OPEN-SOURCE SCRIPT
Updated PA Helper - Lots calculator
The tool helps you figure out how many units (lots) of a financial instrument you should trade to keep your risk within a specific dollar amount.
It considers the entry price, stop-loss (SL) price, and the amount of money you're willing to risk.
How It Works
To use the indicator you need to select:
- Entry Price: The price at which you plan to enter the trade.
- Stop-Loss Price: The price level where you'll exit the trade to prevent further losses.
Additional parameters:
Risk Amount ($): The maximum amount of money you are willing to risk on this trade.
For a simpler usage, you can add it to Favorites, and always select it from your Indicators drowdown list.
It considers the entry price, stop-loss (SL) price, and the amount of money you're willing to risk.
How It Works
To use the indicator you need to select:
- Entry Price: The price at which you plan to enter the trade.
- Stop-Loss Price: The price level where you'll exit the trade to prevent further losses.
Additional parameters:
Risk Amount ($): The maximum amount of money you are willing to risk on this trade.
For a simpler usage, you can add it to Favorites, and always select it from your Indicators drowdown list.
Release Notes
Custom RR for TP visualizationRelease Notes
Chart sample updateRelease Notes
Adding hardcoded points-to-pips multiplierOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Privately maintained PA Helper indicator:
tradingview.com/script/YXOUXW17-PAH/
Join Discord group for Q&A, support, requests, suggestions and/or general trading discussions:
discord.gg/CKuzmFaTKs
tradingview.com/script/YXOUXW17-PAH/
Join Discord group for Q&A, support, requests, suggestions and/or general trading discussions:
discord.gg/CKuzmFaTKs
Disclaimer
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Privately maintained PA Helper indicator:
tradingview.com/script/YXOUXW17-PAH/
Join Discord group for Q&A, support, requests, suggestions and/or general trading discussions:
discord.gg/CKuzmFaTKs
tradingview.com/script/YXOUXW17-PAH/
Join Discord group for Q&A, support, requests, suggestions and/or general trading discussions:
discord.gg/CKuzmFaTKs
Disclaimer
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.