Apex Edge - NQ Correlation HUDApex Edge — NQ Correlation HUD
Note: This script is the HUD only. Screenshots may also show separate Supply & Demand zone and key-level tools running alongside it for extra confluence — those are independent indicators, not part of this script, and aren't required for the HUD to function.
What it does
Apex Edge — NQ Correlation HUD is a compact on-chart dashboard built for trading Nasdaq-100 index products (NQ, MNQ, and similar). Rather than manually flicking between the VIX and individual Mega-Cap Tech charts to gauge whether the broader market agrees with a setup, this indicator brings that context onto your current chart in one glance.
It scores your current instrument's own momentum and structure, then does the same for the VIX and seven Magnificent-7 stocks — live, every bar — and tells you visually which of those names are actually confirming your bias right now versus which aren't.
The HUD: Ticker / Fuel / Confluence
The dashboard is a simple 3-column table:
Ticker — the symbol for that row. Row 1 always reflects whatever chart you're currently on (so it updates automatically if you switch between NQ and MNQ, or any other symbol). Below that: VIX, then the 7 Mag7 names.
Fuel — a 0–10 momentum score for that symbol (see scoring below), shown as a fraction against your configured minimum threshold, e.g. 6/6.
Confluence — a directional vote out of 5, shown as ▲x/▼y, indicating how many of 5 independent components currently lean bullish versus bearish for that symbol.
What it monitors, and why
VIX — the market's fear gauge. It typically moves inversely to equities, so a VIX reading that's rising while your chart is bearish (or falling while your chart is bullish) is a classic confirmation signal. The HUD surfaces VIX's own Fuel and Confluence so you don't have to switch charts to check it.
The 7 Mag7 stocks (defaults: AAPL, MSFT, GOOGL, AMZN, NVDA, META, TSLA — all fully customizable in settings) — these carry substantial weight in the Nasdaq-100 and tend to drive a large share of its movement. When several of them are genuinely moving with your NQ/MNQ chart, that's real confirmation your setup isn't just noise on one instrument; when they're diverging, it's a reason for caution even if your chart alone looks clean.
How each pair offers confluence
A single chart can give a false signal — a stop run, a low-liquidity spike, an isolated headline. Checking whether the broader Nasdaq complex agrees filters a lot of that out. If your NQ/MNQ setup is bearish and the majority of Mag7 names are also showing bearish confluence while correlating with your chart's actual price action, and VIX is leaning bullish (its typical inverse relationship holding up), that's three independent confirmations lining up rather than one chart in isolation.
How the columns are scored
Fuel Score (0–10) is a multi-factor momentum read, built from:
Volume Z-score relative to a rolling average
Candle body dominance within its own range
Where the close sits within the bar's high-low range
ATR expansion versus its own rolling average
Confluence Score (out of 5) is a 5-component directional vote:
LTF trend (Hull moving average)
HTF trend (Hull moving average on a higher timeframe)
LTF RSI position
HTF RSI position
Price structure vs. a rolling range midpoint
Each component casts one bullish or bearish vote; the tally is shown as ▲bullish/▼bearish.
The correlation layer
This is what separates the Mag7 rows from a static watchlist. Each Mag7 ticker's title is colour-coded in real time:
Green — that symbol is BOTH rolling-correlated to your current chart above a threshold you set, AND its own Confluence is currently agreeing with your chart's direction.
Red — either condition fails: it's not correlating closely enough right now, or it's correlating but currently pointing the other way.
This means the HUD isn't just showing you 7 static numbers — it's telling you, live, which of the 7 are actually confirming your bias in this moment versus which are just along for the ride historically. Correlation lookback, the green/red threshold, and the correlation-guide tooltip (with standard statistical strength bands) are all configurable.
Built-in alerts
Two included alert conditions ("HUD Setup: Long Bias" / "HUD Setup: Short Bias") fire when your chart's Confluence bias is shared by a configurable number of the 7 Mag7 symbols AND VIX Confluence is leaning the opposite way. These are deliberately price-agnostic — they tell you when the broader HUD context has aligned, not when to enter. Pair them with your own key-level or zone tools to time actual entries once the alert fires.
Settings
Fuel/Confluence Dashboard toggle, dashboard position, minimum Fuel threshold
Hull MA period and HTF resolution
Multi-Pair HUD toggle, monitor timeframe for the 7 Mag7 rows
VIX symbol, all 7 Mag7 symbols (freely swappable)
Correlation lookback length, correlation threshold, min Mag7 aligned count for alerts
Align it with other confluence indicators to time your entry. Below is an example of the HUD running alongside 2 indicators (Key levels & Supply & Demand zones).
A NOTE ON USE:
Market hours affect the correlation rows. NQ/MNQ trade nearly 24 hours; the Mag7 equities only trade actively during NASDAQ hours (with an extended pre/post-market window beyond that). Outside those hours, correlation can legitimately read n/a for some or all Mag7 rows — that's expected behaviour, not a fault, since a closed/flat equity price has no variance to correlate against. Correlation readings are most meaningful during and immediately around the NASDAQ session; Fuel and Confluence continue working normally at all hours since they don't depend on cross-symbol variance.
This tool is designed to support discretionary trading decisions around Nasdaq-100 index products — it doesn't generate entries or exits on its own, and none of its readings guarantee a particular outcome. Fuel, Confluence, and correlation are all descriptive of current and historical price behaviour, not predictions. As with any tool, backtest and forward-test on a demo account before relying on it in a live or funded environment. Nothing in this script or its description constitutes financial advice. Indicator
Percentage Risk Position Sizer (Bull/Bear Switch)Perfect for Prop Traders
Percentage Risk Position Sizer (Bull/Bear Switch)
An advanced, highly practical position sizing tool built specifically for day traders and futures traders who manage risk dynamically based on percentage allocation.
Customizable Multipliers: Supports configurable contract/tick multipliers for instruments like MNQ, NQ, MES, and ES.
Key Features:
Percentage-Based Risk Allocation: Easily switch between risk levels (e.g., 0.5%, 1%, 2%) tailored to your exact account size.
Automatic Candle High/Low Stop Loss: Instantly calculates risk parameters using the current candle's bottom (for Longs) or top (for Shorts).
Bull/Bear Toggle Switch: Simple input setting to flip between Buy (Bullish) and Sell (Bearish) modes instantly.
On-Chart Visuals & Labeling: Plots an extended stop loss line with a clean position size label positioned cleanly to the right to avoid chart clutter.
Real-Time Data Table: Displays total risk amount, exact position size, current stop loss level, and point distance directly in a clean top-right display table.
Inputs:
Trade Direction: Choose between Bullish (Long) and Bearish (Short).
Risk Percentage (%): Select your targeted risk per trade.
Account Size ($): Input your total account equity.
Contract/Tick Multiplier: Set your dollar value per point or tick.
Label Bar Offset: Adjust horizontal shifting to keep your live price bars completely unblocked. Indicator
Risk & Position-Size Calculator : Futures/Prop | Falcon AIStop blowing accounts to oversized positions. This free tool tells you EXACTLY
how many contracts to trade so a stop-out only costs the dollars you decided to
risk — on any futures symbol (MNQ, MES, NQ, ES, MGC, CL and more). It auto-detects
each contract's point value, so the math is always right.
It shows:
• Position size (contracts) for your account + risk %
• Your real $ risk, $/point, and 2R / 3R targets
• Prop-firm guardrails: how many losing trades until you breach your daily-loss
limit or trailing drawdown
• Prior-day high/low for context
Set your account size, risk %, and stop (manual or ATR-based) — it does the rest.
Built by Falcon AI. Educational tool only — not financial advice. Indicator
Nasdaq XXX20 / XXX50 / XXX80 Horizontal LevelsThis indicator automatically plots Nasdaq horizontal levels at XXX20, XXX50, and XXX80. Ideal for intraday trading on NQ, MNQ, NDQ, and NDX, with timeframes less than or equal to 5min.
This script highlights powerful reaction levels for entries, exits, stops, and targets.
Key Features
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- Draws XXX20 (teal), XXX50 (light gray/ivory), and XXX80 (orange) levels extending across the chart.
- Dynamically anchors around the current price, showing ±25 blocks by default (50+ levels total, adjustable).
- Optional price range filter to declutter charts by limiting levels to a specific zone.
Inputs
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- Toggle individual level types (XXX20 / XXX50 / XXX80).
- Line colors and width.
- Block size (default 100).
- Price range filter (show only levels between Min and Max price). Indicator
AlgoSentry Opening Range Breakout [Non-Repaint]The Opening Range is the high and low of the first minutes of a session. This indicator maps that range and then tracks the classic Break -> Retest -> Trend sequence that opening-range traders watch — built non-repaint from the ground up.
How it works
Once your opening window closes, the range high and low freeze. From there the script tracks three events:
• Break — the first candle to CLOSE beyond the frozen range, confirmed on the timeframe you choose (chart, 5m, 10m, or 15m). Higher confirmation = fewer fakeouts, later signal.
• Retest — the first pullback that taps an enabled zone: the broken edge, a percent level inside the range, or the session volume Point of Control.
• Trend — the first re-close beyond the range after the retest, marking continuation.
Why non-repaint matters here
Most "breakout" tools look perfect on history because they quietly use future data or redraw as you scroll. This one does not:
• The range freezes at session close and never moves.
• The volume Point of Control is computed once, over a fixed time window — no visible-range tricks, so it never shifts when you scroll or zoom.
• Every signal is committed on bar close.
• Higher-timeframe confirmation is read only after the higher-timeframe candle has closed (lookahead off).
What you saw in real time is what stays on the chart.
Settings
• Opening range session and timezone (default 09:30-09:45, exchange time).
• Confirmation timeframe for the breakout.
• Three retest zones — broken edge, percent of range, and volume Point of Control — each can be toggled on or off.
• Volume POC window: the opening range itself, or the full trading day.
• A compact dashboard shows session state, range size, the live Break/Retest/Trend state, the confirmation timeframe, and the volume POC level.
Every parameter is an input, and every filter can be turned on or off, so you can adapt the tool to your own market and style. It is designed for index futures on intraday charts (1-5 minute), but works on any symbol — validate it on your own instrument and timeframe before relying on it.
A note on honesty
Opening-range breakout is a well-known, widely-published concept. This tool does not invent an edge or promise results — it gives you a clean, disciplined, non-repaint way to see the sequence and study how it actually behaves on your charts.
Educational and informational use only. This is not financial advice, and nothing here is a recommendation to buy or sell. Past or hypothetical behavior does not predict future results. Always test thoroughly before trading. Indicator
Lucky Risk CalculatorLucky Risk Calculator
Know your risk before you pull the trigger — every single time.
Lucky Risk Calculator is a clean, no-nonsense risk management tool built for futures traders. Whether you're trading MNQ, NQ, MES, ES, or any other futures contract, it automatically detects the point value of your instrument and gives you instant dollar risk and profit targets right on your chart — no spreadsheets, no mental math mid-trade.
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What It Does
Enter your stop distance and number of contracts, and the table instantly shows you:
- **Dollar risk** per contract and for your full position
- **Profit target distance** based on your R:R ratio
- **Dollar profit** at target per contract and full position
- **Auto point value detection** — works on any futures symbol without manual setup
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How To Use
1. Set your **Stop Distance** (in points) based on where your stop loss is placed
2. Set your **Contracts** — risk and profit scale automatically
3. Set your **R:R Target** — the calculator shows exactly what hitting that target is worth in dollars
4. Move the table to wherever it fits best on your chart
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Works With
MNQ · NQ · MES · ES · MYM · YM · M2K · RTY — and any other futures contract on PulseWire. Point values are pulled automatically from the symbol, so you never have to touch a setting when switching instruments.
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Why I Built This
As a futures scalper, I needed to know my exact dollar risk the moment I defined my stop — not after the trade. This tool keeps risk front and center so you trade with discipline, not guesses.
*Trade smart. Manage risk. Stay lucky.*
— LuckyJo Indicator
Falcon AI Lite | SMC Signal OverlayFalcon AI Lite is a free educational overlay that marks the two foundational Smart Money Concepts (SMC) patterns — Break of Structure (BOS) and Order Block (OB) — and highlights the zones where they align in confluence.
What it shows
▲ Green triangle (below bar) — Bullish Break of Structure
▼ Red triangle (above bar) — Bearish Break of Structure
● Gray dots — Tracked swing high/low levels
◆ Gold "FAL" label — 2-factor confluence: BOS + Order Block retest
When a gold "FAL" label appears, it means a Break of Structure has occurred AND price has pulled back into the relevant Order Block zone within the active session — the foundational SMC entry concept.
How to use it
1. Add to a 30-minute chart of MNQ or your preferred CME futures contract
2. Adjust the Session Window input to match your active trading hours
3. Observe how the FAL labels mark setups you might consider studying or trading
4. Your entry decision, your stop, your target, your risk management
Why SMC works
Smart Money Concepts is a market-structure-based methodology used by institutional traders. The Break of Structure confirms a directional shift in the market; the Order Block identifies where institutional orders were filled before the impulsive move. Watching for price to retest the Order Block after a BOS gives a higher-probability location for trade ideas than either signal alone.
What this is NOT
This indicator does NOT place trades. It does NOT backtest. It does NOT calculate position sizing. It does NOT include stop-loss or take-profit logic. It is an educational overlay for studying the SMC patterns — nothing more.
The full Falcon AI system uses 12-factor AI-weighted confidence scoring across 4 SMC patterns (Fair Value Gaps, Liquidity Sweeps, Displacement, plus the patterns shown here), with multi-timeframe HTF bias filtering, live news event suppression (FOMC, CPI, NFP), and 4 backtested chart configurations validated via 3-year walk-forward (May 2023 → May 2026). Total combined backtested net: $1.23M, average win rate 90.16%, profit factor 3.49.
If you want the full system, see thefalconai.com — 14-day free trial, transparent methodology, real LLC, real refund policy.
Recommended timeframes
Optimized visualization for the 30-minute chart on MNQ. Also works on 15-minute and 1-hour. The 5-minute and below will produce too many noise signals.
Disclaimer
Educational technology only. Not financial advice. Past pattern formations do NOT guarantee future price behavior. The signals shown here are pattern detections, not trade recommendations. Always apply your own risk management. Use a stop loss. Size positions appropriately. Trading futures involves substantial risk of loss.
Falcon AI is operated by The Marko Family Group LLC (Florida, USA) and is NOT a registered investment adviser, broker-dealer, or NFA member.
Full system at thefalconai.com Indicator
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Index Futures Position Size Calculator V2A simple, free position size calculator for CME index futures traders.
Click Entry, click Stop Loss, pick your asset, get your contract size instantly. Built for fast NY session execution — no spreadsheets, no manual maths, no noise.
This is the updated version. The first release was a bare-bones calculator showing contract size only with a fixed SL buffer. This version is a full rebuild — every feature below came from real trading feedback, not theory.
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✦ SUPPORTED INSTRUMENTS
MNQ · MES · NQ · ES — all CME tick values hardcoded. No manual lookup, no mistakes.
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✦ WHAT IS NEW IN THIS VERSION
→ SL buffer is now a toggle — switch the auto ±1 handle offset on or off anytime from settings. When on, the SL label shows +1H so you always know what was calculated
→ Panel now shows four live values — asset, contract size, real USD risk after rounding, and full stop distance in points
→ Direction arrow — ▲ Buy or ▼ Sell auto-detected from your Entry and SL position
→ Panel size control — choose Small, Medium, Large or XL to fit any screen or preference
→ Lines now start exactly at your click point and extend right — no more lines appearing from far left
→ Price labels on both lines — see your exact Entry and adjusted SL price at a glance
→ Ghost line bug fixed — no more phantom line appearing at the bottom when switching timeframes
→ Dark PulseWire-native panel design — colour-coded values, clean two-column layout, easy to read at a glance during live sessions
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✦ FEATURES
→ One-click Entry and Stop Loss directly on the chart
→ Optional auto ±1 handle SL buffer — structural protection against wick hunts built in
→ Asset dropdown — MNQ, MES, NQ, ES with correct tick value loading automatically
→ Smart rounding — fractional contracts of 0.75 or higher round up, otherwise round down
→ Green Entry line and Red SL line from your exact click, both extending right
→ Live panel updates instantly when you move Entry or SL
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✦ HOW TO USE
Add to chart → click Entry → click Stop Loss → pick asset → set Account Size and Risk %. Read your size from the top-right panel. Three clicks and you are sized.
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✦ PROP FIRM CHALLENGE SIZING
Two clean methods to work within your max drawdown limit.
Method 1 — Loss budget split Divide your max loss by how many consecutive losses you can afford. Enter the result as Account Size with Risk at 100%. Example: $2,000 max loss ÷ 5 losses → Account Size $400 · Risk 100%
Method 2 — Direct percentage Enter your full max loss as Account Size and set your per-trade percentage. Example: $2,000 max loss, 20% per trade → Account Size $2,000 · Risk 20%
Both give the same result — use whichever feels natural.
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✦ A NOTE FROM THE AUTHOR
Built together with Claude AI through real iterative development — every single feature in this indicator exists because a real trade needed it.
This is 100% free and open source. No Discord, no course, no affiliate links, nothing to buy — ever.
You are completely free to copy this, modify it, rename it, improve it and republish it as your own. Seriously — go ahead. If you build something better on top of this, that is exactly the point. Clean tools should be free and open to everyone.
If it helps even one trader size their positions properly and protect their capital, it was worth sharing.
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✦ DISCLAIMER
Educational tool only. I do not take any responsibility when you use this indicator in your trading — always check the calculations before use. Futures trading carries substantial risk of loss. Not financial advice.
Built with ❤️ by REDz and Claude Indicator
Index Futures Position Size CalculatorA simple, free position size calculator for CME index futures.
Click Entry, click Stop Loss, pick your asset, get your contract size. That's it.
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✦ SUPPORTED INSTRUMENTS
MNQ • MES • NQ • ES — all CME tick values hardcoded.
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✦ FEATURES
→ One-click Entry & Stop Loss directly on chart
→ Auto 1-handle SL buffer (protects against wick hunts)
→ Asset dropdown — no manual tick value entry
→ Custom rounding (≥0.75 rounds up, else down)
→ Green Entry / Red SL lines with price labels
→ Clean black-on-white size panel, top right
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✦ HOW TO USE
Add to chart → click Entry → click Stop Loss
Settings → pick asset, enter Account Size & Risk %
Read your size from the top-right panel
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✦ TIP
If you're trading a funded challenge, here are two clean ways to use this tool with your max loss limit:
Method 1 — Loss budget split
Decide how many consecutive losses you can take before you're out. Divide your max loss by that number, and use the result as your "Account Size" with Risk % at 100.
Example: $2,000 max loss ÷ 5 losses = $400 per trade
→ Account Size: $400 | Risk %: 100
Method 2 — Direct percentage
Enter your full max loss as Account Size and set Risk % to your per-trade percentage.
Example: $2,000 max loss, risking 20% per trade
→ Account Size: $2,000 | Risk %: 20
Both give the same result — pick whichever feels more natural.
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✦ A NOTE FROM THE AUTHOR
Built with Claude AI for my own daily trading. Sharing it free because clean tools shouldn't be locked behind paywalls.
100% free. 100% open source. No Discord, no course, no affiliate links, nothing to buy. Copy it, modify it, republish your own version — it's yours.
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✦ DISCLAIMER
Educational tool only. Not financial advice. Futures trading carries substantial risk of loss. Always verify calculations against your broker's parameters before trading.
Built with ❤️ by REDz & Claude Indicator
NQ Micro Command ScalperNQ Micro Command – Scalper (1m/5m)
A fast-paced scalping system engineered for the Nasdaq-100 Index (NQ / MNQ), built to capture quick, high-probability moves on the 1-minute and 5-minute timeframes. This script focuses on precision entries by combining short-term momentum, micro structure, and rapid confirmation signals.
Designed for active traders, NQ Micro Command identifies scalp-ready setups through alignment of 5m bias with 1m execution, helping you enter at optimal points during bursts of volatility. Whether targeting quick breakouts or short pullbacks, the system filters noise and highlights only the most actionable opportunities.
Ideal for traders who want to:
*Execute quick, disciplined scalps
*Trade momentum shifts in real time
*Align micro entries with short-term trend
*Take advantage of volatility in the NQ/MNQ
A sharp, no-delay approach to intraday scalping—built for speed, clarity, and consistency. Indicator
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Volatility-Dynamic Risk Manager MNQ [HERMAN]Title: Volatility-Dynamic Risk Manager MNQ
Description:
The Volatility-Dynamic Risk Manager is a dedicated risk management utility designed specifically for traders of Micro Nasdaq 100 Futures (MNQ).
Many traders struggle with position sizing because they use a fixed Stop Loss size regardless of market conditions. A 10-point stop might be safe in a slow market but easily stopped out in a high-volatility environment. This indicator solves that problem by monitoring real-time volatility (using ATR) and automatically suggesting the appropriate Stop Loss size and Position Size (Contracts) to keep your dollar risk constant.
Note: This tool is hardcoded for MNQ (Micro Nasdaq) with a tick value calculation of $2 per point.
📈 How It Works
-This script operates on a logical flow that adapts to market behavior:
-Volatility Measurement: It calculates the Average True Range (ATR) over a user-defined length (Default: 14) to gauge the current "speed" of the market.
-State Detection: Based on the current ATR, the script classifies the market into one of three states:
Low Volatility: The market is chopping or moving slowly.
Normal Volatility: Standard trading conditions.
High Volatility: The market is moving aggressively.
Dynamic Stop Loss Selection: Depending on the detected state, the script selects a pre-defined Stop Loss (in points) that you have configured for that specific environment.
Position Sizing Calculation: Finally, it calculates how many MNQ contracts you can trade so that if your Stop Loss is hit, you do not lose more than your defined "Max Risk per Trade."
🧮 Methodology & Calculations
Since this script handles risk management, transparency in calculation is vital.
Here is the exact math used:
ATR Calculation: Contracts = Max Risk / Risk Per Contract
⚙️ Settings
You can fully customize the behavior of the risk manager via the settings panel:
Risk Management
-Max Risk per Trade ($): The maximum amount of USD you are willing to lose on a single trade.
Volatility Thresholds (ATR)
-ATR Length: The lookback period for volatility calculation.
-Upper Limit for LOW Volatility: If ATR is below this number, the market is "Low Volatility."
-Lower Limit for HIGH Volatility: If ATR is above this number, the market is "High Volatility." (Anything between Low and High is considered "Normal").
Stop Loss Settings (Points)
-SL for Low/Normal/High: Define how wide your stop loss should be in points for each of the three market states.
Visual Settings
-Color Theme: Switch between Light and Dark modes.
-Panel Position: Move the dashboard to any corner or center of your chart.
-Panel Size: Adjust the scale (Tiny to Large) to fit your screen resolution.
📊 Dashboard Overview
-The on-screen panel provides a quick-glance summary for live execution:
-Market State: Color-coded status (Green = Low Vol, Orange = Normal, Red = High Vol).
-Current ATR: The live volatility reading.
-Suggested SL: The Stop Loss size you should enter in your execution platform.
-CONTRACTS: The calculated position size.
-Est. Loss: The actual dollar amount you will lose if the stop is hit (usually slightly less than your Max Risk due to rounding down).
Who is this for?
-Discretionary and systematic futures traders on MNQ (/MNQ or MES also works with small adjustments)
-Anyone who wants perfect risk consistency regardless of whether the market is asleep or exploding
-Traders who hate manual position-size calculations on every trade
No repainting
Works on any timeframe
Real-time updates on every bar
Overlay indicator (no signals, pure risk-management tool)
⚠️ Disclaimer
This tool is for informational and educational purposes only. It calculates mathematical position sizes based on user inputs. It does not execute trades, nor does it guarantee profits. Past performance (volatility) is not indicative of future results. Always manually verify your order size before executing trades on your broker platform.
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NQ Position Size CalculatorNQ Position Size Line Calculator is designed specifically for Nasdaq 100 futures (NQ) and micro futures (MNQ) traders who want to maintain disciplined risk management. This visual tool eliminates the guesswork from position sizing by displaying distance lines and contract calculations directly on your chart.
The indicator creates horizontal lines at 10-tick intervals from your stop loss level, showing you exactly how many contracts to trade at each distance to maintain your predetermined risk amount. Whether you're trading regular NQ contracts or micro MNQ contracts, this calculator ensures you never risk more than intended while providing instant visual feedback for optimal position sizing decisions.
How to Use the Indicator
Step 1: Configure Your Settings
Stop Loss Price: Enter your exact stop loss level (e.g., 20000.00)
Risk Amount ($): Set your maximum dollar risk per trade (e.g., $500)
Contract Type: Choose between:
NQ (Regular): $5 per tick - for larger accounts
MNQ (Micro): $0.50 per tick - for smaller accounts or conservative sizing
Display Options:
Max Lines: Number of distance lines to show (default: 30)
Show Labels: Toggle tick distance and contract count labels
Line Color: Customize the color of distance lines
Label Size: Choose tiny, small, or normal label sizes
Step 2: Read the Visual Display
Once configured, the indicator displays:
Stop Loss Line:
Thick yellow line marking your exact stop loss level
Yellow label showing the stop loss price
Distance Lines:
Dashed red lines at 10-tick intervals above and below your stop loss
Lines appear on both sides for long and short position planning
Labels (if enabled):
Green labels (right side): For long positions above your stop loss
Red labels (left side): For short positions below your stop loss
Format: "20T 5x" means 20 ticks distance, 5 contracts maximum
Step 3: Use the Information Tables
The indicator provides two helpful tables:
Position Size Table (top-right):
Shows common tick distances (10, 20, 40, 80, 160 ticks)
Displays risk per contract at each distance
Contract count for your specified risk amount
Total risk with rounded contract numbers
Settings Table (bottom-right):
Confirms your current risk amount
Shows selected contract type
Displays current settings for quick reference
Step 4: Apply to Your Trading
For Long Positions:
Look at the green labels on the right side of your chart
Find your desired entry level
Read the label to see: distance in ticks and maximum contracts
Example: "30T 8x" = 30 ticks from stop, buy 8 contracts maximum
For Short Positions:
Look at the red labels on the left side of your chart
Find your desired entry level
Read the label for tick distance and contract count
Example: "40T 6x" = 40 ticks from stop, sell 6 contracts maximum
Step 5: Trading Execution
Before Entering a Trade:
Identify your stop loss level and input it into the indicator
Choose your entry point by looking at the distance lines
Note the contract count from the corresponding label
Verify the risk amount matches your trading plan
Execute your trade with the calculated position size
Risk Management Features:
Contract rounding: All position sizes are rounded down (never up) to ensure you don't exceed your risk limit
Zero position filtering: Lines only show where position size is at least 1 contract
Dual-sided display: Plan both long and short opportunities simultaneously
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