Position Size Calculator

A simple, clean position sizing tool designed for futures traders who want to know exactly how many contracts to trade based on their risk parameters.
How It Works
Enter your dollar risk amount and the indicator automatically calculates the number of contracts you can trade with your stop loss placed at the candle's high or low. No more manual math — just glance at the table and execute.
Features

Adjustable Risk Amount — Set any dollar amount you're willing to risk per trade (default $500)
Risk:Reward Ratio — Customize your R:R target (1:1, 1:2, 1:3, etc.) to see your take profit level and potential profit
Multiple Contract Types — Pre-configured tick values for MNQ, MGC, MES, MCL, or enter custom values for any instrument
Flexible Stop Loss Placement — Use current or previous candle, choose high/low automatically based on candle direction, or manually select. Add a buffer for extra protection
Entry Options — Calculate from close, open, high, low, or a custom price

What The Table Shows

Contract type and point value
Entry price and stop loss price
Stop loss distance in points
Take profit target based on your R:R
Risk per contract
Number of contracts to trade (highlighted)
Actual dollar risk with calculated position size
Target profit at your R:R

Best Used For
Futures day traders who size positions based on a fixed dollar risk and want quick, accurate contract calculations without cluttering the chart.