Custom position sizer

12. Okt. 2019

This is a simple script to aid with determining position size.

Inputs are the intended entry price, desired risk (expressed as % of account at risk), account value, and leverage factor.

To use the script;

1. Identify and update the entry price (yellow line on the chart)
2. Update with desired risk
3. Update with account size
4. Adjust the leverage value until the stop loss (red line on chart for long positions, green line for short positions) reaches the desired value/location on the chart

The label will then update to show the required position size for the trade.

12. Okt. 2019

Versionshinweise

Updated to generate label on current bar only

12. Okt. 2019

Versionshinweise

Further update to fix the issue of labels forming at every new bar

15. Okt. 2019

Versionshinweise

Reworked calculation of position size, added individual inputs for stop and target prices, added background colours.