This gives you a simple visual representation of fees implications. This indicator can give you an insight of what timeframes are worth trading, and at what timeframes your profit will be "eaten by fees"
The indicator shows, how far price has to move from the last swing points (if you entered there) to break-even after fees As long as you're 'in the red' you P/L after fees will be negative!!
The fees are added once for entry and once for exit, so you have to enter the fees per transaction (eg in BitSeven this is 0.075%/trans for BTC and 0.151%/trans for ETH) Of course this can be used for any market.
JD. #NotTradingAdvice #DYOR
I build thes indicators for myself and provide them open source, to use for free to use and improve upon, as I believe the best way to learn is toghether.
Nota Keluaran
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Changed the entry value to the "close" at the time of the "pivot signal" instead of the pivot value itself, to have a more realistic entry and break-even point .
HI, Thanks for the indicator, It really helped. I have a request can you plz add an alert on condition for "when ever entry line is changes". I need to get alert when ever there is any change in entry line or break-even line upward or downward. PLzz