Lot size

This tool using fibonacci retracement to define entry price when price is pull back in a trend

Automatically calculate lot size when you enter a position at fibonacci level, with same risk amount at each level

Good luck!

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add currency unit

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█ OVERVIEW

This function using fibonacci retracement to define entry price and lot size when price is pull back in a trend.

█ CALCULATIONS

Bitcoin price is 34000$, on daily chart you are expecting bitcoin price will go down.

But you will not enter a position at this price, you wait for a retracement at fibonacci level to have a good risk:reward and safe entry.

You enter your arguments as below:

• Input [Currency Pair] , note that this function only display if you set pair as same as your chart.
• Input [Risk] amount and currency unit, this risk will be used to calculate lot size on each fibonacci level with same risk on each level.
• Input [Entry Price], it is price when you see the signal and wait for retracement, also is fibonacci 0 level
• Input [Stop Loss], it is stop loss price, also is fibonacci 1 level

█ NOTE

If you wanna calculate two [Currency Pair] at a time, at two function on your script

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fix bug label getting duplicated every time a new bar is presented

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update color

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update display of (price)

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add nzdusd

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change length of line

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update style