Description
This is a port of the NinjaTrader 7 AdvancedRiskReward.v3 indicator by bassam. The original indicator can be found here.
Quote:
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.
Once started click on the chart 3 times there where you think your values will be appropriate , then shift the lines as needed and save the changes.
- 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 per account size
- Hide/show the indicator as required & show/hide on start-up
- Extended or short lines
To Import
1. Download the attached file to your desktop
2. From the Control Center window select the menu Tools > Import > NinjaScript Add On.
Category Version 8 Indicators
Category NinjaTrader 8 Indicators and More
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