OPEN-SOURCE SCRIPT
Enhanced Execution Tool
A comprehensive position sizing calculator for disciplined risk management
Description:
This tool provides traders with precise position sizing calculations based on their account parameters and market conditions. The indicator calculates optimal position sizes for different entry scenarios while maintaining strict risk control.
Key Features:
How to Use:
Input Parameters:
Output Includes:
Ideal For:
Note: Always verify calculations before executing trades. This tool is designed to assist with trade planning, not as trade advice.
Description:
This tool provides traders with precise position sizing calculations based on their account parameters and market conditions. The indicator calculates optimal position sizes for different entry scenarios while maintaining strict risk control.
Key Features:
- Multiple entry options (High, Close, Manual)
- Flexible stop loss configuration (LoD or Previous Day Low)
- Account-based risk management (1% risk by default)
- ATR-based distance metrics for volatility assessment
- Clear visual table displaying all critical trade parameters
How to Use:
- Configure your account size and risk percentage
- Select your preferred entry methods (High/Close/Manual)
- Choose stop loss reference (Low of Day or Previous Day Low)
- View calculated position sizes and risk parameters
- For manual entries, input your desired entry and stop prices
Input Parameters:
- Account Configuration: Set your capital and risk tolerance
- Entry Options: Choose which entry methods to display
- Stop Loss: Select stop loss reference level
- Technical Settings: Adjust ATR length and distance limits
- Display Options: Customize table appearance
Output Includes:
- Risk amount in dollars
- Risk as percentage of entry price
- Entry to stop loss as percentage of ATR
- Stop loss price
- Entry price
- Position size as % of account
- Share quantity
Ideal For:
- Traders who want to maintain consistent risk management
- Those who need quick position sizing calculations
- Investors who trade with multiple entry strategies
Note: Always verify calculations before executing trades. This tool is designed to assist with trade planning, not as trade 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.