OPEN-SOURCE SCRIPT
Risk Management
◼ Turtle Trading Risk Management
This script helps you size your position and manage your risk, using volatility, based on Turtle Trading Strategy.
If volatility is high, size will be smaller, if volatility is low, size will be larger.
It uses N=20 days, daily ATR (customisable), to calculate volatility.
If the account is in drawdown, reduces risk amount as per Turtle Trading rules.
You can display the full table, or a smaller compact table
This script helps you size your position and manage your risk, using volatility, based on Turtle Trading Strategy.
If volatility is high, size will be smaller, if volatility is low, size will be larger.
It uses N=20 days, daily ATR (customisable), to calculate volatility.
If the account is in drawdown, reduces risk amount as per Turtle Trading rules.
You can display the full table, or a smaller compact table
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.