OPEN-SOURCE SCRIPT
positionsize calculator
Updated
How to use:
Use the cursor to select the time, entry, stop loss, and target position. Enter the trading fee to calculate the reward/risk ratio and the actual reward/risk ratio (including the commission) according to the price you selected.
Known error:
Settings of this script can't be saved as default might due to the interactive price selection function. If anyone knows how to fix it, please let me know.
feature:
The visual Risk/Reward box, have three price labels on the right hand of the box.
Calculate the actual reward/risk ratio based on the trading fee.
The visual Risk/Reward box will extend automatically.
https://www.tradingview.com/x/y44RXuZZ/
https://www.tradingview.com/x/jvLOvAFv/
Use the cursor to select the time, entry, stop loss, and target position. Enter the trading fee to calculate the reward/risk ratio and the actual reward/risk ratio (including the commission) according to the price you selected.
Known error:
Settings of this script can't be saved as default might due to the interactive price selection function. If anyone knows how to fix it, please let me know.
feature:
The visual Risk/Reward box, have three price labels on the right hand of the box.
Calculate the actual reward/risk ratio based on the trading fee.
The visual Risk/Reward box will extend automatically.
https://www.tradingview.com/x/y44RXuZZ/
https://www.tradingview.com/x/jvLOvAFv/
Release Notes
Add a breakeven line. When the price hit this line, you can move your stop loss to your entry price.Release Notes
Fixed the breakeven line code. The previous one can cause the script not workingRelease Notes
Revised the calculation about the actual risk/rewardRelease Notes
Added alert option. Note that you have to open new alerts every time you enter a new trade and close them after the trade is finished.Added the risk/reward lost percent function based on the trading fee.
Release Notes
Added the English version. You can change it to English version by replacing the code I provided.Release Notes
Fixed Algorithm of calculating position size and actual reward/risk again. Now your position size will be calculated based on the risk per trade, taker and maker fee.Release Notes
Added a couple of simple calculations that could help you determine how much Leverage should use and the lowest win rate required. All the calculation includes the trading fee.Added Break even label.
Release Notes
Added two features.1. improve the box visual quality.
2. Now you can see the profit you get from the table in real time.
Release Notes
Minor adjustRelease Notes
Changed some translated words.Release Notes
Change the algorithm of breakeven and added target2 option.Release Notes
fixed the algorithmRelease Notes
fixed bugRelease Notes
fixed bugOpen-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.
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.