PROTECTED SOURCE SCRIPT

Risk Reward Calculator

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This indicator provides a powerful and flexible tool to calculate and visualize key risk and reward metrics for your trading strategies. By inputting essential parameters like account size, risk tolerance, entry price, and stop loss, you can gain valuable insights into potential profit and loss scenarios.

Key Features:

Risk and Reward Analysis: Accurately calculates risk and reward ratios, helping you assess the potential payoff of each trade.

Position Sizing: Determines optimal position sizes based on your risk tolerance and account size.

Stop-Loss and Take-Profit Levels: Calculates dynamic stop-loss and take-profit levels based on risk-reward ratios.

Selling into Strength: Provides guidance on selling portions of your position at favorable price levels to secure profits and reduce risk.

Customizable Table: A highly customizable table displays all relevant information in a clear and concise format.

Inputs:

Trade Settings: Allows choosing between long, short, or both positions.

Account Size: Sets the total capital available for trading.

Risk Percentage: Defines the percentage of the account risked per trade.

Risk Amount: Calculates the actual risk amount based on account size and risk percentage.

Entry Price: Sets the entry price for the trade.

Actual Units: Defines the actual number of units purchased or sold.

Stop Loss at Actual Price (Exit): Calculates stop loss based on entry price and risk amount.

Parts: Sets the number of parts to split the position for selling into strength.

Selling into Strength: Calculates the quantity per part for selling.

Table Position: Defines the location of the table displaying calculations.

Size: Sets the size of the text in the table.

R Multiple Value: Defines the risk-reward multiple used for calculations.

No. of R Multiples: Sets the number of R multiples to show in the table.

How to Use:

Input Parameters: Enter your account size, risk tolerance, entry price, and other relevant information.

Analyze Metrics: Review the calculated risk, reward, position size, and stop-loss levels.
Make Informed Decisions: Use the insights gained to make informed decisions about your trades.

Benefits:

Improved Risk Management: By understanding your risk exposure, you can make more prudent trading decisions.

Enhanced Profit Potential: By identifying optimal entry and exit points, you can maximize your potential profits.

Increased Trading Confidence: The clear and concise presentation of information empowers you to trade with greater confidence.

Elevate your trading strategy with the Risk Reward Calculator.
版本注释
Changed version from 5 to 6.
Minor internal code changes.
Pine utilities

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