Indicator for Smart Calculator
Smart Calculator trading indicator allows you to quickly calculate the total result of several positions, namely: total profit, total loss and total margin.
The Smart Calculator indicator can evaluate individual positions, as well as shares, averages, pyramids, grids. The indicator can work with any instruments, the number of considered positions is not limited. The indicator works only on one instrument (on the current chart). Swaps, spreads and commissions are not taken into account.
How to use the Smart Calculator indicator
When you start the Smart Calculator indicator, you must specify the following parameters:
- position_side - direction of positions (buy/sell)
- position_lot - lot of each position
- total_positions - number of positions
- step_points - step in price points between positions
- opened_orders - take into account already opened orders in the terminal
- limit_orders - take into account limit orders in the terminal
- stop_orders - take stop orders into account in the terminal
- draw_channel - build an envelope channel
- MA_period - period for the average channel line
- deviation_value - distance to the limit of the channel in the deposit currency
- channel_color - color for channel and center lines
According to these settings, the Smart Calculator indicator adds several horizontal lines to the current chart, which symbolize the level of opening positions.
There are two special lines: the general stop-loss line, and the general take-profit line. The position lines are magenta, the stop loss line is red, and the take profit line is green.
Later, the lines can be moved freely, and lots and position directions to change in the line properties. You can add new position lines manually. The indicator automatically recalculates the results at any click of the mouse in any place of the chart. When hovering the mouse cursor over a line you can see its description (position properties). Clicking on the result line in the corner of the screen brings the indicator to the initial state.
The opened_orders, limit_orders, stop_orders options allow you to include open positions in the terminal, as well as limit and stop orders, respectively.
The draw_channel option includes a channel of envelope lines on the price chart, in the middle of the channel there is a normal moving average line, and the borders of the channel are at a distance corresponding to the monetary value of deviation_value from the average line, taking into account the selected position_lot volume and the price point value.
Thus, if the price passes from the middle of the channel to any of its borders, it will correspond to the deviation_value in the deposit currency. This is an alternative way of estimating volatility: first the monetary value of the price deviation is set, and then the volume of the position is selected.
Download Smart Calculator trading indicator