OPEN-SOURCE SCRIPT
LoD Stop & Position Sizer
This is based on the teaching of Jeff Sun (jfsrev) using LoD and ATR "If you're precise and efficient with your entries—ensuring entries are always below 50/60% from the LoD stop based on ATR nature of the securities volatility"
You can enter you account value, risk to equity and it will calculate the # of shares you can buy based on the LoD and ATR%
You can enter you account value, risk to equity and it will calculate the # of shares you can buy based on the LoD and ATR%
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.