OPEN-SOURCE SCRIPT
Safe Size [SkaleHub]
You can have the best entries in the world, but poor risk management will blow up an account. The Safe Size [SkaleHub] indicator is the final, ultimate safeguard in the SkaleHub progression system. It acts as an on-chart risk manager that calculates mathematically secure stop-loss placements based on real-time market volatility (ATR). Instead of forcing you to manually calculate pip values or guess where your stop should go, this tool tells you exactly where to put your stop-loss and calculates exactly how much capital to risk.
The Pitch: "Never blow up your account. Type in your account balance, and this tool tells you exactly how many shares to buy and where to put your stop-loss so you only risk 1%."
The Pitch: "Never blow up your account. Type in your account balance, and this tool tells you exactly how many shares to buy and where to put your stop-loss so you only risk 1%."
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.
Beau Green
Founder of SkaleHub
Founder of SkaleHub
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.
Beau Green
Founder of SkaleHub
Founder of SkaleHub
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.