OPEN-SOURCE SCRIPT
Order Size Calculator
This script calculates the amount of stocks in a trade based on risk awareness.
The risk awarness is part of portfolio management and the book "sustainable & successfull trading" by Faik Giese.
Input is depot size (cash and stocks), risk per depot position, max. Stop-Loss and ATR.
The risk awarness is part of portfolio management and the book "sustainable & successfull trading" by Faik Giese.
Input is depot size (cash and stocks), risk per depot position, max. Stop-Loss and ATR.
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.