## Overview Trade Assistant is a powerful TradingView Pine Script designed to streamline trading decision-making by providing comprehensive trade management and risk analysis tools. This script helps traders make informed decisions through advanced position sizing, risk management, and visual trade insights.
### 📊 Comprehensive Trade Entry Options - Order type selection: - Market Entry - Limit Entry - Stop Entry - Automatic live price tracking for entry point
### 🛡️ Advanced Stop Loss & Take Profit - Multiple configuration methods: - Pips-based calculation - Percentage-based calculation - Absolute price setting - Flexible stop loss and take profit strategies
### 📈 Position Sizing Calculator - Dynamically calculates optimal position size - Ensures consistent risk management across trades - Adapts to different account sizes and risk tolerances
### 🖥️ Interactive Dashboard - Real-time trade information display - Shows critical trade parameters: - Entry Type - Calculated Position Size - Risk Amount - Stop Loss Details - Take Profit Details
### 🔍 Visual Trade Assistance - Dashed price lines for: - Entry Price - Stop Loss - Take Profit - On-chart debugging labels for detailed trade analysis
## How to Use 1. Set your account balance 2. Choose risk calculation method 3. Define risk percentage 4. Select entry type 5. Configure stop loss and take profit 6. Let the script handle position sizing and visualization
## Best Practices - Always validate calculations with your broker's specifications - Adjust risk parameters to match your trading strategy - Use in conjunction with comprehensive trading plan - Regularly review and optimize risk settings
## Disclaimer - This is a tool for educational purposes - Not financial advice - Always perform your own due diligence - Trading involves significant financial risk
## Version NS Trade Assistant Lite - Initial Release
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.