OPEN-SOURCE SCRIPT

Updated

Position calc

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

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.

For quick access on a chart, add this script to your favorites — learn more here.

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.

Open-source script

For quick access on a chart, add this script to your favorites — learn more here.

bunulu