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Advanced Reward Risk Indicator .v3 5 *
This indicator helps you define your entry, stop and target (1 or 3) visually on the chart with the help of horizontal lines, calculates your potential P/L ,unrealized P/L,Risk/Reward ratio and contracts sizing per account size.

- Defines your Risk/Reward ratio using 1 or 3 targets
- Save & reload your values,be it minute,daily or weekly chart (one set of values per instrument)
- Interactive Mode: per-tick P/L based on the chosen contracts size
- Interactive Mode-Attached: per tick potential P/L
- Non-Interactive : Contract sizing is based on the defined risk tolerance per account size
- Hide/show the indicator as required & show/hide on start-up
- Extended or short lines




Last updated on April 16 2014 "Major changes"


- Indicator's parameters text description on the top left of the plot reduced
- Potential P/L is calculated based on 1 contract in non-interactive mode
- Enter to targets potential P/L bug fixed
- Visual structure is changed for three-targets mode
- Line width is now adjustable
- Beam pointer added when short lines are used
- Forex price format corrected (6E,6J...)
- Short lines distance from last bar bug fixed
- 1 or 3 target lines
- Choose between Short& Extended lines
- Pixel distance is used now
- Colors are now configurable
- $ sign removed
- Show on start-up option added
- The code was rewritten from 0 almost


Category NinjaTrader 7 Indicators 
 
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Details: Advanced Reward Risk Indicator .v3
Category: NinjaTrader 7 Indicators 


March 25th, 2014
Size: 12.02 KB
Downloaded: 1393 times
Comments/ratings
5 * ignacio90 March 26th, 2014 06:13 AM
nice indicator
5 * ignacio90 April 10th, 2014 05:02 PM
4 * zanoza May 3rd, 2014 06:15 AM
No Comment
5 * redpilot July 17th, 2014 02:24 AM
Great and helpful!!!
5 * dilbert618 October 13th, 2014 11:07 AM
Thank you Bassam, been looking to do something like this myself. no sense in re-inventing the wheel though.
5 * ProsperousTrader December 16th, 2014 09:58 PM
Wow. I really needed this. Thanks
5 * Tico6136 January 25th, 2015 12:49 PM
Bassam,
Fantastic work. Just curious, why doesn't the indicator include (2) targets? It would be a great addition when you update it. Thanks.
5 * Joseph689 February 24th, 2015 02:01 PM
Thank you for the hard work....much appreciated!!
5 * Bsinks April 3rd, 2015 11:21 PM
Nice tool........love it.
5 * Portland July 27th, 2015 03:45 AM
No Comment

 
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