Position Planner for Entry Zones, Stops, Targets, and Leverage

Summary

This chart indicator helps map a planned trade by letting the user set an entry zone, stop-loss price, and as many as five take-profit levels, with a portion of the position assigned to each target. It displays position-related information such as contract quantity and liquidation level based on inputs for contracts, leverage, and maintenance margin. The script also includes alerts for entry-zone interaction, a fully traversed entry range, stop loss, and target touches, alongside visual drawing and formatting controls.

The material describes a planning and monitoring aid rather than a tested trading strategy: it provides no performance results or evidence that its alerts or liquidation estimates match a particular broker or venue. Outcomes depend on the selected prices, contract specifications, leverage, margin rules, and execution. Users need to verify calculations against their instrument and trading platform, especially where liquidation mechanics differ.

Key ideas

• The tool maps an entry range, stop loss, and multiple profit targets on a chart.
• Users can assign a percentage of the planned position to each take-profit level.
• Contract quantity, leverage, and maintenance margin inputs inform position and liquidation displays.
• Alerts track entry-zone activity, stop-loss crossings, and take-profit touches.
• The document provides no evidence of trading performance or universal accuracy across venues.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.