OPEN-SOURCE SCRIPT
RONBO SELL - BUY
How the Script Works (Technical Breakdown)This script uses the latest Pine Script v6 standards to handle mathematical calculations and real-time visual rendering seamlessly.
1. Position Size CalculationThe core formula determines your exact trade volume based on your risk tolerance. It dynamically tracks the distance between your Entry and your Stop Loss:
$$\text{SL Distance} = |\text{Entry Price} - \text{Stop Loss Price}|$$$$\text{Position Size} = \frac{\text{Risk Amount (€)}}{\text{SL Distance}}$$
This ensures that no matter how wide or tight your Stop Loss is, your maximum loss remains exactly fixed to your specified risk amount (e.g., €620).
2. Reward Target Projections (R-Multiples)The Take Profit (TP) levels are not static percentages; they are calculated using strict Risk-to-Reward multipliers based on your initial risk unit
($1\text{R}$):TP1 ($1\text{R}$): $\text{Entry} + \text{SL Distance}$ (Draws a light green line, representing an equal return to your risk).TP2 ($2\text{R}$): $\text{Entry} + (\text{SL Distance} \times 2)$ (Draws a light green line, representing double your return).TP3 ($3\text{R}$): $\text{Entry} + (\text{SL Distance} \times 3)$ (Draws a solid green line, representing triple your return).
3. Optimized v6 Visual AnchoringTo keep the trading chart perfectly clean, the script utilizes a forward-projection rendering method:Execution Guard (barstate.islast):
The code strictly executes on the live, real-time candle. It instantly deletes the drawings from the previous tick and draws new ones. This eliminates historical "ghost lines" and keeps your chart lag-free.
Vector Extensions (extend.right):
The entry, stop loss, and target lines originate precisely at the current candle's bar_index and extend infinitely into the future space on the right. Margin Labels (label.style_label_left):
By shifting the coordinate anchor to the right (bar_index + offset), the data boxes float cleanly in the blank margin space overlaying the price axis, ensuring they never block your view of the candlesticks.
1. Position Size CalculationThe core formula determines your exact trade volume based on your risk tolerance. It dynamically tracks the distance between your Entry and your Stop Loss:
$$\text{SL Distance} = |\text{Entry Price} - \text{Stop Loss Price}|$$$$\text{Position Size} = \frac{\text{Risk Amount (€)}}{\text{SL Distance}}$$
This ensures that no matter how wide or tight your Stop Loss is, your maximum loss remains exactly fixed to your specified risk amount (e.g., €620).
2. Reward Target Projections (R-Multiples)The Take Profit (TP) levels are not static percentages; they are calculated using strict Risk-to-Reward multipliers based on your initial risk unit
($1\text{R}$):TP1 ($1\text{R}$): $\text{Entry} + \text{SL Distance}$ (Draws a light green line, representing an equal return to your risk).TP2 ($2\text{R}$): $\text{Entry} + (\text{SL Distance} \times 2)$ (Draws a light green line, representing double your return).TP3 ($3\text{R}$): $\text{Entry} + (\text{SL Distance} \times 3)$ (Draws a solid green line, representing triple your return).
3. Optimized v6 Visual AnchoringTo keep the trading chart perfectly clean, the script utilizes a forward-projection rendering method:Execution Guard (barstate.islast):
The code strictly executes on the live, real-time candle. It instantly deletes the drawings from the previous tick and draws new ones. This eliminates historical "ghost lines" and keeps your chart lag-free.
Vector Extensions (extend.right):
The entry, stop loss, and target lines originate precisely at the current candle's bar_index and extend infinitely into the future space on the right. Margin Labels (label.style_label_left):
By shifting the coordinate anchor to the right (bar_index + offset), the data boxes float cleanly in the blank margin space overlaying the price axis, ensuring they never block your view of the candlesticks.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。