The Risk Reward Indicator allows you to see the risk value in real time.
Simply drag the indicator onto the chart to see the risk-to-profit ratio (for example, 1:2).
We also included the ability to widen / narrow the lines to observe important price levels.
The indicator changes color depending on the background color of the chart. You can select the line colors in the input parameters.
You can change the levels by clicking directly on the lines and dragging the levels to a new location.
Levels are set with a single click.
The indicator saves the user settings, in case you need to check the risk-to-profit ratio on other timeframes.
- Show_Levels: display stop levels (true/false)
- StopLoss in points: stop loss in points (for the first load)
- Target in points: take profit in points (for the first load)
- RR_Direction: direction (for the first load)
- Price Line Settings
- Color, Style, Width for Price level: color, style, and width of the price level
- Take Profit line settings
- Color, Style, Width for Target level: color, style, and width of the take profit level
- Stop Loss line settings
- Color, Style, Width for Stop level: color, style, and width of the stop loss level
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- Color, Style, Width for Price level: color, style, and width of the price level
- Color, Style, Width for Target level: color, style, and width of the take profit level
- Color, Style, Width for Stop level: color, style, and width of the stop loss level
Note:
When you change the values of the input parameters, the line display changes accordingly.
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