Trade Visualizer






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 !

[aaa]

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

[Tams]

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.