OPEN-SOURCE SCRIPT
Updated Position Size Table
This indicator provides a compact position-sizing and risk-management panel for the current ticker.
Adjustable for any posizion size, defualt - 10k.
It calculates the number of whole shares for 15%, 50%, 85%, and 100% of a configurable account size, together with the actual position exposure after rounding down. It also displays automatic LONG and SHORT stop-loss prices based on a maximum loss limit for the full position.
Using the calculated stop distance, the panel shows LONG and SHORT take-profit levels for 1:1, 1.5:1, and 2:1 reward-to-risk ratios. Calculations update automatically with the current market price, or with a manually entered entry price.
Adjustable for any posizion size, defualt - 10k.
It calculates the number of whole shares for 15%, 50%, 85%, and 100% of a configurable account size, together with the actual position exposure after rounding down. It also displays automatic LONG and SHORT stop-loss prices based on a maximum loss limit for the full position.
Using the calculated stop distance, the panel shows LONG and SHORT take-profit levels for 1:1, 1.5:1, and 2:1 reward-to-risk ratios. Calculations update automatically with the current market price, or with a manually entered entry price.
Release Notes
This indicator provides a compact position-sizing and risk-management panel for the current ticker.It calculates the number of whole shares for 15%, 50%, 85%, and 100% of a configurable account size, together with the actual position exposure after rounding down. It also displays automatic LONG and SHORT stop-loss prices based on a maximum loss limit for the full position.
Using the calculated stop distance, the panel shows LONG and SHORT take-profit levels for 1:1, 1.5:1, and 2:1 reward-to-risk ratios. Calculations update automatically with the current market price, or with a manually entered entry price.
Open-source script
In true PulseWire 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.
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 PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire 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.
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 PulseWire. Read more in the Terms of Use.