OPEN-SOURCE SCRIPT

Position Size Calculator

179
Position Size Calculator

This open-source Pine Script® indicator helps traders manage risk by calculating position size, margin, and risk/reward based on account size, leverage, entry, stop-loss, and take-profit. It features a customizable table and optional chart lines/labels for clear trade planning across stocks, forex, crypto, and futures.

What It Does
- Position Size: Computes units to trade based on risk percentage and stop-loss distance, capped by leverage.
- Margin: Calculates initial margin in base currency and USD, with account size percentage.
- Risk/Reward: Shows risk-reward ratio, percentage price movements, and USD gains/losses.
- Visualization: Displays results in a table and optional chart lines/labels with customizable styles.

How It Works

- Precision: Adjusts price formatting using syminfo.mintick for accuracy across assets.
- Calculations: Position size = accountSize * (riskPercent / 100) / |entry - stoploss|, capped by accountSize * leverage / entry. Margin = positionSize / leverage. Risk-reward = |takeprofit - entry| / |stoploss - entry|.
- Display: Table shows metrics; optional lines/labels plot entry, stop-loss, and take-profit with percentage and USD details.

How to Use

- Set Inputs:
1- Account Size (USD): Your capital (e.g., 1000).
2- % Risk per Trade: Risk tolerance (e.g., 1%).
3- Leverage: Broker leverage (e.g., 1x, 10x).
4- Entry, Stop Loss, Take Profit: Trade prices.
5- Show Lines and Labels: Enable chart overlays.

- Customize: Adjust table position, colors, and line styles (Solid, Dashed, Dotted).
- View Results: Table shows position size, margin, and risk/reward. Chart lines/labels (if enabled) display prices, percentages, and USD outcomes.
- Apply: Use metrics for trade execution; modify code for custom features.

Notes

- Ensure valid inputs (entry ≠ stop-loss, both positive) to avoid “N/A”.
- Open-source: Inspect or extend the code for your needs.
- Contact the author via TradingView for feedback.

Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.