Auto Lot Size & Risk Calculator By Stock Fusion

Overview:
This Pine Script (version 5) indicator, titled "Auto Lot Size & Risk Calculator By Stock Fusion," is designed for TradingView to assist traders in calculating lot sizes and managing risk for various asset classes, including Indian stocks, Forex, XAUUSD, BTCUSD, and US100. It provides a visual interface with entry, stop-loss, and take-profit levels, along with a dashboard displaying key trade metrics.

Description:
The script calculates the appropriate lot size based on user-defined inputs such as account balance, risk percentage, entry price, stop price, and asset type. It supports risk-reward ratios (1:1, 1:2, 1:3) for take-profit levels and visualizes these levels on the chart using lines or filled areas. A customizable dashboard displays critical trade information, including lot size, risk amount, and potential profit/loss. The script is tailored for Indian stocks (e.g., MAZDOCK) with a simplified lot size calculation and supports other assets with appropriate contract sizes.

How the Code Works:
Inputs: Users input account balance, risk percentage, asset type, entry/stop prices, and visual preferences (e.g., line or fill, colors, dashboard position).

Calculations:
Computes stop-loss distance and risk amount based on account balance and risk percentage.
Sets take-profit levels at 1:1, 1:2, and 1:3 risk-reward ratios.
Calculates lot size using asset-specific formulas (e.g., for Indian stocks: lot Size = risk Amount / stop Loss Distance).
Determines profit/loss values for stop-loss and take-profit levels.

Visualization:
Draws entry, stop-loss, and take-profit levels as lines or filled areas on the chart.
Displays price labels and optional tick distances.
Renders a dashboard table with trade details (e.g., balance, lot size, entry/stop prices, profit/loss).
Clearing: Removes previous drawings on each bar update to prevent clutter.
Customization: Offers options for visual styles, colors, text sizes, and dashboard positioning.

Purpose and Use:
Risk Management: Automatically calculates lot sizes to limit risk to a user-defined percentage of the account balance.
Trade Planning: Visualizes entry, stop-loss, and take-profit levels to aid in trade setup.
Versatility: Supports multiple asset classes with asset-specific contract sizes and calculations.
User Experience: Provides a clear, customizable dashboard for quick access to trade metrics.