Position Size Calculator

DESCRIPTION:

This indicator is essentially a calculator that prompts the user to enter 3 variables upon activation: Entry Price, Stop Loss Price, and Risk Amount ($). From those variables, the calculator will then output what the ideal amount of shares that should be purchased to meet your risk amount limit.

SAMPLE USE CASES:

1) Trading Futures: Upon calculating the amount of shares to purchase to enter a position, you can multiply that amount by the current share price, this will give you an idea on whether or not you require some leverage to get into your position.

2) Spot Trading / Simple Stock Trading: Upon entering the required information, you will know how many shares to purchase to meet your risk amount limit.