OPEN-SOURCE SCRIPT
PJT Position Risk Calculator v2.0 [Auto Signal + R]
PJT Position Calculator v2.0
This tool helps you calculate position size based on risk, using a structured approach aligned with the PJT trading framework.
Features:
• Automatic entry and stop from signal candle
• Risk-based position sizing
• R-multiple target calculation
• Live R tracking
• Optional ATR stop buffer
This is the exact calculator I use to manage risk and stay consistent in the market.
For best results, combine this with the PJT TAZ Core script.
Disclaimer: This tool is for educational purposes only. Not financial advice.
This tool helps you calculate position size based on risk, using a structured approach aligned with the PJT trading framework.
Features:
• Automatic entry and stop from signal candle
• Risk-based position sizing
• R-multiple target calculation
• Live R tracking
• Optional ATR stop buffer
This is the exact calculator I use to manage risk and stay consistent in the market.
For best results, combine this with the PJT TAZ Core script.
Disclaimer: This tool is for educational purposes only. Not financial advice.
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.
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.
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.