TradingView continues to improve its charting tools and today introduces leverage settings for Long and Short Position tools.
With leverage, TradingView users can make their trades more closely reflect real-world conditions by linking their position size to their account balance. This update allows TradingView users to set leverage so that their position size remains in line with or within their available budget.
To configure the leverage, open the tool settings, find the Leverage field and enter the desired value. For example, a setting of 500.0 corresponds to a leverage of 500:1.
With the introduction of leverage, the logic behind calculating position size has been updated.
This means that risk determines the maximum position size, while leverage ensures that the proposed position remains proportional to your account balance.
In a typical (unleveraged) setting, the calculated position size may exceed your available account balance. However, with leverage — say, 5:1 — the position size is reduced, making it more consistent with your set budget while still meeting your set risk limit.