PROTECTED SOURCE SCRIPT
Updated Greed Indicator | BennuQuants
Greed indicator. Applicable to traders who have issues taking profit at set targets.
This indicator has three inputs. Your entry, your profit target, and a margin % (if you are a degen). Given you entry price, you can see where (marked in gold) that you were in profit but didn't take profit. This is good feedback for psychological indicators which I think will be my next focus. Reasoning behind this was the many conversations that my old trading partner and I would have issues where we held positions for too long and they would reverse us out of profit. This should eliminate such behaviors or at least help to correct them.
I don't expect this to be that interesting to most, but its something. Will be publishing the script shortly
Green indicates proft, yellow marks greed periods, and red marks negative periods. Also an easy way to track a trades current profitability.
This indicator has three inputs. Your entry, your profit target, and a margin % (if you are a degen). Given you entry price, you can see where (marked in gold) that you were in profit but didn't take profit. This is good feedback for psychological indicators which I think will be my next focus. Reasoning behind this was the many conversations that my old trading partner and I would have issues where we held positions for too long and they would reverse us out of profit. This should eliminate such behaviors or at least help to correct them.
I don't expect this to be that interesting to most, but its something. Will be publishing the script shortly
Green indicates proft, yellow marks greed periods, and red marks negative periods. Also an easy way to track a trades current profitability.
Release Notes
Entry input now goes to eight decimal places to allow for altcoins.Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.