Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Sign in to follow this  
Tams

Trade Visualizer

Recommended Posts

Trade Visualizer

 

 

attachment.php?attachmentid=10841&stc=1&d=1242920520

 

 

 

Description:

 

This indicator depicts your trade with a line on the chart.

The line will start from the entry time/price, and extends to current/exit time/price.

The line will re-position itself to follow the up/down movement of the price.

 

If you make money, the line will appear green.

If you lose money, the line will appear red.

 

This indicator is for current day use only.

It maybe used in real time, or at EOD.

note: This indicator is for intra-day charts only.

note: MultiCharts version supports sub-minute resolution.

 

Intructions:

 

1. TRADE.CONCLUDED: default at FALSE. Set to TRUE when trade is done.

2. LONG1.SHORT2: If it is a long trade, enter 1, if it is a short trade, enter 2

3. Type in the Entry Tme and Entry Price,

4. Ignore the Exit Time and Exit Price for now.

5. SHOW.EXTENSION: Default is "True" to view the line with extension

6. DATE.OFFSET: +/- 1 if you are in a different date zone than the exchange.

 

note: MultiChart users: the Time format is hhmmss

note: TradeStation users: the Time format is hhmm

 

When the trade is concluded:

1. Change TRADE.CONCLUDED from False to True

2. Plug the Exit Time and Exit Price into the indicator,

The line will hold its place on the chart.

 

If you want to track another trade, simply apply another copy of this indicator.

 

Comments and enhancement suggestions are welcome

 

 

p.s.

The PLA file is for MultiCharts, it is usable in sub-minute charts.

TraderStation version can only be used in minute charts.

If you do not know how to import the code into your software, please

invest 5 minutes in your user manual.

p.s. I have not tested this indicator in TradeStation.

If you found it works, you are welcome to post the ELD.

 

Enjoy !

Trade_Visualizer.gif.6e842322193e9398b8926661644e89da.gif

Trade_Visualizer_(MultiCharts).pla

Trade_Visualizer_(TradeStation).txt

Share this post


Link to post
Share on other sites

Thank you Tams for an other simple and clever indicator

 

Personnally I use fixed stop and as soon as the market moves in my way I adjust it 1 point over

 

Then I try to be concentrated on a good exit, forgotten totally the profits, as if I am out the market and looking to a good reverse entry

 

I'm afraid to be influenced and unconcentrated by the RT line during the trade.

 

I used it today to have a look about my daytrades and it is very interesting to make an objectif critical of entry/exit points

 

It is a very smart tool

Share this post


Link to post
Share on other sites

This indicator is also useful to review your trades at EOD.

Simply enter the time/price and you can visually critique your entries and exists...

see how much money you made... and how much you left on the table. Heheh.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Topics

  • Posts

    • MRCY Mercury Systems stock, watch for a top of range breakout above 47.36 at https://stockconsultant.com/?MRCY
    • Date: 21st March 2025.   Gold is Up 14% in 2025 But Has It Peaked?   Gold prices fell on Thursday for the first time this week after reaching a new all-time high. The asset’s safe-haven status drives its bullish trend as the White House confirms new tariffs on April 2nd. On the other hand, the decline, which continues this morning potentially is due to fears the price is overbought or at its peak. Why Is Gold Increasing in Value? The main bullish price driver for Gold is the risk appetite of the market due to fears of a recession. Even the White House acknowledges a short-term downturn, though the administration calls it a ‘transitional period’. A potential recession has also been mentioned by economists including the previous Treasury Secretary, Lawrence Summers, who advises the chances of a recession in 2025 is around 50%. The possibility of a recession due to the new trade policy is not only driving the price of Gold but also bond yields and the stock market. The SNP500 has fallen almost 11% over the past 4-weeks. The risk appetite of the market can be seen through the poor performance of the stock market. Furthermore, the VIX index has fallen almost 11% while demand for bonds has risen. In addition to this, the Federal Reserve made it clear that there is no clear sign yet that the economy will not experience a recession but does expect lower economic growth. The Federal Reserve reduced its projections for the US GDP Growth Rates. The Chairman of the Federal Reserve told journalists that the central bank will continue its wait-and-see approach due to the uncertainties of the trade policy. The Federal Reserve will opt for a reactive approach rather than a proactive approach which may unnecessarily push inflation higher. Trade Tariffs on April 2nd Donald Trump imposed 20% tariffs on all Chinese imports, along with 25% duties on goods from Canada and Mexico. He also enforced 25% sanctions on imported steel and aluminium, prompting retaliatory measures. Meanwhile, unemployment rose to 4.1%, retail sales by only 0.2%, and business activity remained sluggish. Treasury Secretary Scott Bessent warned of a potential US recession, and experts suggest that if the trend continues, the Federal Reserve may adopt a more ‘dovish’ stance, pressuring the US dollar. At 20:00 (GMT+2) today, investors await the regulator’s meeting results and a new dot chart forecasting interest rate cuts. Any signal of borrowing cost adjustments could drive XAU/USD prices upward. XAUUSD (Gold) - Technical Analysis The price of XAUUSD this morning during the Asian Session fell, forming a lower swing low for the first time since March 10th. The question which most traders are now asking is whether the price will now continue retracing downwards. Currently, the price in the medium term remains above the 75-EMA and above the 100-SMA which indicates the price still maintains its bullish bias.     However, the price below the VWAP and order flow shows that so far sell orders outnumber buy orders. Therefore, due to the mixed signals, the volatility in the short term will be vital for technical analysts. For example, if the price falls to $3,026, 65% of the retracement has regained downward momentum potentially indicating a downward trend in the short term. Alternatively, at $3,027.90 the instrument will form a bearish breakout which again potentially indicates downward momentum. However, if the price increases above $3,034.17, a bullish breakout would have formed and the price will be again trading above the main Moving Average. Key Takeaway Points: Gold prices surged to an all-time high before dropping, possibly due to overbought concerns. Economic uncertainty and trade policies fuel demand for gold, bonds, and a declining stock market. The Federal Reserve acknowledges economic slowdown risks but remains reactive rather than proactive. The US plans tariffs on China, Canada, and Mexico, contributing to market volatility and economic concerns. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • PLTR Palantir Technologies stock, watch for a local breakout, target 106 area at https://stockconsultant.com/?PLTR
    • I wonder how we can use these timeframes lower than the one minute yet they might be helpful for high frequency trading bots. 
    • Prizes won are kinda satisfaction and acknowledgement for the success achieved among the other contestants in my opinion.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.