PINE LIBRARY

RiskManager

206
Library "RiskManager"
A library for risk management and position sizing calculations.

calc_position_size(account_size, risk_pct, entry_price, stop_loss)
  Calculates the optimal position size (number of shares/contracts) based on account risk.
  Parameters:
    account_size (simple float): The total account balance in your account currency (simple float).
    risk_pct (simple float): The percentage of the account to risk per trade (simple float, e.g., 1.0 for 1%).
    entry_price (float): The planned entry price for the trade (series float).
    stop_loss (float): The planned stop-loss price for the trade (series float).
  Returns: The calculated position size (series float). Returns 0 if stop loss equals entry price to avoid division by zero.

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