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Looking for a tool to quickly ascertain R Multiple of a potential trade setup
Greetings -
Interested in acquiring an ELD or other tool that would allow me to ascertain Reward to Risk (R Multiple) of a potential trade setup by clicking at different points on the chart. Does such a product exist? It would let me click at level of potential entry, level of stop loss and level of target price to quickly gauge anticipated R Multiple of the trade. Thanks.
Can you help answer these questions from other members on NexusFi?
This is a spinoff of the vvSuperGauge, no button, controlled with the middle mouse button.
It shows position sizing and has two modes: R/R or fixed targets.
Supports up to 3 targets and one stop.
Current version: 1.7
Thread is here:https://ww …
Risk Reward and Position Sizing Indicator
Calculates Risk/Reward and Position Sizing for trade planning using horizontal lines drawn at potential trade Entry, Stop and Target. The indicator will automatically update the risk/reward and position sizing …