This indicator scans a pasted list of symbols and shows matching long and short setups in a table in a separate pane. It uses a Supertrend crossover, then applies an ATR or fixed-point volatility range so quiet, sideways conditions can be skipped. Optional fil
Indicator · Pine Script v5 · Own pane
ATR/Tick Based Contract Size Calculator
Calculates standard position sizing based on a user-defined maximum dollar loss per trade.
GitHub stars7on the repository
Pine versionv5runs as is
Lines of code129
Settings23inputs
LicenceNone stated
Last update3 months ago24 Jul 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Risk distance can be set using Average True Range (ATR) multiples or a fixed tick count. It automatically detects dollar-per-point multipliers for popular futures contracts such as NQ, ES, YM, CL, and GC, with an option for manual override. The resulting position size and calculation details are drawn in an on-screen dashboard table.
- ATR and fixed tick risk calculation modes
- Auto-detection of futures contract dollar-per-point values
- Customizable maximum dollar loss risk setting
- Configurable dashboard table position and layout
Details
Published by
eddiebelaval on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Volatility & bands, Screeners & dashboards
Markets
Indices, Oil & commodities
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Max Loss per Trade ($) | float | 200 | maxLoss |
| Risk Calculation Mode | string | ATR | riskMode |
| ATR Period | int | 14 | atrPeriod |
| ATR Multiple | float | 1.0 | atrMultiple |
| Stop Loss (Ticks) | int | 10 | stopTicks |
| Override $ per Point (0 = auto) | float | 0.0 | manualDollarPerPoint |
| Vertical Layout? (true = vertical, false = horizontal) | bool | true | layoutVertical |
| Table Position | string | top_right | positionOption |
| Risk Mode Background Color | color | color.new(color.orange, 80) | modeBgColor |
| Risk Mode Opacity | int | 80 | modeOpacity |
| Risk Mode Text Color | color | color.white | modeTextColor |
| ATR Background Color | color | color.new(color.blue, 80) | atrBgColor |
Show all 23 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| ATR Opacity | int | 80 | atrOpacity |
| ATR Text Color | color | color.white | atrTextColor |
| $ per Point Background Color | color | color.new(color.blue, 80) | dppBgColor |
| $ per Point Opacity | int | 80 | dppOpacity |
| $ per Point Text Color | color | color.white | dppTextColor |
| Max Loss Background Color | color | color.new(color.blue, 80) | maxLossBgColor |
| Max Loss Opacity | int | 80 | maxLossOpacity |
| Max Loss Text Color | color | color.white | maxLossTextColor |
| Contracts Background Color | color | color.new(color.teal, 80) | contractsBgColor |
| Contracts Opacity | int | 80 | contractsOpacity |
| Contracts Text Color | color | color.white | contractsTextColor |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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