Position Size Calculator w/ profit targets

This script helps the user visualize profit targets and calculates position size based on the input risk amount.

Input variables:
- Risk amount
- Entry price
- Stop loss amount
- Profit target amount

Calculated variables:
- Profit loss ratio
- Position size
- Postion cost

Plotted variables:
- shaded: entry price --> price target (green filled)
- shaded: entry price --> stop loss target (red filled)
- 1:1 p/l ratio --> yellow line
- 2:1, 3:1, 4:1 p/l ratios --> green lines

Overlay text can be toggled on/off in parameter input section

Open-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 a publication is governed by House Rules. You can favorite it to use it on a chart.


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.

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