Script to use for position sizing based on portfolio size, max position, and max loss inputs. The option to use custom entry and stop are available, but default to last price for entry, and Low of Day (LoD) for stop. The ATR % is a measure of the low of day to current price as a percentage move.
Credit to LonesomeTheBlue for the base code on position sizing and TheScrutiniser/GlinckEastwoot for ADR formula
Hi. Thanks for the Indicator. It has all the info that I need to size a trade properly. Would it be possible to add edits for the Text size and window color? Thanks again, Jim
kurp
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Pretty good script but it needs a bit of work as RiskPerTrade has almost no impact on the risk per trade...
JTips
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Have you found a way to scan for stocks using ADR% on this site?
Nelgoth
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@JTips, yes, use Volatility Monthly, it's not perfect, but gets you close.
Would it be possible to add edits for the Text size and window color?
Thanks again,
Jim