OPEN-SOURCE SCRIPT
Position Size Calculator - Easy Drag & Drop Risk Sizing
This tool tells you exactly how many contracts to enter based on how much you're willing to risk.
How it works:
Set your risk per trade (e.g. $200)
Click the chart to place your stop and entry lines
The calculator reads the distance in points and shows your contract count in a clean on-chart box
Features:
Drag & drop entry and stop lines — contracts update as you move them
Auto-detects the contract's point value from the chart symbol (NQ = $20/pt, ES = $50/pt, etc.)
Micro sizing mode: chart NQ, size in MNQ contracts
Allowed overage setting: keep the extra contract when risk goes slightly over budget instead of dropping down
Line expiry: after a set time (default 60 min) lines gray out and prompt you to re-place them, so you never size off stale levels
Manual mode: type a stop distance in points instead of using lines
Shows actual dollar risk at the chosen size
Works on any symbol with a point value. Best suited to futures and micro futures.
How it works:
Set your risk per trade (e.g. $200)
Click the chart to place your stop and entry lines
The calculator reads the distance in points and shows your contract count in a clean on-chart box
Features:
Drag & drop entry and stop lines — contracts update as you move them
Auto-detects the contract's point value from the chart symbol (NQ = $20/pt, ES = $50/pt, etc.)
Micro sizing mode: chart NQ, size in MNQ contracts
Allowed overage setting: keep the extra contract when risk goes slightly over budget instead of dropping down
Line expiry: after a set time (default 60 min) lines gray out and prompt you to re-place them, so you never size off stale levels
Manual mode: type a stop distance in points instead of using lines
Shows actual dollar risk at the chosen size
Works on any symbol with a point value. Best suited to futures and micro futures.
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.