OPEN-SOURCE SCRIPT
Risk Manager + Safe Mode
This script is a TradingView Pine Script risk manager for leveraged trades.
It calculates position size, stop loss, liquidation price, margin, and take profit automatically.
Main features:
Safe Mode → limits risk based on % of deposit.
Full Mode → uses full available margin.
Supports Long and Short trades.
Automatic Stop Loss and Liquidation calculations.
Displays trade info in a table on the chart.
Draws Entry, Stop Loss, Liquidation, and Take Profit lines.
Includes risk profiles: Safe / Normal / Risk.
Prevents invalid trades with error checks.
Purpose:
Helps traders manage leverage and avoid over-risking positions.
It calculates position size, stop loss, liquidation price, margin, and take profit automatically.
Main features:
Safe Mode → limits risk based on % of deposit.
Full Mode → uses full available margin.
Supports Long and Short trades.
Automatic Stop Loss and Liquidation calculations.
Displays trade info in a table on the chart.
Draws Entry, Stop Loss, Liquidation, and Take Profit lines.
Includes risk profiles: Safe / Normal / Risk.
Prevents invalid trades with error checks.
Purpose:
Helps traders manage leverage and avoid over-risking positions.
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.