Alpha Volume

This script is a comprehensive trading toolkit designed to integrate position sizing, risk management, and key data metrics directly onto your chart. It goes beyond a simple volume indicator by providing two interactive tables and a special volume signal to aid in trade planning and analysis.

What It Does
The "Alpha Volume" indicator is a multi-functional tool that helps traders make more informed decisions. Its core components are:
- A Position Size Calculator that dynamically determines how many shares to trade based on your account size, risk tolerance, and different stop-loss strategies.
- A Data Metrics Table that displays essential fundamental information like Market Cap, Industry, Sector, and Float shares.
- An Episodic Pivot (EP) signal that highlights bars with exceptionally high volume, pinpointing potentially significant market events.

Key Features
Dynamic Position Sizing: Automatically calculates the ideal trade size based on various stop-loss points:
- The low or high of the day.
- The midpoint of the current candle.
- Three customizable fixed percentage stop-losses (e.g., 0.75%, 1.00%, 1.25%).

Interactive Risk Management: After you enter a trade, you can input your actual entry price and quantity. The script will then calculate:
- The exact stop-loss price required to meet your predefined risk.
- The distance to your stop-loss in both percentage and currency.
- Up to 10 R-Multiple price targets to help with profit-taking.

On-Chart Fundamental Data: The Data Metrics table provides a quick snapshot of the company's financial health and classification, saving you from switching between screens.
- Episodic Pivot Signal: A simple triangle appears below a daily candle when its volume surpasses a user-defined threshold (e.g., 9 million shares), drawing your attention to stocks under significant accumulation or distribution.

How to Use

Pre-Trade Planning:
- In the indicator settings, enter your Capital and define your Risk per trade (either as a percentage like 0.5% or a fixed currency amount like $5000).
- The "Position Size Table" will instantly show you the quantity you can trade based on different potential stop-loss levels. For example, Q shows the quantity if your stop is the day's low, and SQ shows quantities for fixed percentage stops.

Trade Execution & Management:
- Once you're in a trade, enter your Position Opened (PO) price and Quantity Actual (QA) in the settings.
- The second table will update to show your calculated stop-loss (PC), the distance to it (DA), and your R-Multiple targets (RM), giving you a clear plan for managing the trade.

Market Analysis:
- Use the Episodic Pivot signal on the daily chart to identify stocks experiencing unusual volume, which often precedes significant price moves.
- Glance at the Data Metrics Table to quickly understand the company's size (Market Cap) and business (Industry/Sector).