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OPEN-SOURCE SCRIPT

Position calc

By bunulu
Updated
Current script was created to help faster calculate possible gain or loss from a furure trade. Making money management a bit simpler, by changing values you can adjust proper trade leverage and see possible target values
Release Notes
Changed shares precision, updated interface
Release Notes
Added Entry price display and adjusted display layout
Release Notes
emoji updated for position size field
Release Notes
Added volatility indicator, giving credits to HomelessLemon for this part from his script.
Added shares input, in case you want to type specific amount of shares for your position, and adjusted calculations accordingly.
Release Notes
Adjusted stop loss text based on short/long positions
Release Notes
Added stop loss field and created optional section for all optional fields. Tooltip info updated as well
Release Notes
- Converted label to table view, for better alignment options.
- Fixed some decimimal calculation
Release Notes
- Added ATR option, changed some fields

How to use this indicator
By default 10k is hardcoded for future trade position. This field can be ignored if you want to open position based on shares or coins amount. Proper position size will be visible in the table. Same rule applied with risk percent which is set by default to 2% and it shows stop loss values for both long and short position. But if it's needed you can put custom stop loss, target values and risk will be calculated accordingly. Keep in mind what current price is used by default to calculate future trade, you can change this in 'Entry price' field.

I also added ATR indicator which can help you to decide which stop/profit values to put for current timeframe. It also has multiplier and other adjustable fields.

There is also sentiment column which can be hidded to save amount of space.
Table position and size can be changed as well.

Enjoy.


Release Notes
- Changed atr logic.
- Added atr loopback period parameter to see how many times for given period atr was crossed.
Release Notes
Added ATR based stop loss amount which is visible on the label
Release Notes
Added posibility to hide table.
Added another type of stop label, now it's a bit smart and tries to adapt direction based on current price and to which part of the atr band it's closer.

Future plans:
Add smart target label
Adjust visual settings
Release Notes
You can use position size calculator in a 2 ways, either rely on the table and you can adjust all values, either you can adjust atr band and rely on the price labels. Soon i will update the readme with more examples
Release Notes
Added small visual adjustments
Release Notes
now manual position reflected on the label as well
Release Notes
bug fixing
Release Notes
bugfixes and cleanup
Release Notes
label text changes
Release Notes
fixed risk reward label value
Release Notes
Label size change added
Release Notes
Converted to v5
Alert added if price touches atr level
calculatormoneymanagementpositionpositionmanagementpositionsizeriskriskrewardTrend Analysis

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.

Want to use this script on a chart?

bunulu

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.