CODEWITHSUNDEEP
pine-scriptalgorithmic-tradingtradingpine-script-v5
David Buik
David Buik

Reputation: 572

Get the Profit Percentage between Entry Price and Exit Price in TradingView

I'm building an indicator that opens a trade at a certain condition and should close it at a certain position.

In TradingView you can use a tool that automatically defines the Long or Short Position profit percentage as shown in this example.

Precentage between Entry and Exit

I set a condition of entry

entryCond = k > 0 and d > 0 and k < d and bbr > 0 and macd > 0 and signal > 0 and macd > signal and mf < 30 and cci < 0

And now I'm setting a condition for exit

exitCond = k > d and k > 80 and d > 80 and bbr > 1 and mf > 80 and cci > 100

I want to calculate the price of Exist minus the Price of Entry and convert it into a percentage to get a value like in screenshot 6.99

Upvotes: 0

Views: 2807

Answers (1)

vitruvius
vitruvius

Reputation: 21342

Since you mentioned you are building an indicator you need to do the calculations yourself.

The formula is percentage = math.abs(((exit_price - entry_price) / entry_price) * 100)

You need to store your entry and exit prices in a var variable so they would keep their values each iteration and update them when you enter a new position.

For strategies, one can use the built-in variable strategy.closedtrades.profit.

Upvotes: 1

Related Questions