OPEN-SOURCE SCRIPT

Position Sizing

ATR based position sizing calculator that takes into account the capital, risk percentage and commissions to be paid. Color changes to green as the affordable position size significantly increases relative to recent history.
Average True Range (ATR)positionSIZE

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.

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