Auto Position CalculatorA position sizing tool that automatically detects the instrument you're trading and calculates the correct position size based on your risk parameters.
What It Does
This indicator calculates how many contracts, lots, or shares to trade based on your account size, risk percentage, and stop loss distance. It auto-detects the instrument type and adjusts the point/pip value accordingly.
Supported Instruments
Futures: NQ, MNQ, ES, MES, YM, MYM, RTY, M2K, CL, MCL, GC, MGC
Forex: All major pairs (USD, EUR, GBP, JPY, etc.)
Index CFDs: NAS100, US500, US30, GER40, UK100
Metals: XAU, XAG
Crypto and Stocks: Automatic detection
How to Use
Set your account size and risk % in settings
Click the settings icon and place Entry, Stop Loss, and Take Profit on the chart
The position size and risk calculations appear automatically
Levels auto-reset at your chosen session (Asia, London, or New York open)
Limitations
CFD and forex pip values assume standard lot sizing - your broker may differ
Auto-detection relies on ticker naming conventions, which vary by broker/data feed
Session reset times are based on ET (Eastern Time)
Cfds
Weiss Wave Open Interest BarsFirstly :
LazyBear ' s "Weiss Wave " codes are used for open interests.
Original Weiss Wave Volume :
Let's start :
Open Interest vs. Volume: An Overview
Volume and open interest are two key measurements that describe the liquidity and activity of contracts In the options and futures markets. However, their meanings and applications are different. Volume refers to the number of contracts traded in a given period, while open interest denotes the number of active contracts.
Volume
Trading volume measures the number of options or futures contracts being exchanged between buyers and sellers, identifying the level of activity for that particular contract. For every buyer, there is a seller, and the transaction itself counts toward the daily volume.
Open Interest
Open interest indicates the number of options or futures contracts that are held by traders and investors in active positions. These positions have not been closed out, expired, or exercised. Open interest decreases when holders and writers of options (or buyers and sellers of futures) close out their positions. To close out positions, they must take offsetting positions or exercise their options. Open interest increases once again when investors and traders open new long positions or writers/sellers take on new short positions. Open interest also increases when new options or futures contracts are created.
Options or futures contract trading volume can only increase while open interest can either increase or decrease. While trading volume indicates the number of contracts that have been bought or sold, open interest identifies the number of contracts that are currently held.
Reference : www.investopedia.com
*** Worked to define all futures . You can look them in codes (between line : 13 to line 94 )
** CAUTION 1 : Since each instrument in the list has its own unique contract data, you must first enter its name to display it. I recommend you to select OANDA from the markets. Finally, when the COT reports are issued, it may repaints. However, this repaint is usually close to closing or after close .(When COT reports are so sharp ) So use this script only 1W ( 1 week ) or 1 M ( 1 month ) timeframe.
** CAUTION 2 : This data is taken to Tradingview with the help of Quandl. This is a tremendous possibility, but the system will not work if there is a malfunction.
Best regards.
