This indicator helps you visualise, practice, manage and automatically add funds to DCA deals that are in negative.
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.
發行說明
All labels are now easier to read on the chart. The Add Funds-labels now shows the source.
發行說明
Added regular alerts. You can now use the regular alert settings screen such as Only Once.
發行說明
Improved alert frequency. Now only send one alert per specified source timeframe if you create the alert when the chart is on a lower timeframe.
發行說明
- Changed RSI to send alerts in the current bar when RSI goes below the threshold, instead of waiting for bar close-confirmation - 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
發行說明
v1.6
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.
發行說明
Updated tooltips with more informative text.
發行說明
Added support for futures, token string pattern can now be tweaked. 1 = Quote, 2 = Base.