OPEN-SOURCE SCRIPT
Position Size Calculator
Position Size CalculatorRisk Management Made Simple – Size Your Trades Like a Pro!Tired of guessing position sizes and blowing up your account on oversized trades? This Pine Script indicator automates position sizing based on your risk tolerance, ensuring every trade risks only what you've predefined. Perfect for stocks, forex, crypto, or futures—works for long or short setups. Overlay it on your candlestick chart and watch the math do the work.Key Features:Smart Risk Control: Input your account size (e.g., $70k) and risk % (e.g., 1%). It caps your max loss per trade automatically.
Dynamic Entry & Stop: Use live chart close as entry, or click to set a manual entry level (green solid line). For stops, toggle manual placement (red broken line) or use a % distance—auto-calculates the effective % for precision.
Visual Markers: Green line for entry price, red dashed line for stop loss—spans your chart for easy spotting.
Customizable Table: Floating info panel shows Account Size, Risk Amount, Stop Distance %, and Position Size (shares/lots). Drag its position via settings (top-right default).
No More Guesswork: Formula: Position Size = (Account × Risk %) ÷ Stop Distance. Handles edge cases like tiny distances to avoid div-by-zero.
How to Use:Add to your chart via Pine Editor.
In settings: Set account size/risk %. Toggle "Use Manual Entry Price" and click chart to place green line. Do the same for stop (red line) or use % input.
Table updates live—grab the position size and execute!
Pro Tip: For shorts/longs, the abs distance keeps risk symmetric. Test on demo first.
Built for v6—clean, lightweight, and 100% customizable. Share your tweaks in comments! Remember, this is a tool, not advice—trade responsibly. (Inspired by classic Kelly Criterion vibes, but simplified for daily grinders.)
Dynamic Entry & Stop: Use live chart close as entry, or click to set a manual entry level (green solid line). For stops, toggle manual placement (red broken line) or use a % distance—auto-calculates the effective % for precision.
Visual Markers: Green line for entry price, red dashed line for stop loss—spans your chart for easy spotting.
Customizable Table: Floating info panel shows Account Size, Risk Amount, Stop Distance %, and Position Size (shares/lots). Drag its position via settings (top-right default).
No More Guesswork: Formula: Position Size = (Account × Risk %) ÷ Stop Distance. Handles edge cases like tiny distances to avoid div-by-zero.
How to Use:Add to your chart via Pine Editor.
In settings: Set account size/risk %. Toggle "Use Manual Entry Price" and click chart to place green line. Do the same for stop (red line) or use % input.
Table updates live—grab the position size and execute!
Pro Tip: For shorts/longs, the abs distance keeps risk symmetric. Test on demo first.
Built for v6—clean, lightweight, and 100% customizable. Share your tweaks in comments! Remember, this is a tool, not advice—trade responsibly. (Inspired by classic Kelly Criterion vibes, but simplified for daily grinders.)
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.