OPEN-SOURCE SCRIPT
Updated AJ's Position Size Calculator for Forex and Stocks
This position size/ stop loss and take profit calculator is designed to make entering positions more efficient. In the settings enter your account size and currency. Stop loss and profit levels can be calculated from the ATR or manually. To manually choose stop and profit price, choose manual from the SL or TP Value Type, then enter your price in the boxes below. Lot size or shares will be calculated and displayed on the table to the right of the chart. Position size calculation takes into account any currency exchange rates between your account currency and the quoted currency of the selected ticker. For forex lot sizes the exchange rate for the quoted currency relative to account currency is also built in to get an accurate position size. Enter your brokers leverage and your used margin will be displayed as well. The position size calculator is currently only configured for stocks and forex, I will try to add updates, in the future to other tickers like crypto , precious metals and crude oil CFD's. profit target and stop loss calculator should work for all symbols. I can't guarantee that the output of this calculator is correct. Use at your own risk!
Release Notes
Added an option to calculate between real-time price or last candle close.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.