OPEN-SOURCE SCRIPT
Position Size Calculator ATR
Updated
This tool calculates your position size based on the ATR.
Caution: You MUST convert the capital amount into the same currency as the instrument you are trading before inputting it into the calculator.
Ex) Assume your capital is in USD...
Ex) GBP/JPY >>> So convert 10,000 USD capital into JPY.
Ex) BTC/USD >>> No conversion necessary.
Ex) Apple stock traded on US stock exchange; AAPL/USD >>> Capital must be in USD; thus, no conversion necessary.
Ex) WTI Oil/USD >>> Capital is already in USD, no conversion necessary.
Hopefully this helps, if your confused about the conversion process, message me or comment below.
Feel free to follow me, and happy trading guys!
Caution: You MUST convert the capital amount into the same currency as the instrument you are trading before inputting it into the calculator.
Ex) Assume your capital is in USD...
Ex) GBP/JPY >>> So convert 10,000 USD capital into JPY.
Ex) BTC/USD >>> No conversion necessary.
Ex) Apple stock traded on US stock exchange; AAPL/USD >>> Capital must be in USD; thus, no conversion necessary.
Ex) WTI Oil/USD >>> Capital is already in USD, no conversion necessary.
Hopefully this helps, if your confused about the conversion process, message me or comment below.
Feel free to follow me, and happy trading guys!
Release Notes
Calculation is now rounded to the nearest unit. (Ex: 89 instead of 89.01)Release Notes
Short title change from Pos Size to PSC.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 publication is governed by House rules. You can favorite it to use it on a chart.
Want to use this script 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.