PROTECTED SOURCE SCRIPT
Updated Lot size
This tool using fibonacci retracement to define entry price when price is pull back in a trend
Automatically calculate lot size when you enter a position at fibonacci level, with same risk amount at each level
Good luck!
Automatically calculate lot size when you enter a position at fibonacci level, with same risk amount at each level
Good luck!
Release Notes
add currency unitRelease Notes
█ OVERVIEWThis function using fibonacci retracement to define entry price and lot size when price is pull back in a trend.
█ CALCULATIONS
Bitcoin price is 34000$, on daily chart you are expecting bitcoin price will go down.
But you will not enter a position at this price, you wait for a retracement at fibonacci level to have a good risk:reward and safe entry.
You enter your arguments as below:
• Input [Currency Pair] , note that this function only display if you set pair as same as your chart.
• Input [Risk] amount and currency unit, this risk will be used to calculate lot size on each fibonacci level with same risk on each level.
• Input [Entry Price], it is price when you see the signal and wait for retracement, also is fibonacci 0 level
• Input [Stop Loss], it is stop loss price, also is fibonacci 1 level
█ NOTE
If you wanna calculate two [Currency Pair] at a time, at two function on your script
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add question for Trend Level SignalRelease Notes
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updateProtected 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.