P/L Day Label

[perroveloz]

Hi, does any body know how to creat a label with a P/L Day? I already have one with a P/L Open

thanks in advance

this is what I got for open PL


def PL = GetOpenPL();

AddLabel (yes, "P/L: $" + Round(PL, 2), if PL > 0 then Color.UPTICK else if PL == 0 then Color.WHITE else Color.DOWNTICK);

and yes I am talking about a simple midnight to midnight

 

[mashume]

this may work:

declare lower;

def t = secondsFromTime(0931);

def day_open_pl = if t >= 0 and t[1] < 0 then PositionOpenPL() else day_open_pl[1];

AddVerticalLine(t >= 0 and t[1] < 0, "market open", color.black);

plot day_pl = PositionOpenPL() - day_open_pl;
plot zero = 0;

addLabel(yes, "  Start of Day: " + asDollars(day_open_pl) + "  ", if day_pl > 0 then color.dark_green else if day_pl == 0 then color.gray else color.red);
addLabel(yes, "  Day P/L: " + asDollars(day_pl) + "  ", if day_pl > 0 then color.dark_green else if day_pl == 0 then color.gray else color.red);

I wrote the code initially to work with strategies and used FPL(). If you want your actuals, use the code above.

Also, I can't get it to work with midnight. It's set to call the open at 930 eastern right now. I don't know why it doesn't work so well with midnight at the moment. perhaps I can fix it some day.

If you just want the labels, use this code:

declare upper;

def t = secondsFromTime(0931);

def day_open_pl = if t >= 0 and t[1] < 0 then PositionOpenPL() else day_open_pl[1];

AddVerticalLine(t >= 0 and t[1] < 0, "market open", color.black);

def day_pl = PositionOpenPL() - day_open_pl;

addLabel(yes, "  Start of Day: " + asDollars(day_open_pl) + "  ", if day_pl > 0 then color.dark_green else if day_pl == 0 then color.gray else color.red);
addLabel(yes, "  Day P/L: " + asDollars(day_pl) + "  ", if day_pl > 0 then color.dark_green else if day_pl == 0 then color.gray else color.red);

-mashume

 

[mmm777]

how about the stock p/l lable?

​

 

[majidg]

it shows zero for both labels, can you please advise how to fix it?

 

[mashume]

it shows zero for both labels, can you please advise how to fix it?

The function PositionOpenPL() only shows a value if you have an open position for the instrument you're looking at. If you have a strategy running you can use FPL(). I'd have to look on the learning center for portfolio value functions. I don't know the off hand.

-mashume

 

[armybender]

Active Trader also has a position summary option that includes P&L Day and P&L Open. You might look into that since it's built into the platform. It does it based on the symbol of the Active Trader chart, so it's not portfolio-level... but neither is a label.

 

[perroveloz]

thank you so much, I already installed, but labels show $0.00 maybe because market is close now, I'm going to tested tomorrow

 

[Joshua]

GetOpenPL() only records a bar historically if you had a position open for the entire bar into the next, or while the position is still actually open. Otherwise, it drops back down to zero once you've exited, and it ignores the profit or loss from the final bar of a trade.

In this case, I covered the short on the big red bar, whereas GetOpenPL() stops recording at the prior bar. It was showing a much larger profit during that final bar until I exited.

There are some tricks where you can rotate into a different calculation using differences in net liquidity upon exiting, but the net liquidity function is account-wide, so it only works if you're an exclusive single instrument trader. Otherwise your other holdings will interfere with it.