Risk Management Position Sizer
This Pine Script v6 indicator is an automated Risk Management & Position Sizing Calculator for TradingView. It dynamically computes position size, maximum loss, expected profit, and risk-to-reward ratio directly on your chart canvas.
How to install?
Dynamic Position Sizing: Automatically calculates the exact share/contract/token quantity needed based on account capital and risk percentage.
Auto or Manual Price Detection: Automatically populates the entry price using live bar close, or allows custom limit order entry.
Flexible Stop Loss & Take Profit Modes: Set SL/TP via percentage distances or manual price overrides.
Currency Formatting: Built-in auto-detection for exchange currencies with multi-currency formatting support (USD, EUR, GBP, JPY, BTC, ETH, etc.).
Customizable Dashboard Layout:
Select between Detailed and Minimal modes.
Choose Vertical or Horizontal layouts.
Adjust chart placement (Top Right, Bottom Left, etc.).
5 Color Themes included (Dark, Light, Ocean, Forest, Sunset).
Validation & Debugging: Built-in alerts detect invalid stop-loss setups or position sizes exceeding total capital.
How It Works
The indicator determines position size based on the fundamental fixed-fractional risk formula:
Calculate Capital at Risk:$$\text{Risk Amount} = \frac{\text{Total Capital} \times \text{Risk \%}}{100}$$
Calculate Distance to Stop Loss:$$\text{Risk Per Unit} = \vert{}\text{Entry Price} - \text{Stop Loss Price}\vert{}$$
Calculate Position Size:$$\text{Position Size (Qty)} = \frac{\text{Risk Amount}}{\text{Risk Per Unit}}$$
Risk-to-Reward Ratio:$$\text{R:R Ratio} = \frac{\vert{}\text{Take Profit Price} - \text{Entry Price}\vert{}}{\text{Risk Per Unit}}$$
How to install?
- Open TradingView and load any financial chart (crypto, forex, stocks, or futures).
- Click Pine Editor on the bottom panel.
- Clear existing text in the editor.
- Copy and paste the script code into the editor.
- Click Save and then click Add to Chart.
Dynamic Position Sizing: Automatically calculates the exact share/contract/token quantity needed based on account capital and risk percentage.
Auto or Manual Price Detection: Automatically populates the entry price using live bar close, or allows custom limit order entry.
Flexible Stop Loss & Take Profit Modes: Set SL/TP via percentage distances or manual price overrides.
Currency Formatting: Built-in auto-detection for exchange currencies with multi-currency formatting support (USD, EUR, GBP, JPY, BTC, ETH, etc.).
Customizable Dashboard Layout:
Select between Detailed and Minimal modes.
Choose Vertical or Horizontal layouts.
Adjust chart placement (Top Right, Bottom Left, etc.).
5 Color Themes included (Dark, Light, Ocean, Forest, Sunset).
Validation & Debugging: Built-in alerts detect invalid stop-loss setups or position sizes exceeding total capital.
How It Works
The indicator determines position size based on the fundamental fixed-fractional risk formula:
Calculate Capital at Risk:$$\text{Risk Amount} = \frac{\text{Total Capital} \times \text{Risk \%}}{100}$$
Calculate Distance to Stop Loss:$$\text{Risk Per Unit} = \vert{}\text{Entry Price} - \text{Stop Loss Price}\vert{}$$
Calculate Position Size:$$\text{Position Size (Qty)} = \frac{\text{Risk Amount}}{\text{Risk Per Unit}}$$
Risk-to-Reward Ratio:$$\text{R:R Ratio} = \frac{\vert{}\text{Take Profit Price} - \text{Entry Price}\vert{}}{\text{Risk Per Unit}}$$
Regards,
Anand Vardhan
Anand Vardhan
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Regards,
Anand Vardhan
Anand Vardhan
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.