charting
- quickly helps you to visually identify key areas of interest
An extension of Bill Williams fractals
- aka short term swing points
Allows you to filter for only the most prominent swing points
- you can even overlay multiple swingpoint filters in different colours (as per example chart)
The number ( Fractal Periods) is simply:
- the number of less prominent points either side of your swing high/low
- example shown on the chart
Otherwise make a fist
- look at your 5 knuckles
- swing high is your middle knuckle
- 2 lower points either side
Bill Williams Original Fractal:
Fractal Periods = 2
Your Fractal Period for Filtering:
3, 4, 5, 30, 365, etc
Allows you to find swing points down to:
Fractal Periods = 1
Simple, easy, shared to enjoy =)
Fractals | Swing Points | Highs & Lows | Custom PeriodsSimple script which marks out key swing highs & lows.
One of the only indicators I have on the chart most days
- perfect for naked charting
- quickly helps you to visually identify key areas of interest
An extension of Bill Williams fractals
- aka short term swing points
Allows you to filter for only the most prominent swing points
- you can even overlay multiple swingpoint filters in different colours (as per example chart)
The number (Fractal Periods) is simply:
- the number of less prominent points either side of your swing high/low
- example shown on the chart
Otherwise make a fist
- look at your 5 knuckles
- swing high is your middle knuckle
- 2 lower points either side
Bill Williams Original Fractal:
Fractal Periods = 2
Your Fractal Period for Filtering:
3, 4, 5, 30, 365, etc
Simple, easy, shared to enjoy =)
[e2] Bitcoin Halving Key & AvwapThis indicator shows a Key Level Support & Resistance level and VWAP that reset on your choice of the Bitcoin's halving date.
Optional Key Calculation Mode:
- Start with first (2012) or second (2016) halving date.
- Start with first and reset on the second (Halving to halving mode)
- Start with every next halving simultaneously (Halving + halving mode)
Labels show the Market Capitalization, total minted Bitcoins and Bitcoin's close price on the halving's date.
A maximum of 5 bands calculated using a factor of the anchored VWAP's standard deviation can be displayed.
Note
- The script is designed for Bitcoin markets only.
- Estimated 3rd halving, script will be updated when next halving occurs.
[e2] EDS Key & AvwapThis indicator shows a Key Level Support & Resistance level and VWAP that resets on your choice of the stock's Earnings , Dividends or Splits release date.
A maximum of 8 bands calculated using a factor of the anchored VWAP's standard deviation can be displayed.
Note
The script is designed for stock-trading only.
Credits
Inspired by timwest , LazyBear 's Earnings S/R Levels and MichelT 's Earnings, Splits, Dividends scripts.
Key Reversal Up Backtest
A key reversal is a one-day trading pattern that may signal the reversal of a trend.
Other frequently-used names for key reversal include "one-day reversal" and "reversal day."
How Does a Key Reversal Work?
Depending on which way the stock is trending, a key reversal day occurs when:
In an uptrend -- prices hit a new high and then close near the previous day's lows.
In a downtrend -- prices hit a new low, but close near the previous day's highs
WARNING:
- For purpose educate only
- This script to change bars colors.
Key Reversal Down Backtest A key reversal is a one-day trading pattern that may signal the reversal of a trend.
Other frequently-used names for key reversal include "one-day reversal" and "reversal day."
How Does a Key Reversal Work?
Depending on which way the stock is trending, a key reversal day occurs when:
In an uptrend -- prices hit a new high and then close near the previous day's lows.
In a downtrend -- prices hit a new low, but close near the previous day's highs
WARNING:
- For purpose educate only
- This script to change bars colors.
Key Reversal Up A key reversal is a one-day trading pattern that may signal the reversal of a trend.
Other frequently-used names for key reversal include "one-day reversal" and "reversal day."
How Does a Key Reversal Work?
Depending on which way the stock is trending, a key reversal day occurs when:
In an uptrend -- prices hit a new high and then close near the previous day's lows.
In a downtrend -- prices hit a new low, but close near the previous day's highs
Key Reversal Down A key reversal is a one-day trading pattern that may signal the reversal of a trend.
Other frequently-used names for key reversal include "one-day reversal" and "reversal day."
How Does a Key Reversal Work?
Depending on which way the stock is trending, a key reversal day occurs when:
In an uptrend -- prices hit a new high and then close near the previous day's lows.
In a downtrend -- prices hit a new low, but close near the previous day's highs
