AlphanumetriX

Flōat

Float by AlphanumetriX is an invaluable tool to aid and abet the trader and investor.

Float can...

Assist in managing positions
Assist in identifying new positions
Assist in your accounting practices
Assist with risk management

What is Float?

The value of Float is in its simplicity. After becoming accustomed to it, you will wonder how you ever traded without it.
Float is not a ‘Buy and Sell’ indicator, it can be considered a calculator/risk management tool and position manager.
Float has advanced mathematics built into its code that allows you to set complex parameters that will be clearly displayed over your TradingVeiw charts.
View your P/L in percentage % terms after leverage and in Fiat $ terms after Leverage.

Box

After entering all commands in the settings, you are clearly able to view all pertinent information of your trade in real-time.
Float will apply and recalculate any amendments that you enter instantaneously.

BEFORE entering a trade, use Float to…

Identify where your liquidation point would be, relative to the amount of leverage applied to the trade.
Identify where a potential Stop Loss or Take Profit point could be placed.
Assess the Risk/Reward of the trade.
Run mock trades to gauge your performance prior to live trading.
Calculate the Capital and Quantity of assets post leverage.

Some examples below





Release Notes:
update #001 includes ROI in box
Release Notes:
resubmitted
Release Notes:
updated ROI
Release Notes:
improved code
Release Notes:
update, with customizable "box" color.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact AlphanumetriX for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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.

Author's instructions

For more information please visit www.alphanumetrix.com/

Want to use this script on a chart?

Warning: please read before requesting access.