Risk Reward Indicator Tool

Category: market_structure

An interactive visual tool to calculate and display Risk-Reward ratios by drawing draggable Take Profit and Stop Loss rectangles and lines on the chart.

Formula

RR = \frac{|TakeProfit_{price} - Entry_{price}|}{|Entry_{price} - StopLoss_{price}|}

Inputs

• OPEN_RR (default: i)
• tp_rec_color (default: clrLightGreen)
• sl_rec_color (default: clrPink)
• line_width (default: 2)

See signal primitives and every published strategy that uses Risk Reward Indicator Tool on WOBR StrategyVerse.