Position Size Calculator by Dr. Rahul Ware.

11월 12일

Position Size Calculator
The Position Size Calculator script helps traders determine the optimal position size for their trades based on their account balance, risk percentage, and stop loss parameters. It calculates the number of shares to buy and the total position size in INR (Indian Rupees), providing a clear and concise way to manage risk effectively.

Key Features:
Account Balance Input: Specify your account balance in INR to tailor the position size calculations to your specific trading capital.

Risk Percentage Input: Define the percentage of your account balance you are willing to risk on each trade, ensuring you stay within your risk tolerance.

Stop Loss Options: Choose between using a fixed stop loss price or a stop loss percentage to calculate the risk amount per share.

Dynamic Stop Loss Line: The script plots a red dotted line representing the stop loss price on the chart, updating dynamically for the last bar.

Comprehensive Table Display: View key metrics, including account balance, risk percentage, amount at risk, current price, stop loss price, stop loss percentage, position size in INR, and the number of shares to buy, all in a neatly formatted table.

This tool is designed to enhance your trading strategy by providing precise position sizing, helping you manage risk effectively and make informed trading decisions. Use this script to optimize your trade sizes and improve your overall trading performance.