OPEN-SOURCE SCRIPT
RONBO Dynamic Risk/Reward indicator
The RONBO Dynamic Risk/Reward indicator is a clean, modern position-sizing and trade-planning tool designed for TradingView (Pine Script v6). It streamlines your execution by automatically calculating your exact position size and projecting key profit targets directly onto your chart based on your predefined risk.
Instead of cluttering your historical chart data, all lines and labels dynamically anchor to the most recent market candle and extend cleanly into the right-hand margin. This keeps your price action clear and free of distractions.
Key Features
Automated Position Sizing: Input your desired entry price, stop loss, and the exact fiat amount (e.g., €620) you are willing to risk. The indicator instantly calculates and displays the precise position size (Pos) required for the trade.
Smart Reward Targets: Automatically projects three distinct Take Profit levels based on fixed Risk-to-Reward ratios:
TP1: 1:1 Risk-to-Reward (+1R profit)
TP2: 2:1 Risk-to-Reward (+2R profit)
TP3: 3:1 Risk-to-Reward (+3R profit)
Clean Real-Time Layout: All tracking lines initiate directly from the live candle and project forward. Labels are pushed neatly into the right margin space so they never overlap your setup or indicators.
How to Use
Open the indicator settings.
Enter your Entry Price, Stop Loss (SL), and your Risicobedrag (Risk Amount).
Use the calculated Pos value to accurately size your order on your exchange.
Optional: Adjust the "Label Afstand Rechts" setting to push the data boxes further into the right margin depending on your screen layout.
Instead of cluttering your historical chart data, all lines and labels dynamically anchor to the most recent market candle and extend cleanly into the right-hand margin. This keeps your price action clear and free of distractions.
Key Features
Automated Position Sizing: Input your desired entry price, stop loss, and the exact fiat amount (e.g., €620) you are willing to risk. The indicator instantly calculates and displays the precise position size (Pos) required for the trade.
Smart Reward Targets: Automatically projects three distinct Take Profit levels based on fixed Risk-to-Reward ratios:
TP1: 1:1 Risk-to-Reward (+1R profit)
TP2: 2:1 Risk-to-Reward (+2R profit)
TP3: 3:1 Risk-to-Reward (+3R profit)
Clean Real-Time Layout: All tracking lines initiate directly from the live candle and project forward. Labels are pushed neatly into the right margin space so they never overlap your setup or indicators.
How to Use
Open the indicator settings.
Enter your Entry Price, Stop Loss (SL), and your Risicobedrag (Risk Amount).
Use the calculated Pos value to accurately size your order on your exchange.
Optional: Adjust the "Label Afstand Rechts" setting to push the data boxes further into the right margin depending on your screen layout.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.