stelaraX - Risk Calculator

stelaraX – Risk Calculator

stelaraX – Risk Calculator is a trade planning and risk management indicator that visualizes entry, stop loss, and up to three take profit levels directly on the chart. The script calculates risk amount and position size based on account size and risk percentage, and it supports both long and short trade scenarios.

For advanced AI-based chart analysis and automated trade planning tools, visit stelarax.com


Core logic

The indicator uses a manual signal lock to fix a trade setup:

* enable the signal lock
* input the entry price
* input the stop loss price
* select trade direction (Long or Short)

The script validates the trade direction:

* for Long, stop loss must be below entry
* for Short, stop loss must be above entry

Risk is calculated using account size and risk percentage:

* risk amount in currency is computed from account size and risk percent
* position size is derived from risk amount divided by the stop loss distance

Take profit levels are calculated using risk-to-reward multiples:

* TP1, TP2, TP3 can be enabled or disabled independently
* each TP level is calculated as a multiple of the stop loss distance based on the selected R:R value


Visualization

When the signal is active and valid, the indicator draws:

* entry line with price label
* stop loss line with risk amount label
* up to three take profit lines with R-multiple, price, and projected profit labels
* optional risk zone box between entry and stop loss
* optional info panel summarizing the full trade setup

Line length and display elements can be configured.


Alerts

Alert conditions are available for:

* entry level reached
* TP1 reached
* TP2 reached
* TP3 reached
* stop loss reached

Visual markers can also be displayed when any level is hit.


Use case

This indicator is intended for:

* fixed trade planning with manual entry and stop levels
* position sizing based on account risk
* defining multiple take profit targets using R:R
* visualizing risk and reward directly on the chart
* creating alert-based trade management workflows

For a fully automated AI-driven chart analysis solution, additional tools and insights are available at stelarax.com


Disclaimer

This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.