Equity Trade Risk Manager
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.
Auto Stops Include
- Low of Day
- Recent Swing Low
- ATR Multiple from Low of Day
Auto stops for shorts include:
- High of Day
- Swing High
- % ATR from High of Day
For manual short entries, enter the number of shares owned as a negative number.
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.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
Declinazione di responsabilità
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.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.