Risk Management Position Sizer
This Pine Script v6 indicator is an automated Risk Management & Position Sizing Calculator for TradingView. It dynamically computes position size, maximum loss, expected profit, and risk-to-reward ratio directly on your chart canvas.
How to install?
Dynamic Position Sizing: Automatically calculates the exact share/contract/token quantity needed based on account capital and risk percentage.
Auto or Manual Price Detection: Automatically populates the entry price using live bar close, or allows custom limit order entry.
Flexible Stop Loss & Take Profit Modes: Set SL/TP via percentage distances or manual price overrides.
Currency Formatting: Built-in auto-detection for exchange currencies with multi-currency formatting support (USD, EUR, GBP, JPY, BTC, ETH, etc.).
Customizable Dashboard Layout:
Select between Detailed and Minimal modes.
Choose Vertical or Horizontal layouts.
Adjust chart placement (Top Right, Bottom Left, etc.).
5 Color Themes included (Dark, Light, Ocean, Forest, Sunset).
Validation & Debugging: Built-in alerts detect invalid stop-loss setups or position sizes exceeding total capital.
How It Works
The indicator determines position size based on the fundamental fixed-fractional risk formula:
Calculate Capital at Risk:$$\text{Risk Amount} = \frac{\text{Total Capital} \times \text{Risk \%}}{100}$$
Calculate Distance to Stop Loss:$$\text{Risk Per Unit} = \vert{}\text{Entry Price} - \text{Stop Loss Price}\vert{}$$
Calculate Position Size:$$\text{Position Size (Qty)} = \frac{\text{Risk Amount}}{\text{Risk Per Unit}}$$
Risk-to-Reward Ratio:$$\text{R:R Ratio} = \frac{\vert{}\text{Take Profit Price} - \text{Entry Price}\vert{}}{\text{Risk Per Unit}}$$
How to install?
- Open TradingView and load any financial chart (crypto, forex, stocks, or futures).
- Click Pine Editor on the bottom panel.
- Clear existing text in the editor.
- Copy and paste the script code into the editor.
- Click Save and then click Add to Chart.
Dynamic Position Sizing: Automatically calculates the exact share/contract/token quantity needed based on account capital and risk percentage.
Auto or Manual Price Detection: Automatically populates the entry price using live bar close, or allows custom limit order entry.
Flexible Stop Loss & Take Profit Modes: Set SL/TP via percentage distances or manual price overrides.
Currency Formatting: Built-in auto-detection for exchange currencies with multi-currency formatting support (USD, EUR, GBP, JPY, BTC, ETH, etc.).
Customizable Dashboard Layout:
Select between Detailed and Minimal modes.
Choose Vertical or Horizontal layouts.
Adjust chart placement (Top Right, Bottom Left, etc.).
5 Color Themes included (Dark, Light, Ocean, Forest, Sunset).
Validation & Debugging: Built-in alerts detect invalid stop-loss setups or position sizes exceeding total capital.
How It Works
The indicator determines position size based on the fundamental fixed-fractional risk formula:
Calculate Capital at Risk:$$\text{Risk Amount} = \frac{\text{Total Capital} \times \text{Risk \%}}{100}$$
Calculate Distance to Stop Loss:$$\text{Risk Per Unit} = \vert{}\text{Entry Price} - \text{Stop Loss Price}\vert{}$$
Calculate Position Size:$$\text{Position Size (Qty)} = \frac{\text{Risk Amount}}{\text{Risk Per Unit}}$$
Risk-to-Reward Ratio:$$\text{R:R Ratio} = \frac{\vert{}\text{Take Profit Price} - \text{Entry Price}\vert{}}{\text{Risk Per Unit}}$$
Regards,
Anand Vardhan
Anand Vardhan
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Regards,
Anand Vardhan
Anand Vardhan
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.