A maintenance-margin factor shifts each level, and a nonlinear option changes the leverage used for inverse-style contracts. It plots the base price plus up to five long and five short levels on the price chart, with separate colors and optional labels. Users can hide either side, limit drawing to the last bars, and offset the lines and labels. It does not issue entries, exits, or position management.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Manual Base Price
float
50000
inputPrice
Nonlinear Contract (e.g. COIN-M)
bool
true
i_nonlinear
Maintenance Margin above Liquidation
float
0.05
i_maintmargin
Level #1
float
5
i_x1
Level #2
float
10
i_x2
Level #3
float
20
i_x3
Level #4
float
50
i_x4
Level #5
float
100
i_x5
Show long levels
bool
true
i_show_longs
Show short levels
bool
true
i_show_shorts
Show Level 1 Labels
bool
true
i_show_x1
Show Level 2 Labels
bool
true
i_show_x2
Show all 23 settings
Setting
Type
Default
Variable
Show Level 3 Labels
bool
true
i_show_x3
Show Level 4 Labels
bool
true
i_show_x4
Show Level 5 Labels
bool
true
i_show_x5
Only Show Last X Bars (0 = all)
int
1
i_showlast
Projection offset
int
0
i_offset
Level Label Offset
int
5
i_label_offset
Level 1 Colour
color
color.aqua
c_x1
Level 2 Colour
color
color.lime
c_x2
Level 3 Colour
color
color.yellow
c_x3
Level 4 Colour
color
color.orange
c_x4
Level 5 Colour
color
color.red
c_x5
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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