EMA Distance Risk Manager

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An advanced risk management tool showing distance to the farthest EMA with precise monetary risk calculations and smart position sizing alerts.

🎯 What is EMA Distance Risk Manager?
The EMA Distance Risk Manager is a professional risk management indicator designed for traders who use EMAs as dynamic stop-loss levels. It calculates your exact monetary risk to the farthest EMA and provides intelligent position sizing recommendations.

⚡ Key Features
📊 Smart Risk Calculations

• Measures distance to the farthest of 3 customizable EMAs (default: 8, 13, 21)
  
• Converts distance to precise monetary risk in your account currency
  
• Works with any instrument: Forex (pips), Futures (points/ticks), Stocks (points)
  
• Handles complex futures contracts with automatic tick-to-point conversions
  

🚨 Advanced Risk Alerts

• Visual color-coded warnings when risk exceeds your threshold
  
• Automatic position sizing suggestions (e.g., "Reduce volume to 67% of current")
  
• Customizable risk threshold in currency units (default: $10)
  
• High-visibility alerts are impossible to miss
  

🎛️ Full Customization

• Choose between Real Market Data or Chart Type Data (Heiken Ashi friendly)
  
• 4 table sizes: Tiny, Small, Normal, Large
  
• 9 position options: any corner or center location
  
• Customizable display title and currency formatting
  

🔍 Professional Features

• Shows 1 tick/pip/point value for position sizing calculations
  
• Debug mode displays all EMA values and distances
  
• Works with any chart type: Candles, Heiken Ashi, Line, Renko, Point & Figure
  
• Real-time updates on every bar
  

💡 How It Works

1. EMA Calculation: Uses your choice of chart data or real market data
   
2. Distance Measurement: Finds the EMA farthest from the current price
   
3. Risk Calculation: Converts distance to monetary units using instrument specifications
   
4. Alert System: Warns when risk exceeds your threshold with position sizing advice
   

🎯 Perfect For

• Swing Traders using EMAs as dynamic stop-losses
  
• Risk Managers who need precise monetary risk calculations
  
• Position Sizers requiring exact volume reduction suggestions
  
• Multi-Timeframe Traders managing risk across different instruments
  

⚙️ Settings Overview
EMA Configuration

• 3 customizable EMA periods (default: 8, 13, 21)
  
• Real OHLC vs Chart Type data selection
  
• Show/hide EMA plots (style via TradingView's Style tab)
  

Risk Management

• Risk threshold in currency units
  
• Automatic volume reduction calculations
  
• High-visibility warning system
  

Display Options

• 4 table sizes for different screen setups
  
• 9 positioning options
  
• Custom title and formatting
  
• Debug mode for troubleshooting
  

📈 Use Cases
Example 1: Forex Trading

• EURUSD with a 20-pip distance to the farthest EMA
  
• Risk threshold: $25
  
• Shows: "Risk: $20.00 USD" (✅ Safe to trade)
  

Example 2: Futures Trading

• ES with 15-point distance to the farthest EMA
  
• Risk threshold: $50
  
• Shows: "Risk: $75.00 USD" + "⚠️ Reduce volume to 67% of current"
  

🔧 Installation & Setup

1. Add an indicator to your chart
   
2. Set your risk threshold in currency units
   
3. Adjust EMA periods to match your strategy
   
4. Choose table size and position
   
5. Style EMAs via TradingView's Style tab if desired
   

📊 Works With All Instruments

Forex: Automatic pip calculations
Futures: Point/tick conversions (tested on ES, NQ, GC, etc.)
Stocks: Standard point calculations
Crypto: Precise decimal handling


⚠️ Risk Warning: This indicator is for informational purposes only. Always verify calculations and manage your risk appropriately. Past performance does not guarantee future results.

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Note di rilascio

Release Notes - Version 1.0

🎉 Initial Release
Core Features:
✅ Triple EMA distance calculations with automatic farthest EMA detection
✅ Precise monetary risk calculations for Forex, Futures, and Stocks
✅ Smart position sizing suggestions when risk exceeds threshold
✅ Real-time visual alerts with a high-visibility warning system
✅ Flexible data source: Chart Type vs Real OHLC (Heiken Ashi compatible)
✅ Complete customization: 4 table sizes, 9 positions, custom formatting
✅ Professional debug mode showing all calculations
✅ Universal instrument support with automatic tick/pip/point detection

Technical Highlights:
Advanced futures contract handling with tick-to-point conversions
Smart number formatting (no decimals for round numbers)
Dynamic table sizing based on enabled features
Color-coded risk status with intuitive green/red system
Optimized performance with conditional display logic

This release provides professional-grade risk management tools for serious traders using EMA-based strategies.