Volatility riskreward moneymanagement This script tells you where to place your Initial Take Profit Targets and Stop Losses both long and short. The position of these targets is based on price volatility (using ATR to calculate). Distance of stop loss and take profit can be modified as multiples of the ATR. For a 2:1 reward:risk ratio, set Take Profit to...
Hello ladies (if any in my followers ?) and gentlemen Here's your indicator of the day and once again given for FREE. What I'm going to say to my landlord if I can't pay rent because I'm not asking for $$ ? I'll probably send the next indicators from below the town brige. Even then... I will still comply with my challenge to share 1 original indicator a day and...
Here is a pretty clean 2R - risk reward assessment that is overlaid on the price action. Positive bias, kind of lazy on the release but you can edit to change look back period or drop into one of your indicator edits as another metric for trade risk. If this helps drop a comment or thumbs up. -Squam
This script is developed with emphasis on trend following strategy and automatic risk calculation. Follow my telegram channel at t.me or email me at robostock.bot gmail com for inquiry