Position Size Tool

Dec 28, 2022

Updated - Version 2

This tool is used to calculate the size of a trade.

Settings - Type in total account size and % of capital that can be risked on each trade.

The table will display:
Column 1 - Stop placement based on low, mid or high value of the current candle.
Column 2 - Percent risk on the trade.
Column 3 - Amount of shares that can be traded (calculated from account size, risk and selected stop placement).

Green color is intended for long position, stop at the low of the candle.
Red color is intended for short position, stop at the high of the candle.
Middle value can shift between either color since its measured from open to close.

Dec 29, 2022

Release Notes

Table size option.

Jan 16, 2023

Release Notes

Added a movable stop line for specific stop placement, can for example be helpful on shorter timeframes or custom values. The line have its own size / risk input which can be accessed from the inputs tab. You can hide the function via the styles tab. Line have two colors, in case above current price will be Green (buy stop order) or below price Red (sell stop order).

Jan 16, 2023

Release Notes

Labels

Jan 20, 2023

Release Notes

Added checkbox for the option to remove the main table information or movable line based on preference. This can be used in case one does not use both functions and want to have more space / clearer information.

Oct 16

Release Notes

Account Input: Account size and risk are now entered in one place.

Table: Added headers and the option to show or hide individual sections to make it more customizable.

Manual Stop Line: You are now prompted to enter an initial value to make the line visible, which can be re-opened from the indicator settings (simply select reset points). This can be helpful when switching between charts and the line falls outside of vision due to the price difference.

Layout: More user friendly settings tab and added some tooltips.

Oct 17

Release Notes

Labels