OPEN-SOURCE SCRIPT
Actualizado Position Size Calculator
The Position Size Calculator (PSC) is a comprehensive tool designed to assist traders in managing their trades risk by accurately calculating the optimal position size based on account settings, trade levels, and risk management parameters. This indicator helps traders make informed decisions by providing critical information about potential profit and loss, risk-reward ratio (RRR), and position size (PS).
█ Key Features
• Customizable Account Settings: Define your account size, currency, risk tolerance, and commission structure to personalize the calculations.
• Real-Time Trade Levels: Easily input your entry, stop loss, and take profit prices directly on the chart for immediate calculations.
• Visual Indicators: Clearly see your entry, stop loss, and take profit levels with customizable colors and labels.
• Comprehensive Position Information: View detailed information about your position, including potential profit and loss, risk-reward ratio, and position size.
• Currency Conversion: Automatically convert prices to your account currency, making it easy to manage trades in different markets.
• Hide Metrics: Choose which metrics to display to avoid emotional influence on your trading decisions (e.g., hiding PnL).
█ Conclusion
The Position Size Calculator is an essential tool for traders looking to optimize their trading strategies and manage risk effectively. By providing detailed calculations and visual indicators, this tool helps you make informed decisions, improving your overall trading performance.
█ Important
• Ensure that your stop loss and take profit levels are correctly set relative to your entry price to avoid errors.
• The default commission setting considers both entry and exit commissions. Adjust accordingly if only one commission is applicable.
Consider using this tool to manage every trade risk correctly and prevent significant drawdowns.
Hope you like it. Happy trading!
█ Key Features
• Customizable Account Settings: Define your account size, currency, risk tolerance, and commission structure to personalize the calculations.
• Real-Time Trade Levels: Easily input your entry, stop loss, and take profit prices directly on the chart for immediate calculations.
• Visual Indicators: Clearly see your entry, stop loss, and take profit levels with customizable colors and labels.
• Comprehensive Position Information: View detailed information about your position, including potential profit and loss, risk-reward ratio, and position size.
• Currency Conversion: Automatically convert prices to your account currency, making it easy to manage trades in different markets.
• Hide Metrics: Choose which metrics to display to avoid emotional influence on your trading decisions (e.g., hiding PnL).
█ Conclusion
The Position Size Calculator is an essential tool for traders looking to optimize their trading strategies and manage risk effectively. By providing detailed calculations and visual indicators, this tool helps you make informed decisions, improving your overall trading performance.
█ Important
• Ensure that your stop loss and take profit levels are correctly set relative to your entry price to avoid errors.
• The default commission setting considers both entry and exit commissions. Adjust accordingly if only one commission is applicable.
Consider using this tool to manage every trade risk correctly and prevent significant drawdowns.
Hope you like it. Happy trading!
Notas de prensa
Updates:- Added lot size calculation
- Fixed runtime error for all currency conversions
- Added two RRR calculation methods: “By Profit and Loss” and “By Price Difference”
Notas de prensa
Updates- Fixed lot quantity calculation error
Notas de prensa
Updates:- Fixed position size calculation error
- Deleted entry price conversion
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.