This indicator allows you to automatically calculate and visualize margin zones to the specified parameters.
Type of indicator on the chart:
Margin Zone Level = Margin / Price Tick.
For example, take the euro futures, the ticker 6E.
Margin = $ 2300
Tick price = $ 6.25
Marginal zone level = 2300 / 6.25 = 368 ticks. This means that the margin zone will be built at a distance of 368 ticks from the initial price. The height of the marginal zone is 10% of this distance, that is, 36 ticks.
Margin values and tick price for the instrument can be viewed on the exchange, in our case it is CME: https://www.cmegroup.com/
We need to find the tool of interest:
View contract specification where you can see the price per tick:
Then open margin requirements, where you can see the necessary margin:
To add and configure the indicator, you must open the settings window.
Color - choose a color for the zone.
Show - enable and disable the visibility of zone.
For other zones setting are similar.
Color - color selection of the baseline.
Show - enable/disable visibility of the baseline.
Margin - set the value of the margin for calculation.
Tick cost - set a price of one tick.
Direction of zone - choose direction in which zones would be built.
Zone width - choose zone width in days.
Auto calculation - indicator automatically choose the initial price.
Custom price - set initial price manually.
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