Description
The PZ Risk Management Indicator is a powerful, real-time tool built for one purpose: to keep your trading account alive and healthy. Retail traders often fail not because of poor analysis, but because they overleverage, overtrade, or ignore floating losses. This indicator helps prevent those mistakes by providing constant feedback on your account’s vital signs.
Once attached to any empty chart, the indicator automatically tracks:
- Used leverage
- Current drawdown
- Floating profit and loss
- Absolute and net exposure by symbol
- Currency-level exposure
It displays this data using a clean layout with color-coded labels:
- Green = Healthy
- Orange = Caution
- Red = Danger
With tick-by-tick updates, you’ll know instantly when your trading activity becomes risky. For example, if your drawdown exceeds 10% or your used leverage goes beyond 1:5, the tool will shift to orange or red depending on severity. This makes it an ideal companion for any trader trying to stay within responsible limits.
The logic behind it is straightforward: leverage and exposure are silent killers. You may technically be allowed to trade with 1:400 leverage, but doing so dramatically increases your risk of ruin. The indicator helps internalize this lesson visually and practically—reinforcing trading discipline every second you're in the market.
Whether you're a beginner or experienced trader, this tool can help you avoid overexposure, balance your portfolio, and trade with long-term sustainability in mind.
Input Parameters
- Caution Drawdown Level – Drawdown level where caution begins (default: 10%)
- Danger Drawdown Level – Drawdown level where danger is flagged (default: 20%)
- Caution Leverage Level – Leverage ratio to trigger caution (default: 1:5)
- Danger Leverage Level – Leverage ratio to trigger danger (default: 1:10)
- Color Settings – Customize label and alert colors to suit your chart preferences
What To Expect
This is a risk monitoring indicator, not a trading signal tool. It does not place trades, but gives you an at-a-glance view of your trading risk in real time. It helps you follow essential safety rules, like keeping leverage low, avoiding too many open positions, and managing your exposure to individual currencies. Use it once per chart, and it will continuously evaluate your account data without interfering with other systems or indicators.
