⭐ smartguy Posted January 23, 2021 Report Share Posted January 23, 2021 From sales page- "The ThinkOrSwim Position Sizer is a VERY important ThinkScript I made that allows me to instantly know what my entry, stop, target, and position size should be in order to maintain an equal risk on every trade I take." Here is link to sales page https://easycators.com/thinkscript/thinkorswim-position-sizer/ This appears to be the "swiss army knife" indicator to aid in risk management. Thanks in advance to to wonderful person who turns this one up. hamir 1 Quote Link to comment Share on other sites More sharing options...
⭐ gadfly Posted January 23, 2021 Report Share Posted January 23, 2021 Waste of chart space.... ⭐ smartguy 1 Quote Link to comment Share on other sites More sharing options...
⭐ smartguy Posted January 24, 2021 Author Report Share Posted January 24, 2021 Sorry you feel that way. Controlling risk is always a struggle for me, I know one indicator is not the be all and end all, bit I do think it looks interesting so I am still on the look out for this if anyone comes across it. hamir 1 Quote Link to comment Share on other sites More sharing options...
ootl10 Posted January 24, 2021 Report Share Posted January 24, 2021 (edited) Use low period number and two indicator First Envelope or Keltner with low setting on lower band, hide upper Second Envelope or Keltner with high setting on higher band, hide lower You can have a bigger stop if you win more so you can calculate expectancy Start with LOW RISK ! Increase only after aSorry you feel that way. Controlling risk is always a struggle for me, I know one indicator is not the be all and end all, bit I do think it looks interesting so I am still on the look out for this if anyone comes across it. Good luck to all Edited February 3, 2021 by ootl10 hamir 1 Quote Link to comment Share on other sites More sharing options...
⭐ gadfly Posted January 24, 2021 Report Share Posted January 24, 2021 Sorry for being flippant.... My point was that analyzing and understanding the risk/reward profile of a trade set-up is a core trading skill and relying on a crutch for that is likely to hold you back, especially if/when you graduate to analyzing a trade portfolio, which will include various types of trades with different capital management goals. But I could be wrong, it may be a useful learning tool if you trade stocks or futures, of no use to an options trader though. hamir 1 Quote Link to comment Share on other sites More sharing options...
hamir Posted June 28, 2021 Report Share Posted June 28, 2021 Sorry you feel that way. Controlling risk is always a struggle for me, I know one indicator is not the be all and end all, bit I do think it looks interesting so I am still on the look out for this if anyone comes across it. Hi did you ever find the Position sizer indicator for TOS that you were looking for? I would like to try also if anyone has it to share. Thanks in advance Quote Link to comment Share on other sites More sharing options...
⭐ smartguy Posted June 30, 2021 Author Report Share Posted June 30, 2021 Sorry, never found so far. hamir 1 Quote Link to comment Share on other sites More sharing options...
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