1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Espérance de Vie Trading - ATR estimates how many minutes a position can remain open before hitting maximum allowable drawdown, considering user inputs for account capital, contract size, and point value. Additionally, it computes dynamic take-profit targets, tick values, and potential dollar profits. All statistics are displayed in an overlay table dashboard on the main price chart. Higher timeframe ATR requests may update dynamically on live bars.
ATR-based position duration and drawdown calculation
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Capital ($)
float
2000
capital
Valeur par point ($)
float
20
point_value
Nombre de contrats
int
1
contracts
Période ATR
int
14
atr_length
Timeframe ATR
timeframe
5
atr_timeframe
Diviseur de risque
float
10
risk_divider
Diviseur ATR pour TP
float
2
tp_atr_divider
Ticks par point
float
4
ticks_per_point
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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