PINE LIBRARY

lib_risk_management

908
Library "lib_risk_management"
a lib to help with dynamic position sizing

position_size(risk, account_balance, entry_price, sl_price)
  calculate the position size required to meet the account size based risk given when the stop loss is triggered
  Parameters:
    risk (float): percentage of account balance to risk (1-100)
    account_balance (float): account balance in instrument currency
    entry_price (float): entry price
    sl_price (float): stop loss price
  Returns: the position size in instrument currency that will loose the given risk percentage of the account balance when a stop loss is triggered

account_balance(to_currency, live)
converts the (current(default)/initial) account balance to the given currency at the daily rate
  Parameters:
    to_currency (simple string) The currency in which the account balance is to be converted. Possible values: a three-letter string with the currency code in the ISO 4217 format (e.g. "USD"), or one of the built-in variables that return currency codes, like syminfo.currency or currency.USD.
    live (bool) converts the current account balance (strategy.equity) (default:true) or otherwise the initial capital (strategy.initial_capital)
  Returns: the (current/initial) account balance converted to the given currency with at the current daily rate

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.