OPEN-SOURCE SCRIPT
Position Size Calculator CENTRAL
This tool calculates position size based on account balance, risk percentage, stop loss in pips, and pip value.
It is designed to help traders apply consistent risk management across different market conditions.
Formula used:
Position Size = Risk Amount / (Stop Loss × Pip Value)
Example:
If you risk 1% of a $10,000 account with a 10 pip stop loss, the tool will automatically calculate the correct lot size.
Author: Sebastián Figueroa
It is designed to help traders apply consistent risk management across different market conditions.
Formula used:
Position Size = Risk Amount / (Stop Loss × Pip Value)
Example:
If you risk 1% of a $10,000 account with a 10 pip stop loss, the tool will automatically calculate the correct lot size.
Author: Sebastián Figueroa
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.