Daveatt

BEST Risk to Reward Utility

Hello Traders

This is a proof of concept and a cool pinescript utility

It displays a risk to reward division as a fractional value.

For example

Risk: 300
Reward: 600

This will be displayed as 1/2 as we can earn 2 units for a potential loss of 1 unit
(600/300 = 2) for those wondering the NASA level mathematics behind :)

Best regards
Dave
Script open-source

Dans le plus pur esprit de TradingView, l'auteur de ce texte l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur ! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par les règles internes. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?
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Commentaires

hello @Daveatt
how would i do this for both Long and Shorts would i just change all the + to - and - to + ???
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Daveatt TradeBuddy2019
@TradeBuddy2019, it's already doing it for both Longs and Shorts
it's based on user inputs at the very top of the script

rational_SL = input(300, title="Stop Loss Distance", type=input.float)
rational_TP = input(600, title="Take Profit Distance", type=input.float)
Répondre
V. Interesting !
+1 Répondre
Daveatt syrinxflunki
@syrinxflunki, thank you sir avatar of a volleyball from a famous Tom Hanks movie :)
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