OPEN-SOURCE SCRIPT
VASA Position Size & ATR Stop vF
Most blown accounts come down to one thing: size, not signal. This tool does the math the pros do before every trade. Tell it your account size and how much you're willing to risk on the trade (1% is a sane default), and it places a stop a set number of ATRs away, then tells you exactly how many units that risk budget allows.
What it does: • ATR-based stop distance, long or short • Position size from your account size and risk % • On-chart table: entry, stop, stop distance, dollar risk, units • Entry and stop lines drawn on the chart • No signals, nothing to repaint — it's a calculator
How to use: set your account size and risk % once. Pick your entry (defaults to the current close, or type one in). Read the position size off the table and use it. The idea is boring on purpose — fixed fractional risk is how you survive a losing streak long enough for your edge to show up. Plan from a closed bar so the ATR reading is settled.
Educational only — not financial advice. Position sizing does not remove market risk. Trading involves substantial risk of loss.
What it does: • ATR-based stop distance, long or short • Position size from your account size and risk % • On-chart table: entry, stop, stop distance, dollar risk, units • Entry and stop lines drawn on the chart • No signals, nothing to repaint — it's a calculator
How to use: set your account size and risk % once. Pick your entry (defaults to the current close, or type one in). Read the position size off the table and use it. The idea is boring on purpose — fixed fractional risk is how you survive a losing streak long enough for your edge to show up. Plan from a closed bar so the ATR reading is settled.
Educational only — not financial advice. Position sizing does not remove market risk. Trading involves substantial risk of loss.
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.
VASA Trend AI — honest, non-repainting indicators. Free tools + the paid signal suite: vasatraders.com/indicators/?utm_source=tradingview&utm_medium=signature
— Educational only, not financial advice.
— Educational only, not financial advice.
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.
VASA Trend AI — honest, non-repainting indicators. Free tools + the paid signal suite: vasatraders.com/indicators/?utm_source=tradingview&utm_medium=signature
— Educational only, not financial advice.
— Educational only, not financial advice.
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.