Monitoring Long and Short Baskets with Weekly Trading Statistics
Summary
This document describes a chart indicator for tracking groups of long and short symbols together. Users can configure up to 50 symbols in each basket, switch the chart to a listed symbol, move the display, and select the week for its historical statistics. The panel reports weekly price movement in points, average true range, active position profit or loss, and lot exposure, with totals for each basket.
The point calculation uses close minus open for longs and open minus close for shorts, so favorable movement is expressed in the same direction for both groups. An arrow indicates price movement relative to ATR. Users can toggle between terminal-provided ATR and an indicator-side calculation; updates are queued to reduce quote-processing load and continue at least once per second without new quotes. These are monitoring features rather than a tested trading strategy: the document gives no performance evidence, and it notes that terminal data may need time to initialize, particularly in the strategy tester.
Key ideas
- The indicator displays weekly movement, ATR, open-position profit or loss, and lot exposure for long and short symbol baskets.
- Users can configure up to 50 symbols in either basket and navigate to a symbol by clicking it.
- Long and short point totals use opposite price-change formulas so favorable moves share the same sign convention.
- ATR can be sourced from the terminal or calculated inside the indicator.
- The display is a monitoring aid, and terminal initialization may delay reliable data, especially in testing.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.