The PnL Monitor is a powerful, customizable tool designed to help traders efficiently track the Profit and Loss (PnL) of up to 20 currency pairs or assets in real-time. This indicator provides a clear, organized table displaying entry prices and PnL percentages, making it indispensable for monitoring open positions or evaluating potential trades.
Key Features
1. Multi-Asset Tracking
- Monitor up to 20 currency pairs or assets simultaneously.
- Input the pair symbol and entry price, and the script calculates real-time PnL.
2. Dynamic Table Positioning
Customize where the table appears on your chart with these options:
- Top Left
- Top Right
- Bottom Left
- Bottom Right
đŸ‘‰ Discover how dynamic positioning enhances your trading workflow
3. Real-Time PnL Calculation
- Fetches current prices and calculates PnL percentages based on entry prices.
- Positive PnL highlighted in green; negative PnL in red.
4. Exchange and Pair Separation
- Automatically separates exchange names (if provided) from pair symbols.
- Simplifies data source identification.
5. Customizable Inputs
- Add or remove pairs as needed.
- Leave price fields blank for untracked pairs.
How to Use the PnL Monitor
Step 1: Input Your Pairs
- Enter pair symbols (e.g.,
NASDAQ:AAPLorBTCUSD) and entry prices in the script settings. - Blank fields exclude pairs from tracking.
Step 2: Choose Table Position
- Select your preferred table location (e.g., Top Right).
Step 3: Monitor PnL
- The table auto-updates with current prices and PnL percentages.
Why Use the PnL Monitor?
- Efficiency: Track multiple pairs without switching charts.
- Clarity: Instantly identify profitable vs. losing positions.
- Flexibility: Tailor the tool to your trading style.
đŸ‘‰ Optimize your trading strategy with this versatile tool
FAQ Section
Q1: Can I track more than 20 pairs?
A: No, the script is optimized for a maximum of 20 pairs to ensure performance stability.
Q2: Does the PnL Monitor work for crypto and stocks?
A: Yes! It’s designed for forex, crypto, and stock traders.
Q3: How often does the PnL update?
A: The script updates in real-time, reflecting the latest market prices.
Q4: Is the tool compatible with all TradingView assets?
A: Yes, as long as the asset’s price data is available on TradingView.
Ideal For
- Forex, crypto, and stock traders managing multiple positions.
- Traders prioritizing real-time analytics and visual clarity.
The PnL Monitor streamlines your trading process, offering precision and adaptability—essential for today’s fast-moving markets.