Position Sizing Calculator

  • Thread starter GetRichOrDieTrying
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GetRichOrDieTrying

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Is there a free position sizing calculator similar to this?




I've purchased stuff like this before from other developers in the past and they stopped working after awhile. I'm burned out from paying for poorly supported scripts, not to say that the one from easycators is.
 
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BenTen

BenTen

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I have seen something similar to this before and it's free as well. I just can't remember where. Hopefully someone else on here can help.
 
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GetRichOrDieTrying

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I have seen something similar to this before and it's free as well. I just can't remember where. Hopefully someone else on here can help.
Thanks Ben. I'll do some research and if I find it, I'll post it here.
 
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hockeycoachdoug

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This would be a very helpful indicator. I hope someone is able to replicate or come up with something similar.
 
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GetRichOrDieTrying

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:( I've done a bunch of Google searches and can't find anything that's remotely similar.
 
Projos

Projos

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I wrote something similar to what you're looking for that I use on a daily basis. One problem however, it has a minor bug where it sometimes will not display the entry size if there is no activity in the stock (low volume). I havent been able to figure that out yet. I'll post the script when I get back to my trading desk.
 
BenTen

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@Projos You should collaborate with @korygill. I believe he just released something similar. Maybe yall can make it 100x better 😜
 
korygill

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@Projos You should collaborate with @korygill. I believe he just released something similar. Maybe yall can make it 100x better 😜
Sure, I have no idea what the indicator does. I just figured the math to what the labels seemed to do.
 
Projos

Projos

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so here's the logic i wrote for a simple calculator. It shows your preset value and then displays the amount of shares you can get at the bid and ask price:

Code:
# Projos, 7/6/19; position value and size indicator 


input showLabel = yes;
input entryPrice = 2589;

def bid = close(priceType = "BID");
def ask = close(priceType = "ASK");

DefineGlobalColor("Bubble", GetColor(1));


AddLabel(showLabel, "Preset Position Value = $" + entryPrice + "             Max Shares  =  [ Ask Price: " + Floor(entryPrice / ask) + " ]     [ Bid Price: " + Floor(entryPrice / bid) + " ]" , GlobalColor("Bubble"));
 
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