OPEN-SOURCE SCRIPT
Leverage and contracts tool

This script is more like a tool than an indicator.
The script determinates the amount of contracts and the leverage needed to do one trade.
You must specify the following parameters:
No matter what side of operation is, it works in both ways (short and long).
To determine the levels could be useful use the short-long position tool of TradingView.
The script determinates the amount of contracts and the leverage needed to do one trade.
You must specify the following parameters:
- Entry price
- Stop Loss price
- Stop Loss risk. It's the capital that you will loss if the price hit the SL price.
- Operation equity. It's the whole capital involved in the operation.
No matter what side of operation is, it works in both ways (short and long).
To determine the levels could be useful use the short-long position tool of TradingView.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.