Position SizingATR based position sizing calculator that takes into account the capital, risk percentage and commissions to be paid. Color changes to green as the affordable position size significantly increases relative to recent history.
SIZE
Position Size Calculator w/ profit targetsThis 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
Entry Size 1barCalculates how many lots (100) you should buy/sell for any given bar with a fixed risk in USD and shows if Long (L), Short (S) or wait (w) with a label.
Requires max loss per week, trading days per day and lossing trading per day.
Position Size CalculatorThis is a script to make calculating position size easier. It calculates position size as a percentage of account balance and Risk/Reward based on input values of entry, exit, stoploss and shows the R/R box similar to tradingview's R/R tool. There is an option to toggle showing label and choosing of label text color.
Have to enter the following inputs in order for it to work properly
1. Account Balance : Account balance in either whatever is base currency of account
2. Risk % : Percentage of account balance to lose if stop is hit.
3. Entry
4. Stoploss
5. Target Price
Notes:
- Target Price is required for calculating R/R but is not necessary to calculate position size.
- Formula to calculate position size is : Balance * Risk % / SL %
- Formula to calculate R/R is : TP % / SL %
- SL % = ( Entry - SL ) / Entry * 100
- TP % = (TP - Entry ) / Entry * 100
Thanks to u/Chonky_ for help with feedback.
Quansium Allocation RatioThis tool finds the most optimal allocation size for each trading setup. It has 3 modes.
Basic (it meets the minimum profitability requirements):
% Profitable: the probability of winning and is calculated by dividing the number of winning trades by the total number of trades.
Profit Ratio: a measure of the ability to generate profit instead of loss and is calculated by taking the average profit from all winning trades divided by the average losses on all losing trades.
Medium (it takes into account the maximum loss to stabilize the overall risk among the partitions):
Max Drawdown: the "worst-case scenario" for a trading period. It measures the greatest distance, or loss, from a previous equity peak.
Advanced (loss is not the only risk taken, the reward to risk ratio must also be accounted for):
Monthly Profit: the amount of average return a system provides on a monthly basis.
Monthly Loss: the highest loss given during the period of a month. It can be substituted by the Max Drawdown.
Notes :
The "check boxes" inputs are there as cosmetic separators.
"Basic" mode comes with preset values. To activate other modes, you must use a value higher than "0".
This shows the amount of percentage you should allocate for the setup you inserted the metrics for.
It is recommended to get values for each mode and find out on past data which works best for you.
Distribution Position Size Panel
This panel is an example position size panel that I prepared and I consider the rates reasonable.
I have prepared this panel so that the money allocated to the investment ends 14 consecutive signals.
The sum of the ratios is 100 units.
You can adjust your positions according to this panel.
The first steps are low rates.
If the phrases are strong, you can specify a position size from the lower digits.
Likewise, when you make a big profit, you can empty your profits in the lower steps.
In the event of a color change, you can return to the beginning or lower limit.
NOTE: This script is an auxiliary command to the distribution blocks script,
if you want to use another script, you can add distribution days to yours.
14 th stake does not appear in the preview, you need to reduce the size of the distribution blocks indicator slightly.
Rafael Zioni's examples of the panels helped a lot, thanks to him.
Stay tuned ! Regards , Noldo.
Custom position sizerThis 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.
Customizable Trend Direction (Open-Source)Hello everyone
I received a ton of requests for this script so I decided to share it
I did it for a client who didn't want to pay (you can all blame... or even thank him for this script) in the end and I don't want to sell it on my website.
Not because it's not interesting but because my website will be a place to showcase and rent the Algorithm Builders mostly
What is it about?
Basically, it shows how you could convert a plotshape into a label.new object. Very interesting if you want someday to convert your V3 script into V4
With this script, it shows that you can in V4 ( but couldn't do in V3 ) do the followings :
- change dynamically the size (from tiny to huge) of any object
- change dynamically the text (from whatever to whatever) of any object
Screenshot of the user interface
imgur.com
Other use cases
I did it with the Trend Direction but could work with anything really.
- Any indicator with a visual signal. You can know personalized from a user interface the text, size and also the vertical shift. I didn't do it for that one but label.new takes a (x,y) coordinates so playing with y is fairly easy to achieve a dynamic vertical shift
- Even with this script Plotchar-How-to-draw-external-symbols-on-a-chart/ but would require to be updated with a label.new object and with a shape.none parameter so that we'll only see the icon/symbol displayed
- The colors also can be change dynamically using presets Presets-Selector-FRIDAY-NIGHT-CHALLENGE/ . If you have an indicator showing a BULLISH and a BEARISH signal, then you could, for instance, configure colors presets according to the timeframe of the chart or the indicator input, etc (sky is the limit ^^)
Be sure to hit the thumbs up at it motivates me to research what Pinescript can offer and share with the community
Dave
____________________________________________________________
- I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies
Jump on a 1 to 1 coaching with me
- You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
Customizable Trend DirectionHi everyone
Publishing this as a few clients want to try it out
It's basically a proof-of-concept to show that size and text can be manipulated :)
Size and text and label vertical position are udpatable
Will publish an open-source script today or tomorrow hopefully
Dave
Bitcoin Block SizeThe Average Bitcoin Block Size refers to the size (in MB) of a container of bitcoin transactions.
Approximately every 10 minutes a new Bitcoin block is added to the chain.
Unit Renko Box SizeThis is a simple script that shows two averages for box size on Uni Renko system for users to use.
The user should use the green line (Box Size) that is more persistent in the last hour. if there are equal minutes between two numbers, use the upper number.
Now users can easily check the timed candle sticks at the start of the day for three time frames we use in my methodology, set the box size for the charts at the start of the day and continue trading the whole day.
The charts now will sit on "traditional" setting rather than previously used "atr", no thanks to trading view's amazingly wrong way of calculating renko !!!!
Position Size for ATR Trailing StopThis indicator will calculate your position size, short or long, based on the ATR Trailing Stop indicator of mine, and are needed to be used together. General risk management suggests risking just 1 percent of your equity and using low leverage.
Small candle indicatorI've modified the original script by WiscoDish to show candles as green while they are smaller than the median of the past 10 candles. Once they become larger than the median they'll change to gray.
I've also added a horizontal median line so you can see how close the candle is to the median candle size.
This is very useful if you're stalking a trade and waiting for the candle to close small.
Candlestick SizeThis indicator shows:
Candlestick Range (H-L)
Body Range (O-C)
O-L Range
O-H Range
C-L Range
C-H Range
(absolute value in pips)
Candle Length by WiscoDishMeasure of the total candle length, including the upper and lower wicks. Works best as a histogram in my opinion. Used as a quick reference for the high minus the low of each candle.
Understanding order sizestype: properties manipulation, no programming needed
time required: 15minutes, at least
level: medium (need to know contracts, trading pairs)
A strategy can "appear" to work or be broken depending on the pile of cash that is working on. This amount is defined in the strat properties, under "order size".
For noobs (like me) this is very confusing at first :)
A strat opens/closes positions using units, a generic measure for the chart being operated on. Thes "units" can be a fixed amount of cash, a fixed amount of contracts, or a floating amount based on the last profits made. I recommend checking my previous strat to figure the case of contracts .
So, any trading price is the amount of "things" you get for some "cash". The things are the first unit, the "cash" is the second. Some examples:
XAU/USD - 1 xau oz is worth x dollars
BTC/USD - 1 bitcoin is worth x dollars
GBP/EUR - 1 pound is worth x euros
To add to confusion, a lot of markets the "unit size" is different from what the strat thinks it is. An options contract is 100 shares(the unit), 1 xau contract is 10 oz(units), 1 eur/usd contract is 100k euros and so on... so, after figuring out how the sizes work in a strat, then the sizes must be adapted for the specific market in question.
The choice os using the ETHUSD pair is because:
1 - you can buy 1eth, unlike a gold contract for example, so 1 "unit" = 1 eth, easier to get
2 - ETH is around 12 bucks, wich gives round numbers on the math, easier to wrap the brains around :)
3- is an unusual pair, so the regular contract sizes don't apply, and the brain is not conditioned to work inside the box ;)
You will have to access the script properties, to change the values. As these values are changed you will see exactly the differences in the values of the strat.
Text is too long, check the comments for all the cases
