This TradingView indicator provides scalping money management tools by displaying a customizable panel on the chart. It shows risk management details such as deposit size, maximum risk per trade as a percentage, and commission adjustments. The indicator plots
Indicator · Pine Script v5 · On the chart
Scalping money management
This overlay indicator builds a money-management table on the price chart.
GitHub stars14on the repository
Pine versionv5runs as is
Lines of code105
Settings32inputs
LicenceNone stated
Last update3 years ago31 Aug 2023
Add It to Your TradingView Chart
- 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
Scalping money management takes a deposit, a maximum risk percentage per trade, and a commission percentage, then sizes risk against up to ten user-defined stop-loss percentages and an optional ATR stop. The ATR distance uses a chosen timeframe and length, and the panel can show stop distances in pips. Table position, colors, and titles are configurable. It does not plot entries, exits, or strategy orders.
- Deposit and risk-per-trade inputs
- Commission added to stop distance
- Up to ten percentage stop levels
- ATR stop with timeframe and length
- Configurable on-chart sizing table
Details
Published by
stupenkov on GitHub
Code credit
stupean, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Scalping, Volatility & bands, Screeners & dashboards
Markets
Any symbol
Timeframes
M1-M5
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
cryptocurrencycrytocsharppinescripttradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Deposit | float | 1000 | deposit |
| Maximum risk per trade, % | float | 1 | lossPerTrade |
| Commission and other, % | float | 0.1 | commission |
| position | string | position.bottom_right | position |
| Background color | color | color.new(#363636, 50) | tableBgColor |
| Text color | color | color.white | tableTextColor |
| Show titles | bool | true | showTableTitle |
| Show stop loss in pips | bool | true | showPips |
| Show ATR stop loss | bool | true | showAtrSL |
| ATR timeframe | timeframe | 3 | timeframeSL |
| Stop less length | int | 200 | lengthSL |
| ATR stop loss color | color | color.yellow | colorAtrSL |
Show all 32 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| showStopLoss1 | bool | true | showStopLoss1 |
| Stop loss, % | float | 0.1 | stopLoss1 |
| showStopLoss2 | bool | true | showStopLoss2 |
| Stop loss, % | float | 0.2 | stopLoss2 |
| showStopLoss3 | bool | true | showStopLoss3 |
| Stop loss, % | float | 0.3 | stopLoss3 |
| showStopLoss4 | bool | true | showStopLoss4 |
| Stop loss, % | float | 0.4 | stopLoss4 |
| showStopLoss5 | bool | true | showStopLoss5 |
| Stop loss, % | float | 0.5 | stopLoss5 |
| showStopLoss6 | bool | true | showStopLoss6 |
| Stop loss, % | float | 0.6 | stopLoss6 |
| showStopLoss7 | bool | true | showStopLoss7 |
| Stop loss, % | float | 0.7 | stopLoss7 |
| showStopLoss8 | bool | true | showStopLoss8 |
| Stop loss, % | float | 0.8 | stopLoss8 |
| showStopLoss9 | bool | true | showStopLoss9 |
| Stop loss, % | float | 0.9 | stopLoss9 |
| showStopLoss10 | bool | true | showStopLoss10 |
| Stop loss, % | float | 1 | stopLoss10 |
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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