Position Sizing Calculator (Real-Time)█ SUMMARY
The following indicator is a Position Sizing Calculator based on Average True Range (ATR), originally developed by market technician J. Welles Wilder Jr., intended for real-time trading.
This script utilizes the user's account size, acceptable risk percentage, and a stop-loss distance based on ATR to dynamically calculate the appropriate position size for each trade in real time.
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Developed for use on the 5-minute timeframe, this script provides traders with continuously updated, dynamic position sizes. It enables traders to instantly determine the exact number of shares and dollar amount to use for entering a trade within their acceptable risk tolerance whenever a trade opportunity arises.
This real-time position sizing tool helps traders make well-informed decisions when planning trade entries and calculating maximum stop-loss levels, ultimately enhancing risk management.
█ USER INPUTS
Trading Account Size: Total dollar value of the user's trading account.
Acceptable Risk (%): Maximum percentage of the trading account that the user is willing to risk per trade.
ATR Multiplier for Stop-Loss: Multiplier used to determine the distance of the stop-loss from the current price, based on the ATR value.
ATR Length: The length of the lookback period used to calculate the ATR value.
Positionsizecalculator
Equity Trade Risk ManagerEquity Trade Risk Manager is a simple indicator that helps you protect your portfolio by going into each trade risk first !
Equity Trade Risk Manager does this by calculating your ideal position size or ideal stop loss based on your account size, purchase price and risk tolerance. This ensures you are never risking more than your predetermined amount on each trade.
Unlike most position size calculators, that will only tell traders how many shares to purchase, Equity Trade Risk Manger allows the trader to choose whether they want to calculate the ideal number of shares to purchase or where to set the trades stop loss based on the number of shares owned. Not only that, but knowing traders need to act fast, the indicator also gives the option to quickly use the current price and low of the day as an entry and stop. Lastly, your stop loss will be plotted onto the chart for a visual aid.
Features:
Dynamic Risk Settings:
Account Customization: Input your account size to get metrics tailored to you.
Calculation Choices: Decide if you want the tool to calculate the number of shares you should buy or where to set your stop-loss.
Custom Risk Parameters: Use preset risk percentages or set your own to match your comfort level.
Price Point Flexibility:
Enter your entry and stop price or opt to use the current price and the low of the day.
Interactive Display Settings:
Customizable Interface: Adjust table positions, text size, and color schemes to match your trading dashboard aesthetic.
On-Chart Stop-Loss Indication: Visualize your stop loss on the chart itself.
Get a snapshot of your dollar risk, position size, shares to buy, and stop-loss.
Trade size calculatorThis script will calculate recommended Trade Size based on your Risk appetite, Trading style and Current market volatility. Once you input “ RiskPerTrade ” amount, It automatically adjusts recommended Trade Size for changes in markets behavior. You have an option to select “ Long Term ”, “ Short Term ” & “ Intraday ” as your Trade Type. Your Rec Size (Trade Size) will be calculated and printed on you chart.
How it works:
It calculates recommended trade size using your accepted risk ( RiskPerTrade input) and instruments current average price range.
It uses different multipliers to adjust the trade size based on your Trade Type .
Intraday trades are assumed to be closed within the same trading session and therefore will have the highest recommended size.
Short Term trades assume the overnight risk added to the positions and recommend a lower size.
Long Term trades assume overnight & weekend risk added to the position and therefore recommend the smallest size.
Your Trade Size is the key to Risk Management. This Indicator is simple but powerful when used with a good Portfolio Management Strategy. Just add the indicator to your chart and configure its inputs as per your trade plan.
How to configure the Indicator
Input 1 - Add RiskPerTrade amount
Input 2 - Select your Trade Type
Input 3 - Add a negative number in BarsRight to position the label in the desired location of your screen.
Important Display Setting - “ BarsRight ” Input - If you CAN'T SEE the Yellow Label on the chart after you added the indicator, set this number to a large negative no. for example -200 and then adjust the number to get the label positioned where you would like. This happens due to various screen formats and resolutions.
Please note: This indicator is designed for Equities, Stocks or ETFs only. For users in markets not priced in US dollar, make sure your instrument’s price and your RiskPerTrade amount are in the same currency.
Stop loss and position size calculator (ATR)Calculates and plots Stop Loss and Position Size, based on desired ATR factor.
Displays Stop Loss Price, SL Distance Percent and Position Size overlayed in the chart and plots a stop loss line.
Additionally Stop Loss, ATR, SL Distance and Position Size are also displayed in the Data Window.
Available settings:
Trade - long / short
ATR timeframe - Allows to use ATR based on different timeframe than the current chart.
ATR factor - Stop Loss will be calculated by multiplying ATR with this factor.
Show last - Amount of previous stop loss lines to plot
Line Offset - Positions previous sl calculation under/above current price.
Calculation Offset - Displays calculation based on price action of previous bar(s).
Label Display Distance - Defines position of label relative to current bar.
Risk - Amount you are going to risk if stop loss is hit.
Forex Risk CalculatorForex Risk Calculator 's logical is bring the differential between Entry price and Stoploss price, your acceptable risk and your account size to calculate the loss size first then convert to the 'Lot size' and have another feature like auto scale static target calculate by your loss size with RRR (Risk Reward Ratio). Give you to get easier to manage your orders.
Key Features:
📈 Real-time Risk Assessment: Enter the amount you are willing to risk, and Forex Risk Calculator will calculate the appropriate position size for your trade in real-time.
🎯 Target Lines and Static Target Prices based on RRR: Set your desired Risk-Reward Ratio (RRR), and let Forex Risk Calculator auto-generate target prices according to your RRR. Additionally, place target lines to visualize the expected profit if the price hits that line.
⚙️ Customizable Parameters: Adjust risk percentage, RRR, and other parameters to tailor the tool to your trading strategy.
👁️ User-Friendly Interface: Forex Risk Calculator features an easy-to-use and intuitive interface for both beginners and seasoned traders.
Usage:
Step 1: Place your entry price
Step 2: Place your stoploss price
Step 3: Place your target price
Step 4: Confirm your account detail
Step 5: Bring the 'Lot size' to use
Parameter:
Initial account size
Risk percent
Entry price
Stop price
Target price
Show your target price
Show static target prices
Number of your static target prices
Table position
Text size
Background color
Text color
Border color
Output:
Chart
Entry price line
Stop loss price line (loss in USD)
Target price line (profit in USD)
Table
Account size
Risk percent
Entry price
Stoploss price
Lot size
Crypto Risk CalculatorCrypto Risk Calculator 's logical is bring the differential between Entry price and Stoploss price, your acceptable risk and your account size to calculate the loss size first then convert to the 'Amount coins' and have another feature like auto scale static target calculate by your loss size with RRR (Risk Reward Ratio). Give you to get easier to manage your orders. *** Create to use for Cryptocurrencies Future market ***
Key Features:
📈 Real-time Risk Assessment: Enter the amount you are willing to risk, and Crypto Risk Calculator will calculate the appropriate position size for your futures trade in real-time.
🎯 Target Lines and Static Target Prices based on RRR: Set your desired Risk-Reward Ratio (RRR), and let Crypto Risk Calculator auto-generate target prices according to your RRR. Additionally, place target lines to visualize the expected profit if the price hits that line.
⚙️ Customizable Parameters: Adjust risk percentage, RRR, and other parameters to tailor the tool to your trading strategy.
👁️ User-Friendly Interface: Crypto Risk Calculator features an easy-to-use and intuitive interface for both beginners and seasoned traders.
Usage:
Step 1: Place your entry price
Step 2: Place your stop loss price
Step 3: Place your target price
Step 4: Confirm your account detail
Step 5: Bring the 'Amount coins' to use
Parameter:
Initial account size
Risk percent
Leverage
Entry price
Stop price
Target price
Show your target price
Show static target prices
Number of your static target prices
Table position
Text size
Background color
Text color
Border color
Data output:
Chart
Entry price line
Stop loss price line (loss in base unit currency)
Target price line (profit in base unit currency)
Table
Account size
Risk percent
Leverage
Margin
Entry price
Stoploss price
Amounts coin
Commission-aware Trade LabelsCommission-aware Trade Labels
Description:
This library provides an easy way to visualize take-profit and stop-loss levels on your chart, taking into account trading commissions. The library calculates and displays the net profit or loss, along with other useful information such as risk/reward ratio, shares, and position size.
Features:
Configurable take-profit and stop-loss prices or percentages.
Set entry amount or shares.
Calculates and displays the risk/reward ratio.
Shows net profit or loss, considering trading commissions.
Customizable label appearance.
Usage:
Add the script to your chart.
Create an Order object for take-profit and stop-loss with desired configurations.
Call target_label() and stop_label() methods for each order object.
Example:
target_order = Order.new(take_profit_price=27483, stop_loss_price=28000, shares=0.2)
stop_order = Order.new(stop_loss_price=29000, shares=1)
target_order.target_label()
stop_order.stop_label()
This script is a powerful tool for visualizing your trading strategy's performance and helps you make better-informed decisions by considering trading commissions in your profit and loss calculations.
Library "tradelabels"
entry_price(this)
Parameters:
this : Order object
@return entry_price
take_profit_price(this)
Parameters:
this : Order object
@return take_profit_price
stop_loss_price(this)
Parameters:
this : Order object
@return stop_loss_price
is_long(this)
Parameters:
this : Order object
@return entry_price
is_short(this)
Parameters:
this : Order object
@return entry_price
percent_to_target(this, target)
Parameters:
this : Order object
target : Target price
@return percent
risk_reward(this)
Parameters:
this : Order object
@return risk_reward_ratio
shares(this)
Parameters:
this : Order object
@return shares
position_size(this)
Parameters:
this : Order object
@return position_size
commission_cost(this, target_price)
Parameters:
this : Order object
@return commission_cost
target_price
net_result(this, target_price)
Parameters:
this : Order object
target_price : The target price to calculate net result for (either take_profit_price or stop_loss_price)
@return net_result
create_take_profit_label(this, prefix, size, offset_x, bg_color, text_color)
Parameters:
this
prefix
size
offset_x
bg_color
text_color
create_stop_loss_label(this, prefix, size, offset_x, bg_color, text_color)
Parameters:
this
prefix
size
offset_x
bg_color
text_color
create_entry_label(this, prefix, size, offset_x, bg_color, text_color)
Parameters:
this
prefix
size
offset_x
bg_color
text_color
create_line(this, target_price, line_color, offset_x, line_style, line_width, draw_entry_line)
Parameters:
this
target_price
line_color
offset_x
line_style
line_width
draw_entry_line
Order
Order
Fields:
entry_price : Entry price
stop_loss_price : Stop loss price
stop_loss_percent : Stop loss percent, default 2%
take_profit_price : Take profit price
take_profit_percent : Take profit percent, default 6%
entry_amount : Entry amount, default 5000$
shares : Shares
commission : Commission, default 0.04%
Position -/ lot size calculator - SonarlabCalculating a lot size in MetaTrader is normally not a quick task, but it is a very important one.
MetaTrader doesn't offer a fast way to calculate the position size, so, usually, a trader needs to manually perform several calculations.
When you are submitting an order, you are already supposed to know and type in the lot size for the trade. It can be frustrating to calculate - that's why we made this tool to speed up the process a little. Now you can also see your P/L live and calculate the lot size within seconds straight from Tradingview.
Usage:
Step 1: Set your entry price
Step 2: Set your stop loss
Step 3: Set your Target
Step 4: Choose the symbol, forex will be automatically detected
Step 5: Fill in your balance and set your risk settings
Parameters
- Set symbol: Forex (auto detection), US100, US30, BTC, XAUUSD, NGAS, XBRUSD, XTIUSD, AUS200, US500
- Account balance
- Risk in %
- Contract size
- Levels: Stop loss, Entry, Target 1, Target 2, Target 3
- Display settings for the Trading Panel
Trading panel
- Show Live P/L
- Show Risk to reward
- Show lot size
- Show risk in %
- Show account balance
- Show money at risk (no commissions included)
Forex Lot Size Calculator [AKCHOOO]Forex Lot Size Calculator based off stop loss (ticks), also shows the lot size needed for taking partials (based of % of trade to close partial position).
credits
inspired by @DewMic
adapted from @hanabil
Ultimate risk management toolHow to use:
Use the cursor to select the time, entry, stop loss, and target position. Then a window will pop up and type the trading fee or any other things you want to adjust to calculate the actual reward/risk ratio according to the price you selected.
Known error:
Settings of this script can't be saved as default might due to the interactive price selection function. If anyone knows how to fix it, please let me know.
feature:
1. Dynamic profit label can move up and down vertically on the right-hand side of the box.
2. The breakeven line can tell you you can move your stop loss to the entry price when the price reaches it.
3. Calculate the actual reward/risk ratio based on the trading fee. The calculator only calculates the actual Risk/Reward Ratio, which might be helpful for scalpers.
4. When the price touches sl or tp, that side of the box will be highlighted. Sometimes it doesn't work but I will try my best to fix it. Feel free to share your idea to help me to fix it.
5. Price alert. This tool compares with the alert function but reopens it if you want to change the alert price.
ATR SL + Position Size Calculator [DoctaBot]Props to @Veryfid for his original script 'ATR Stop Loss Finder'.
The concept is simple. We use the average true range to determine an appropriate stop loss distance based on recent volatility. The original script calculated the stop loss offset from the current candle's high or low. Here, I've added the option to offset stop loss from the recent local low or local high (a better way in my opinion).
I have also added a feature to automatically calculate position size by either dollar amount or as a percent of your account size to suit your risk profile (percent of account at risk per trade). This calculator supports use of leverage to calculate the amount of margin required to open desired position size.
Position & Lot Size CalculatorBuilt with love "Position & Lot Size Calculator"
This indiator will help you to calculate your position size for managing the risk
Features :
1. Click-able Price Entry & SL (Easier Interface)
How to use it :
1. After add the indicator, set the Entry & SL Price with click price line in the chart
2. Set the risk and another parameter
Regards,
Hanabil
ATR Position Size AutomationAll you have to fill out is your account balance, the % amount of your account you want to risk, and the percentage of ATR you want calculated. If you have 100% it will do a full ATR calculation. So if the ATR is $2 then your risk per share would be $2. If you had 50% in the same example it would be risking $1 per share.
You can also customize what time frame you want the ATR to be calculating off of. Just be aware the calculation will only be right if you are showing a lower time frame on your chart then the one selected on the indicator. (If you are calculating a daily dont be on a weekly chart. You have to be on a Daily or lower)
You can select what boxes you want displayed and if you want the ATR lines on the chart.
Risk Reward Position Size CalculatorThis can be used for Stocks or Options
This is a position size calculator. You must enter your Account size, Risk %, Entry, Stop, and Target. Then it will calculate your Max Position size, Risk Reward, Dollar gain and more.
It is completely customizable so you can change what you want the table to be showing.
It also can plot your entry, stop and target that you enter into the settings.
Position Size CalculatorPosition size calculator!
Lotsize is calculated by using properties described below.
Properties:
- Show position size: Will only be visible on 5m - 15m - 60m chart
- Account Currency:
- Account Size: Between 0 and 10 000 000 units of currency
- Risk: Between 0 and 100%
- Stoploss: Between 0 and 200 pips
- Textcolor
- Contract sizes for different assets:
- Indices: SPXUSD, DE30, NAS100, US30
- Bonds: ZB, ZN, ZF
- Gold: XAUUSD
- Oil: XTIUSD
- Currency futures: 6A, 6B, 6C, 6E, 6J, 6N, 6S
Other symbols can be added by request.
Enjoy!
Trade Helper [Trading Nerd]Position Size Calculator / Lot Size Calculator
Disclaimer: I do my best to avoid wrong calculations and bugs. I provide this indicator without warranties of any kind. You bear all risks associated with the use of this indicator.
Inputs:
Market: Adds a name tag to the Table to keep track of the trades.
Entry Price: The entry Price of the Position.
Entry Time: The entry Time/Candle of the Position. If Stop Loss Type is 'ATR' or 'HH/LL' the Value for this is calculated by this Candle.
Stop Loss Type: Changes the Stop Loss Type.
Direction: Define if the trade direction is 'Long' or 'Short'. Has no effect on Stop Loss Type 'Custom'. For this you can just set the Stop Loss below/above the Entry Price .
ATR Multiplier: Multiplies the ATR Value by this number. Has only an effect on Stop Loss Type 'ATR'.
HH/LL Lookback Length: Lookback length for determine Highest High/Lowest Low value. Has only an effect on Stop Loss Type 'HH/LL'.
Custom SL Price: The Stop Loss Price if the Stop Loss Type is set to 'Custom'.
Risk Reward Ratio: The Risk is multiplied by this number to determine the Take Profit Price.
Balance: Balance Amount and Currency
Contract Size: The Position Size is divided by this number. E.G. in Forex one Lot is 100.000 Contracts. Change this Value depending on your Broker and Market.
Risk in %: Percent that is risked of the Balance for one Trade.
Position Size By Risk For Bar SizeThis simple script provides a way of calculating position size on a bar by bar basis for a fixed risk amount.
If you are trading a fixed risk amount (e.g. $100) per trade and your Entry and Stop is defined by a specific bar on the chart (any resolution e.g. 15 min, 5 min, 2 min etc) then this indicator will show you the position size you can take.
The user configures the risk amount per trade in the setting for the indicator, the default is 100 (e.g. $100).
It calculates each bar size (high - low) for the resolution of the chart that is being viewed.
The position size = (risk amount) / (bar size).
It then displays a "." (dot) for each bar and to see the position size hover your mouse over this dot .
The pane for this indicator can be set to the top of the chart by using the "Move pane up" option on the chart so that the indicator is easily accessible and discrete at the top of the chart.
Also, there is an option to use this indicator as a substitute for the built-in volume display.
Market Swiss KnifeSimple script, helpful to analyse the current conditions of the market and make your own decisions. It's not a signal indicator
* Shows an EMA to help you identify the trend
* Uses the ATR to plot two lines below (current low + ATR) and above (current high - ATR) the current candle. Useful to see whether the market is overextended or find possible targets
* Plots a vertical line showing NY, Tokyo and London session opens
* Includes a position size calculator to calculate your desired lot size (works in forex and gold)
Forex Position Size CalculatorPosition size calculator for FOREX only!
Lotsize is calculated by using properties described below.
Properties:
- Show position size: Will only be visible on 5m - 15m - 60m chart
- Account Currency:
- Account Size: Between 0 and 10 000 000 units of currency
- Risk: Between 0 and 100%
- Stoploss: Between 0 and 200 pips
- Textcolor