TTP AF Sim

Multiple factors factors are relevant when trying to exit a bad deal:
- How much funds are invested
- What's the current average position price
- How far the price has already dropped from that average
- Is the price bouncing significantly and frequently to the upside providing multiple opportunities to exit or is it still a free-falling knife dumping heavy?
- What are your TP % expectations
This indicator allows you to enter all these parameters visualising them all together in a single chart. The chart will show you based on all this information how much funds you would have required to exit in profit and rescue the deal in green. It will also flag if the exit strategy would have failed by plotting a red label indicating all the times where the TP wouldn't have been reached.
The exit strategies
In this basic version you have access to well tested and pre-defined conditions with the following indicators:
- Relative Strength Index (RSI)
- Commodity Channel Index (CCI)
- Money Flow Index (MFI)
- Bollinger Bands (BB)
Automated Add Funds-alert
With this indicator you can also add funds to the deals automatically:
- Every time the conditions are true an alert is sent
- Add Bot ID and Email Token for the deals
- Select automatically calculated volume or your own custom
Select exit strategy and add your Bot ID and Email Token to automatically add funds to your open deals.
- Added input confirmation window when first adding the indicator to the chart
- Updated wording and layout in settings, added more descriptive tooltips
- Updated volume settings
- Added max volume for the calculated volume, if volume required goes above this threshold the global volume setting is used instead as a fallback
- Volume is now a separate group in the settings panel
- Automated volume is renamed to calculated volume
- Custom volume is renamed to global volume
- Removed the confusing set date requirement when loading the indicator to the chart
- Kept the confirmation box asking for current average price and current volume when you add the indicator to the chart
- Added an info label with extra info at current price levels
- Added option to show AF alert message text being sent so you can review it before creating an alert (it uses the volume from the latest AF event on chart as a placeholder)
- Updated the volume label, when calculated volume is below your max volume limit it does only show the calculated volume, it doesn't show the parentheses with the required (it's not needed to see a duplicate value).
- Changed max volume fallback, if the calculated price is above the max volume limit you have set, it will now use the max volume limit as the volume added to the deal, it will not use the global volume as a fallback.
Example:
1_2 -> USD_BTC
1_2-PERP -> USD_BTC-PERP
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact asterbots directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
thetradingparrot.com/tiers
discord.gg/Ga2M82rQHj
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact asterbots directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
thetradingparrot.com/tiers
discord.gg/Ga2M82rQHj