Here is a panel where you enter the desired stop-loss price, the amount you would like to risk and it spits out what you should trade to only lose that amount if the stop-loss is hit.
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.
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