OPEN-SOURCE SCRIPT
Updated Risk sizing tool
Helps you manage risk per trade accurately.
Automatically adjusts position size if the stop-loss or account constraints are exceeded.
Gives a clear visual summary directly on your stock chart.
Prevents taking trades that are too large relative to your account.
Automatically adjusts position size if the stop-loss or account constraints are exceeded.
Gives a clear visual summary directly on your stock chart.
Prevents taking trades that are too large relative to your account.
Release Notes
This Pine Script is a risk management and position sizing tool designed for traders.It helps you calculate:
How many shares to buy
Where your stop loss should be
How much of your account you’re risking
What percentage of your account the trade represents
It’s meant to be an on-chart calculator you can use before or during a trade to ensure consistent, disciplined risk control.
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.
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.
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.