MultiRisk Calc

Description

MultiRisk Calc is a risk-sizing helper built to work next to TradingView’s built-in drawing tools (like Long/Short Position or a Box). Pine scripts can’t read drawing objects directly, so the workflow is simple: drag your drawing to your intended Entry/Stop, then type those two prices into the indicator. The script then calculates position size for multiple futures contracts — and optionally MetaTrader-style LOT sizing for CFDs/FX.

It also draws a small semi-transparent red box (default 10 bars wide) with a fixed label placed to the right side of the chart, visually aligned with your position tool.

Key Features
Futures contract sizing (Micros + Minis)

Calculates contract count needed to target a dollar risk amount (default $300).

Supports toggles for:

MNQ / NQ

MES / ES

MGC / GC

MYM / YM

Each enabled line displays:

Suggested contracts

Total risk for that contract count

Risk for 1 contract (shown on the right)

Smart rounding (avoids misleading “1 contract”)

Includes an Overshoot Threshold (default $50):

If rounding up to the next contract overshoots the target by more than the threshold, the script rounds down instead.

This can result in 0 contracts when 1 contract would be far above your target risk (by design).

Optional LOT sizing (MetaTrader / CFD / FX)

Adds an optional LOT calculation line (toggleable).

Uses manual broker inputs (no presets) to avoid incorrect sizing across different brokers:

Contract size (units per 1.00 lot)

Conversion multiplier to account currency

Lot step (e.g., 0.01)

Outputs:

Suggested lots

Total risk for that lot size

Risk for 1.00 lot

Important: LOT sizing varies heavily across brokers (CFDs/indices especially). This script requires you to enter your broker’s correct contract specification values. It does not “auto-detect” broker settings.

Auto-fill (once) + Locked Levels

If you don’t enter values immediately, the indicator can:

Auto-fill Entry = current price

Auto-fill Stop = X ticks away
…and then lock those values so they do not move with price.

How to Use

Place a TradingView drawing (Long/Short Position or Box) and drag it to match your planned Entry and Stop.

Open the indicator settings and type:

Entry

Stop (SL)

Set Target risk $ (N).

Enable the instruments you want (and optionally LOT sizing).

Notes / Limitations

Pine scripts cannot read TradingView drawings automatically — manual Entry/Stop input is required.

Futures values are hardcoded for the supported contracts (tick size + $/tick).

LOT sizing is manual by design to prevent broker-to-broker mismatches.