LMBFPositionSize solves the problems of how to instantly determine the correct position size for any trade.
To use the tool, attach the indicator to your chart and then use Ctrl-Tab to place a rectangle on the chart. Adjust this so that its top and bottom are located at the correct stop-loss and trade entry price levels.
The position size for risking 1% of your account capital will be displayed in the bottom left corner of the rectangle. An allowance for the spread is automatically included in the calculation without having to manually adjust the levels.
Don't worry if you don't quite get the rectangle top and bottom at the correct levels on the first attempt. Change the size of the rectangle and the position size automatically updates on your chart.