OPEN-SOURCE SCRIPT
Position Size V95
This indicator helps you decide how much you should trade based on your risk.
You simply set your:
- Account Balance
- Risk per Trade (%)
- Entry Price
- Stop-Loss Price
The indicator then automatically calculates:
- Position Size
- Position Value
- Risk per Trade
- Minimum Leverage
- Take Profit
- Potential Profit
- Margin Required
- Trading Fees & GST
- Risk for Multiple Positions
How to Use
1. Set your Account Balance and Risk %
Enter your account balance and how much you want to risk per trade.
2. Set Entry & Stop Loss
When adding the indicator to your chart for the first time, set your Entry Price and Stop-Loss Price.
3. Drag the levels
Once they are set, you can simply drag the Entry and Stop-Loss levels directly on the chart. The calculations will update automatically.
4. Set your Risk:Reward
Choose your preferred R:R, and the indicator will calculate the Take Profit automatically.
5. Check your position size
The dashboard will show your recommended Position Size, Risk, Leverage, Margin and Potential Profit.
Note: This indicator does not provide buy/sell signals or guarantee profits. It is designed only for position sizing and risk management.
You simply set your:
- Account Balance
- Risk per Trade (%)
- Entry Price
- Stop-Loss Price
The indicator then automatically calculates:
- Position Size
- Position Value
- Risk per Trade
- Minimum Leverage
- Take Profit
- Potential Profit
- Margin Required
- Trading Fees & GST
- Risk for Multiple Positions
How to Use
1. Set your Account Balance and Risk %
Enter your account balance and how much you want to risk per trade.
2. Set Entry & Stop Loss
When adding the indicator to your chart for the first time, set your Entry Price and Stop-Loss Price.
3. Drag the levels
Once they are set, you can simply drag the Entry and Stop-Loss levels directly on the chart. The calculations will update automatically.
4. Set your Risk:Reward
Choose your preferred R:R, and the indicator will calculate the Take Profit automatically.
5. Check your position size
The dashboard will show your recommended Position Size, Risk, Leverage, Margin and Potential Profit.
Note: This indicator does not provide buy/sell signals or guarantee profits. It is designed only for position sizing and risk management.
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.