OPEN-SOURCE SCRIPT
Leverage and contracts tool
This script is more like a tool than an indicator.
The script determinates the amount of contracts and the leverage needed to do one trade.
You must specify the following parameters:
No matter what side of operation is, it works in both ways (short and long).
To determine the levels could be useful use the short-long position tool of TradingView.
The script determinates the amount of contracts and the leverage needed to do one trade.
You must specify the following parameters:
- Entry price
- Stop Loss price
- Stop Loss risk. It's the capital that you will loss if the price hit the SL price.
- Operation equity. It's the whole capital involved in the operation.
No matter what side of operation is, it works in both ways (short and long).
To determine the levels could be useful use the short-long position tool of TradingView.
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.
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
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.
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.