OPEN-SOURCE SCRIPT
Position Size Calculator

Position Size CalculatorRisk Management Made Simple – Size Your Trades Like a Pro!Tired of guessing position sizes and blowing up your account on oversized trades? This Pine Script indicator automates position sizing based on your risk tolerance, ensuring every trade risks only what you've predefined. Perfect for stocks, forex, crypto, or futures—works for long or short setups. Overlay it on your candlestick chart and watch the math do the work.Key Features:Smart Risk Control: Input your account size (e.g., $70k) and risk % (e.g., 1%). It caps your max loss per trade automatically.
Dynamic Entry & Stop: Use live chart close as entry, or click to set a manual entry level (green solid line). For stops, toggle manual placement (red broken line) or use a % distance—auto-calculates the effective % for precision.
Visual Markers: Green line for entry price, red dashed line for stop loss—spans your chart for easy spotting.
Customizable Table: Floating info panel shows Account Size, Risk Amount, Stop Distance %, and Position Size (shares/lots). Drag its position via settings (top-right default).
No More Guesswork: Formula: Position Size = (Account × Risk %) ÷ Stop Distance. Handles edge cases like tiny distances to avoid div-by-zero.
How to Use:Add to your chart via Pine Editor.
In settings: Set account size/risk %. Toggle "Use Manual Entry Price" and click chart to place green line. Do the same for stop (red line) or use % input.
Table updates live—grab the position size and execute!
Pro Tip: For shorts/longs, the abs distance keeps risk symmetric. Test on demo first.
Built for v6—clean, lightweight, and 100% customizable. Share your tweaks in comments! Remember, this is a tool, not advice—trade responsibly. (Inspired by classic Kelly Criterion vibes, but simplified for daily grinders.)
Dynamic Entry & Stop: Use live chart close as entry, or click to set a manual entry level (green solid line). For stops, toggle manual placement (red broken line) or use a % distance—auto-calculates the effective % for precision.
Visual Markers: Green line for entry price, red dashed line for stop loss—spans your chart for easy spotting.
Customizable Table: Floating info panel shows Account Size, Risk Amount, Stop Distance %, and Position Size (shares/lots). Drag its position via settings (top-right default).
No More Guesswork: Formula: Position Size = (Account × Risk %) ÷ Stop Distance. Handles edge cases like tiny distances to avoid div-by-zero.
How to Use:Add to your chart via Pine Editor.
In settings: Set account size/risk %. Toggle "Use Manual Entry Price" and click chart to place green line. Do the same for stop (red line) or use % input.
Table updates live—grab the position size and execute!
Pro Tip: For shorts/longs, the abs distance keeps risk symmetric. Test on demo first.
Built for v6—clean, lightweight, and 100% customizable. Share your tweaks in comments! Remember, this is a tool, not advice—trade responsibly. (Inspired by classic Kelly Criterion vibes, but simplified for daily grinders.)
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.