OPEN-SOURCE SCRIPT
Automated Position size calculator
This is a position size calculator that automatically tracks the current best market price.
Its simple to use
you just set your account size, max position size and maximum risk percentage per trade.
Set your stop loss which can then be dragged on the chart and it will give you a live position size that moves with price.
This allows fast traders who get in their trades with market orders to get in with an accurate position once they have defined the stop loss for the trade.
This is incredibly efficient compared to any other position size calculations including the standard long and short position tools on trading view
you can remove all the noise in the settings and just have you stop loss and take profit lines with the readout of current correct position size.
Stop over or under positioning when getting in fast.
Its simple to use
you just set your account size, max position size and maximum risk percentage per trade.
Set your stop loss which can then be dragged on the chart and it will give you a live position size that moves with price.
This allows fast traders who get in their trades with market orders to get in with an accurate position once they have defined the stop loss for the trade.
This is incredibly efficient compared to any other position size calculations including the standard long and short position tools on trading view
you can remove all the noise in the settings and just have you stop loss and take profit lines with the readout of current correct position size.
Stop over or under positioning when getting in fast.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.