[Top] Simple Position + SL Calculator

This indicator is a user-friendly tool designed to help traders easily calculate optimal position sizing, determine suitable stop-loss levels, and quantify maximum potential losses in dollar terms based on their personalized trading parameters.

Key Features:

• Position Size Calculation: Automatically computes the number of shares to purchase based on the trader’s total account size and specified percentage of the account allocated per trade.
  
• Stop-Loss Level: Suggests an appropriate stop-loss price point calculated based on the trader’s defined risk percentage per trade.
  
• Max Loss Visualization: Clearly displays the maximum potential loss (in dollars) should the stop-loss be triggered.
  
• Customizable Interface: Provides the flexibility to place the calculation table in different chart positions (Top Left, Top Right, Bottom Left, Bottom Right) according to user preference.
  

How to Use:

1. Enter your total Account Size.
   
2. Set the desired Position Size as a percentage of your account. (Typically, 1%–5% per trade is recommended for cash accounts.)
   
3. Define the Risk per Trade percentage (commonly between 0.05%–0.5%).
   
4. Choose your preferred Table Position to comfortably integrate with your trading chart.
   

Note:
If you identify a technical support level below the suggested stop-loss point, consider reducing your position size to manage the increased risk effectively.

Keep in mind that the calculations provided by this indicator are based solely on standard industry best practices and the specific inputs entered by you. They do not account for market volatility, news events, or any other factors outside the provided parameters. Always complement this indicator with sound technical and fundamental analysis.