Std Dev Projection + Risk Tool

Std Dev Projection + Risk Tool

A drag-based planning tool for NQ/MNQ (or any futures/instrument) that turns two anchor points — your Entry and your Stop — into a full trade plan: projected R-multiple targets, position sizing, and dollar risk, all updated live as you drag.

How it works: Drop two points on the chart: Entry (Level 0) and Stop (Level 1). Everything else is calculated automatically from that single leg:

Direction (long/short) is auto-detected from where Stop sits relative to Entry
R-multiple target lines (1R, 2R, 2.5R, 4R by default — fully customizable) project outward from Entry based on your stop distance
Position sizing calculates your max contracts either as a % of account or a fixed $ risk amount per trade
A risk summary table (top-right) shows stop distance, $ risk per contract, max contracts, and total $ risk at a glance

Features

Micro (MNQ) / Mini (NQ) / Custom contract switcher — size your risk correctly even if you're charting one and trading the other
Toggle labels to show $ amount, R-multiple, and/or contracts-to-risk independently
Adjustable label offset so targets stay visible past your price action
Two risk sizing modes: % of account or a flat $ amount per trade
Fully customizable R-target levels (comma-separated list)

How to use

A

dd to chart, open Settings
Drag the Entry and Stop handles onto your actual planned trade
Set your Contract Size, Risk Sizing Mode, and risk amount under Risk Management
Read your position size and R-targets directly off the chart

Disclaimer: This is a risk-calculation and visualization tool only — it does not generate trade signals, predict price direction, or execute trades. All position sizing outputs are for planning purposes; verify contract specs and risk parameters against your own broker/platform before trading. Trading futures involves substantial risk of loss and is not suitable for all investors. Past performance and projected levels are not indicative of future results.

Release Note

Update: Cleaner label layout

Simplified the on-chart labels so each one only shows what's actually useful at that level:

Entry — now just shows "Entry" (no contract count, since it's not a risk figure)
SL — still shows contract count and total $ risk (the one place that number matters)
R-Targets (1R, 2R, 2.5R, etc.) — now show the $ profit potential only, contract count removed for a cleaner read

Net effect: less visual clutter on the target lines, with the sizing info concentrated where you actually need it — your stop.

Release Note

Update: Suggested Entry line

Added a safety-net line for setups where your stop is too wide to fit any contracts in your risk budget.

If Max Contracts calculates to 0 (your stop distance × point value exceeds your risk budget), a dotted purple line now appears showing exactly where Entry would need to move — with Stop held fixed — to bring that same stop distance within budget for 1 contract
Labeled "1x Entry $[budget]" so you can see the exact dollar figure it's solving for
Automatically disappears once Max Contracts is 1 or higher — it only shows up when you actually need it
Toggleable under the new "Suggested Entry (when 0 contracts fit)" settings group, including its own color option

Useful for quickly seeing how much closer your entry would need to be to make a wide-stop setup workable within your risk rules, without doing the math by hand.

Release Note

Update: Risk table toggle & positioning

Added display controls for the risk summary table.

Show Risk Summary Table — toggle the table off entirely if you'd rather keep the chart clean and just use the on-chart labels
Table Position — 9 placement options (Top/Middle/Bottom × Left/Center/Right) so you can move it out of the way of your price action or other indicators, instead of being locked to the top-right corner

Both live under a new "Risk Table" settings group.

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