Position Sizing

Hello All,

This script can be used for Position Sizing.

After you entered Capital you have, how much you can Risk per Trade, Profit and Stoploss Levels, it calculates Number of Buys/Sells, Position Size and Reward/Risk ratio. you need to choose one of "Long" or "Short" position you will take.

Number of Buys formula = Capital * RiskPerTrade / Loss

Position Size = NumberOfBuys * EntryPrice

Reward / Risk rate = (TargetPrice - EntryPrice) / (EntryPrice - StoplossPrice)

Enjoy!

릴리즈 노트

fixed

릴리즈 노트

Added "Use Decimal" option for the securities which you can buy less than 1 of it, such btc, eth etc. so if you need decimals, enable "Use Decimal"

릴리즈 노트

fixed: even if the risk per trade is higher than enough, Position Size should not be higher than the Capital.

오픈 소스 스크립트

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.