Position Sizing — Indicator by LonesomeTheBlue

trendanalysis positionsizing positionsize lonesometheblue

Hello All,

This script can be used for Position Sizing.

After you entered Capital you have, how much you can Risk per Trade, Profit and Stoploss Levels, it calculates Number of Buys/Sells, Position Size and Reward/Risk ratio. you need to choose one of "Long" or "Short" position you will take.

Number of Buys formula = Capital * RiskPerTrade / Loss

Position Size = NumberOfBuys * EntryPrice

Reward / Risk rate = (TargetPrice - EntryPrice) / (EntryPrice - StoplossPrice)

Enjoy!

Release Notes:

fixed

Release Notes:

Added "Use Decimal" option for the securities which you can buy less than 1 of it, such btc, eth etc. so if you need decimals, enable "Use Decimal"

Release Notes:

fixed: even if the risk per trade is higher than enough, Position Size should not be higher than the Capital.

www.youtube.com/@lonesometheblue/videos

Open-source script

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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