OPEN-SOURCE SCRIPT
CORNELUS LA PIRAMIDE
ATR Risk Dashboard (FX)
A minimal position-sizing dashboard for forex. It reads the ATR of the
current chart timeframe, converts it into a stop distance, and shows how
many lots you can trade while keeping the theoretical risk at or below a
fixed dollar amount.
Four lines, nothing else:
ATR - average true range in pips, current timeframe
Stop - ATR x multiplier, in pips
Risk - your dollar risk, entered manually
Lots - position size, rounded down to 0.01
HOW IT WORKS
1. ATR is calculated on whatever timeframe the chart is on. Nothing is
hard-coded - switch from 5m to 1h and the numbers follow.
2. Stop distance = ATR x multiplier. This is a DISTANCE, not a price.
The script draws no lines and places no orders.
3. Risk per lot = stop distance x units per lot x quote-currency rate.
The quote currency is converted to USD automatically using
request.currency_rate(), so the dollar figure is correct on USDJPY,
GBPJPY, EURAUD, NZDCAD and any other cross - not just USD-quoted pairs.
4. Lots = risk / risk per lot, always rounded DOWN to 0.01.
EXAMPLE - EURUSD, ATR 4.5 pips, multiplier 1.5, risk $200
Stop = 4.5 x 1.5 = 6.75 pips (0.000675)
Risk/lot = 0.000675 x 100,000 x 1 = $67.50
Lots = 200 / 67.50 = 2.962 -> 2.96
2.96 x $67.50 = $199.80, at or below the $200 limit.
Displayed values are rounded to one decimal for readability, but the
sizing math uses the raw unrounded stop. A stop shown as "6.8" is
divided as 6.75.
SETTINGS
ATR Length default 14
ATR Multiplier default 1.5
Risk $ default 500
Units per Lot default 100000 (standard lot)
For metals, set Units per Lot to 100 for XAUUSD or 5000 for XAGUSD.
Leave it at 100000 for all currency pairs.
NOTES
- Pip size is derived as mintick x 10, which handles JPY pairs correctly.
- Sizing is risk-based only. It does not check available margin - a valid
lot size can still exceed what your leverage allows.
- Spread is not included in the stop. On very low timeframes the stop can
be only a few pips, where spread is a significant share of the risk.
- The last bar updates live, so figures move until the bar closes.
Not financial advice. Position sizing is one input among many.
A minimal position-sizing dashboard for forex. It reads the ATR of the
current chart timeframe, converts it into a stop distance, and shows how
many lots you can trade while keeping the theoretical risk at or below a
fixed dollar amount.
Four lines, nothing else:
ATR - average true range in pips, current timeframe
Stop - ATR x multiplier, in pips
Risk - your dollar risk, entered manually
Lots - position size, rounded down to 0.01
HOW IT WORKS
1. ATR is calculated on whatever timeframe the chart is on. Nothing is
hard-coded - switch from 5m to 1h and the numbers follow.
2. Stop distance = ATR x multiplier. This is a DISTANCE, not a price.
The script draws no lines and places no orders.
3. Risk per lot = stop distance x units per lot x quote-currency rate.
The quote currency is converted to USD automatically using
request.currency_rate(), so the dollar figure is correct on USDJPY,
GBPJPY, EURAUD, NZDCAD and any other cross - not just USD-quoted pairs.
4. Lots = risk / risk per lot, always rounded DOWN to 0.01.
EXAMPLE - EURUSD, ATR 4.5 pips, multiplier 1.5, risk $200
Stop = 4.5 x 1.5 = 6.75 pips (0.000675)
Risk/lot = 0.000675 x 100,000 x 1 = $67.50
Lots = 200 / 67.50 = 2.962 -> 2.96
2.96 x $67.50 = $199.80, at or below the $200 limit.
Displayed values are rounded to one decimal for readability, but the
sizing math uses the raw unrounded stop. A stop shown as "6.8" is
divided as 6.75.
SETTINGS
ATR Length default 14
ATR Multiplier default 1.5
Risk $ default 500
Units per Lot default 100000 (standard lot)
For metals, set Units per Lot to 100 for XAUUSD or 5000 for XAGUSD.
Leave it at 100000 for all currency pairs.
NOTES
- Pip size is derived as mintick x 10, which handles JPY pairs correctly.
- Sizing is risk-based only. It does not check available margin - a valid
lot size can still exceed what your leverage allows.
- Spread is not included in the stop. On very low timeframes the stop can
be only a few pips, where spread is a significant share of the risk.
- The last bar updates live, so figures move until the bar closes.
Not financial advice. Position sizing is one input among many.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.