OPEN-SOURCE SCRIPT
Position Size 📐 DT/ST (Today's Open)
💡 Purpose:
This indicator automatically calculates intraday (DT) and swing trading (ST) position sizes based on your account capital, risk per trade, and stop-loss percentage, using today’s daily open price as the entry price reference.
⚙️ Main Functionalities:
Dynamic Position Sizing
Calculates Full size position based on the maximum risk you allow per trade.
Breaks it down into ¼ Size, ⅓ Size, and ½ Size positions for flexible scaling.
Two Distinct Trading Styles:
DT (Day Trading) – Uses your specified intraday stop-loss % (default: 2%).
ST (Swing Trading) – Uses your specified swing stop-loss % (default: 10%).
Lot Size Rounding
Automatically rounds quantities to a chosen lot size (e.g., 1 for cash equity or futures lot size for derivatives).
Customizable Table Position
Display the table anywhere on your chart: Top Right, Top Left, Bottom Right, or Bottom Left.
Optimized for Dark or Light Themes
Yellow header with black text for visibility.
Blue row labels for strategy type.
Grey background with white text for calculated values.
Live Market Adaptation
All values update in real-time as today’s daily open price changes (on new daily candles).
Works for any symbol, asset class, or time frame.
🧮 Formula:
Position Size (Full) = Max Risk ₹ / (Price × StopLoss%)
¼, ⅓, and ½ Sizes = Scaled from Full size
📌 Ideal For:
Traders who want quick, ready-to-use position sizes right on their chart.
Those who follow fixed risk-per-trade and need fast decision-making without manual calculations.
This indicator automatically calculates intraday (DT) and swing trading (ST) position sizes based on your account capital, risk per trade, and stop-loss percentage, using today’s daily open price as the entry price reference.
⚙️ Main Functionalities:
Dynamic Position Sizing
Calculates Full size position based on the maximum risk you allow per trade.
Breaks it down into ¼ Size, ⅓ Size, and ½ Size positions for flexible scaling.
Two Distinct Trading Styles:
DT (Day Trading) – Uses your specified intraday stop-loss % (default: 2%).
ST (Swing Trading) – Uses your specified swing stop-loss % (default: 10%).
Lot Size Rounding
Automatically rounds quantities to a chosen lot size (e.g., 1 for cash equity or futures lot size for derivatives).
Customizable Table Position
Display the table anywhere on your chart: Top Right, Top Left, Bottom Right, or Bottom Left.
Optimized for Dark or Light Themes
Yellow header with black text for visibility.
Blue row labels for strategy type.
Grey background with white text for calculated values.
Live Market Adaptation
All values update in real-time as today’s daily open price changes (on new daily candles).
Works for any symbol, asset class, or time frame.
🧮 Formula:
Position Size (Full) = Max Risk ₹ / (Price × StopLoss%)
¼, ⅓, and ½ Sizes = Scaled from Full size
📌 Ideal For:
Traders who want quick, ready-to-use position sizes right on their chart.
Those who follow fixed risk-per-trade and need fast decision-making without manual calculations.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.