OPEN-SOURCE SCRIPT
Qty Calculator
This Pine Script indicator, titled "Qty Calculator," is a customizable tool designed to assist traders in managing their trades by calculating key metrics related to risk management. It takes into account your total capital, entry price, stop-loss level, and desired risk percentage to provide a comprehensive overview of potential trade outcomes.
Key Features:
User Inputs:
Total Capital: The total amount of money available for trading.
Entry Price: The price at which the trader enters the trade.
Stop Loss: The price level at which the trade will automatically close to prevent further losses.
Risk Percentage: The percentage of the total capital that the trader is willing to risk on a single trade.
Customizable Table:
Position: The indicator allows you to choose the position of the table on the chart, with options including top-left, top-center, top-right, bottom-left, bottom-center, and bottom-right.
Size: You can adjust the number of rows and columns in the table to fit your needs.
Risk Management Calculations:
Difference Calculation: The difference between the entry price and the stop-loss level.
Risk Per Trade: Calculated as a percentage of your total capital.
Risk Levels: The indicator evaluates multiple risk levels (0.10%, 0.25%, 0.50%, 1.00%) and calculates the quantity, capital per trade, percentage of total capital, and the risk amount associated with each level.
R-Multiples Calculation:
The indicator calculates potential profit levels at 2x, 3x, 4x, and 5x the risk (R-Multiples), showing the potential gains if the trade moves in your favor by these multiples.
Table Display:
The table includes the following columns:
CapRisk%: Displays the risk percentage.
Qty: The quantity of the asset you should trade.
Cap/Trade: The capital allocated per trade.
%OfCapital: The percentage of total capital used in the trade.
Risk Amount: The monetary risk taken on each trade.
R Gains: Displays potential gains at different R-Multiples.
This indicator is particularly useful for traders who prioritize risk management and want to ensure that their trades are aligned with their capital and risk tolerance. By providing a clear and customizable table of critical metrics, it helps traders make informed decisions and better manage their trading strategies.
Key Features:
User Inputs:
Total Capital: The total amount of money available for trading.
Entry Price: The price at which the trader enters the trade.
Stop Loss: The price level at which the trade will automatically close to prevent further losses.
Risk Percentage: The percentage of the total capital that the trader is willing to risk on a single trade.
Customizable Table:
Position: The indicator allows you to choose the position of the table on the chart, with options including top-left, top-center, top-right, bottom-left, bottom-center, and bottom-right.
Size: You can adjust the number of rows and columns in the table to fit your needs.
Risk Management Calculations:
Difference Calculation: The difference between the entry price and the stop-loss level.
Risk Per Trade: Calculated as a percentage of your total capital.
Risk Levels: The indicator evaluates multiple risk levels (0.10%, 0.25%, 0.50%, 1.00%) and calculates the quantity, capital per trade, percentage of total capital, and the risk amount associated with each level.
R-Multiples Calculation:
The indicator calculates potential profit levels at 2x, 3x, 4x, and 5x the risk (R-Multiples), showing the potential gains if the trade moves in your favor by these multiples.
Table Display:
The table includes the following columns:
CapRisk%: Displays the risk percentage.
Qty: The quantity of the asset you should trade.
Cap/Trade: The capital allocated per trade.
%OfCapital: The percentage of total capital used in the trade.
Risk Amount: The monetary risk taken on each trade.
R Gains: Displays potential gains at different R-Multiples.
This indicator is particularly useful for traders who prioritize risk management and want to ensure that their trades are aligned with their capital and risk tolerance. By providing a clear and customizable table of critical metrics, it helps traders make informed decisions and better manage their trading strategies.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, penulis telah menerbitkan kod Pine ini sebagai sumber terbuka supaya pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda boleh menggunakan perpustakaan ini secara percuma, tetapi penggunaan semula kod dalam penerbitan ini adalah dikawal oleh Peraturan dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.
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.