Notional Trade Table

How it works

The Notional Trade Table allows traders to input multiple symbols with corresponding buy or sell sides, quantities, entry prices, and stop loss levels. Traders can select up to 20 different symbols and specify their trading parameters in an input menu, with each symbol having its own dedicated input boxes for side, quantity, entry price, and stop loss.

The script then captures these inputs and displays them in a dynamic table, tracking live last traded prices and automatically calculating potential profit or loss for each trade. It provides real-time feedback by checking stop loss conditions and displaying warnings if stop loss levels are incorrectly set relative to entry prices.

Why it may be useful

This trading signal provides traders with a comprehensive, multi-symbol trade tracking system that offers immediate visibility into potential trade outcomes. By displaying detailed trade information including side, quantity, entry price, and stop loss, traders can quickly assess their overall portfolio risk and potential performance across multiple positions.

The tool's real-time calculation of profit/loss and stop loss cushion helps traders make informed decisions, manage risk, and maintain a clear overview of their trading strategy. Its ability to handle multiple symbols simultaneously makes it a powerful tool for traders seeking to monitor and evaluate complex trading scenarios.

When to explore it

The Notional Trade Table is most effective for active traders managing multiple positions across different symbols, particularly those focusing on short-term trading strategies. It is especially useful for traders who need a quick, comprehensive view of their potential trades and current market positions.

Traders should preferably use this tool with symbols from a single country exchange to minimize data inconsistency risks. It is particularly valuable for day traders and scalpers who require rapid, precise trade tracking and risk management across multiple securities.

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