Scaling Into Position — Indicator by tolo507

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Plot Orders for scaling Into a Position

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Scaling into position plotting orders

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Scaling into position building

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Scaling into position building plot horizontal lines

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Scaling into position

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Updated horizontal line placement

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Added profit target line

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Added plot titles and modified input description

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Added 4 EMAs

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Updated labels and EMAs

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Added SMA and modified labels

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Updated line format for SMA

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Added profit label

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Added average position line, updated labels and line display, added Bollinger Bands

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Modified input labels and background fill calculation

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Added Short option to build a position and scale in for shorting
Added extra manual drawn lines for take profit and entry points

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Modified layout and super slow moving average color

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Added manual price line entries. Removed profit % line and labels.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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