OPEN-SOURCE SCRIPT
Risk Management - Stop Loss Distance (Pips)
This indicator helps traders estimate an optimal Stop Loss distance in pips based on market volatility (ATR) and a chosen risk percentage.
It does not generate buy or sell signals — it is purely a risk management visualization tool designed for educational and analytical use.
🔧 How it works
Calculates the current ATR (Average True Range) to measure market volatility.
Multiplies ATR by a user-defined factor to suggest a realistic stop-loss distance.
Displays this distance in pips, helping you understand how wide or tight your SL should be.
Optionally draws reference lines above and below the current price to visualize potential SL placement for long and short positions.
⚙️ Inputs
Account Balance (USD): Used for risk visualization.
Risk per Trade (%): Defines the percentage of account balance at risk.
ATR Period: Number of bars used to calculate volatility.
ATR Multiplier for SL: Adjusts how far the SL should be from the entry based on volatility.
Show SL Lines: Toggle visual stop-loss reference lines on or off.
📈 Display
The indicator shows:
Account balance and risk percentage.
Current ATR value.
Suggested stop-loss distance in pips.
Optional SL lines (for visualization only).
⚠️ Disclaimer
This script is for educational and analytical purposes only.
It does not provide financial advice or trade recommendations.
Use it at your own discretion and always manage risk responsibly.
It does not generate buy or sell signals — it is purely a risk management visualization tool designed for educational and analytical use.
🔧 How it works
Calculates the current ATR (Average True Range) to measure market volatility.
Multiplies ATR by a user-defined factor to suggest a realistic stop-loss distance.
Displays this distance in pips, helping you understand how wide or tight your SL should be.
Optionally draws reference lines above and below the current price to visualize potential SL placement for long and short positions.
⚙️ Inputs
Account Balance (USD): Used for risk visualization.
Risk per Trade (%): Defines the percentage of account balance at risk.
ATR Period: Number of bars used to calculate volatility.
ATR Multiplier for SL: Adjusts how far the SL should be from the entry based on volatility.
Show SL Lines: Toggle visual stop-loss reference lines on or off.
📈 Display
The indicator shows:
Account balance and risk percentage.
Current ATR value.
Suggested stop-loss distance in pips.
Optional SL lines (for visualization only).
⚠️ Disclaimer
This script is for educational and analytical purposes only.
It does not provide financial advice or trade recommendations.
Use it at your own discretion and always manage risk responsibly.
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。