Risk Managemet Tool

This indicator is fore better Risk Management and Better Execution .
More in depth this indicator provides with the required quantity that must be bought in
order for the risk of the position to be the one that the trader has set .
The value in the Stop Loss input is simply , so that the program could calculate the amount of the Tokens that must be bought and the risk that your position has with the token quantity of 1,without the final amount of tokens needed so that you would risk x amount .
As you have understood so on the Risk Amount input you type the amount that you want to risk and based on the two factors above Stop Loss and Risk Amount the Final Quantity can be calculated .

The rest of the data are simply for the boxed features , color etc . (Please note that i am still working on this project and some features may not be operative yet)

REASON FOR THE CREATION
The reason that i have built this type of indicator is because many traders and especially scalpers like myself , find more usefull to do thier trading in a single tab . Me perosnally i was getting frustrated that i needed to adjust always the quantity and then needing to hover my mouse over the SL order to se how much i risk and not being writen or view live my risk , while price develops.
Also i was not able to remain on the same tab with my exchange due to indicators output difference . By that i simply mean that RSI output is different from the Exchange RSI output because I have adjust the options from my trading and so far i think that it would better to change RSI options and make them same , simply because the exchange does not support such an option.
So simply put i created a indicator that at least it can calculate the amount of Tokens required for a scalper to risk what it has set to and still be able to review , overview it and adjust on the same tab , on the same chart on the same exchange .
Here on trading view .


I hope this simple tool helps somehow to improve scalpers and other type of traders performance .
1 minute ago
Release Notes
This indicator is fore better Risk Management and Better Execution .
More in depth this indicator provides with the required quantity that must be bought in
order for the risk of the position to be the one that the trader has set .
The value in the Stop Loss input is simply , so that the program could calculate the amount of the Tokens that must be bought and the risk that your position has with the token quantity of 1,without the final amount of tokens needed so that you would risk x amount .
As you have understood so on the Risk Amount input you type the amount that you want to risk and based on the two factors above Stop Loss and Risk Amount the Final Quantity can be calculated .

The rest of the data are simply for the boxed features , color etc . (Please note that i am still working on this project and some features may not be operative yet)

REASON FOR THE CREATION
The reason that i have built this type of indicator is because many traders and especially scalpers like myself , find more usefull to do thier trading in a single tab . Me perosnally i was getting frustrated that i needed to adjust always the quantity and then needing to hover my mouse over the SL order to se how much i risk and not being writen or view live my risk , while price develops.
Also i was not able to remain on the same tab with my exchange due to indicators output difference . By that i simply mean that RSI output is different from the Exchange RSI output because I have adjust the options from my trading and so far i think that it would better to change RSI options and make them same , simply because the exchange does not support such an option.
So simply put i created a indicator that at least it can calculate the amount of Tokens required for a scalper to risk what it has set to and still be able to review , overview it and adjust on the same tab , on the same chart on the same exchange .
Here on trading view .


I hope this simple tool helps somehow to improve scalpers and other type of traders performance.

(Note that this project is still on work so , some features may not be operative)