Contracts Calculator

The Contracts Calculator is a simple yet powerful tool for traders who want to efficiently calculate their position size and the number of contracts to trade based on their account balance, chosen leverage, and the percentage they wish to invest. This indicator helps traders manage their risk and make informed trading decisions.

Key Features:
Account Balance (USD): Input your account balance in USD.
Percentage of Account Balance (%): Choose the percentage of your balance you want to invest.
Leverage (min. 1): Set your desired leverage (minimum value is 1).
Current Price (Live): The indicator fetches the current market price in real-time.
Calculations:
Investment Amount (without leverage): The amount you want to invest is calculated as a percentage of your total account balance.
Investment Amount (with leverage): The script then applies the leverage to increase your investment amount.
Position Size and Contracts: Based on the leveraged amount and the current market price, it calculates the number of contracts you can trade.
Output:
A user-friendly table displays the following:

Account Balance (USD)
Percentage of Balance to Invest
Leverage Applied
Position Size (USD)
Number of Contracts to Trade
This indicator is ideal for traders who want to quickly calculate their position size and manage their risk in an easy-to-read format. Simply input your details and let the Contracts Calculator do the rest!

It is designed for efficient risk management and provides clear, actionable insights for day trading and other short-term trading strategies.

Version: Alpha 0.02