OPEN-SOURCE SCRIPT
XAUUSD Lot Size Calculator + RSI (Yoothobbiz)
This indicator is designed for Gold traders on the 5-minute timeframe (M5) who want a clear and editable lot size, stop loss, and take profit calculator directly on their chart.
✨ Features:
📌 Dynamic Lot Size Calculation – based on account capital, chosen risk %, and stop loss distance.
⚖️ Risk/Reward Management – automatically displays TP level using a customizable risk/reward ratio (e.g., 1:2, 1:3, etc.).
🛑 Stop Loss in Points & Price – calculates SL from recent M5 highs/lows, including spread.
🎯 Take Profit in Price & Points – automatically adjusted to your risk/reward ratio.
💵 Risk in USD – instantly shows how much capital is at risk per trade.
🕒 Custom Time Zone Support – displays the real trading time (default UTC-4 for New York), fully editable for any user.
⏱ Timeframe Label – clearly shows the working timeframe (M5 by default).
🎨 Fully Editable Display Panel:
Position (6 corners available).
Font family, size, style (bold/italic).
Text and background colors.
Adjustable spacing between lines.
🔑 How to Use:
Set your capital and risk % in the settings.
Adjust spread (in points) if needed.
Choose your risk/reward ratio.
The panel will display:
Recommended lot size for XAUUSD
Stop loss (price + points)
Take profit (price + ratio)
Risk in $
Timeframe & real-time clock
📍 Notes:
Optimized for XAUUSD (Gold) and the 5M timeframe.
Works on any asset/timeframe, but SL logic is based on M5 candle highs/lows.
Ideal for traders who want a fast and disciplined risk management tool right on their chart.
✨ Features:
📌 Dynamic Lot Size Calculation – based on account capital, chosen risk %, and stop loss distance.
⚖️ Risk/Reward Management – automatically displays TP level using a customizable risk/reward ratio (e.g., 1:2, 1:3, etc.).
🛑 Stop Loss in Points & Price – calculates SL from recent M5 highs/lows, including spread.
🎯 Take Profit in Price & Points – automatically adjusted to your risk/reward ratio.
💵 Risk in USD – instantly shows how much capital is at risk per trade.
🕒 Custom Time Zone Support – displays the real trading time (default UTC-4 for New York), fully editable for any user.
⏱ Timeframe Label – clearly shows the working timeframe (M5 by default).
🎨 Fully Editable Display Panel:
Position (6 corners available).
Font family, size, style (bold/italic).
Text and background colors.
Adjustable spacing between lines.
🔑 How to Use:
Set your capital and risk % in the settings.
Adjust spread (in points) if needed.
Choose your risk/reward ratio.
The panel will display:
Recommended lot size for XAUUSD
Stop loss (price + points)
Take profit (price + ratio)
Risk in $
Timeframe & real-time clock
📍 Notes:
Optimized for XAUUSD (Gold) and the 5M timeframe.
Works on any asset/timeframe, but SL logic is based on M5 candle highs/lows.
Ideal for traders who want a fast and disciplined risk management tool right on their chart.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.