OPEN-SOURCE SCRIPT
已更新

Risk to Reward Zones Customizer_PUBLIC

991
This powerful tool is designed to enhance your trading experience by allowing you to effectively assess the traditional Risk: Reward ratio based on key market levels when entering and exiting trades.

Our customizable Risk: Reward Zones empower you to tailor settings to fit your unique trading strategy.

For example, the default configuration presents the Risk: Reward ratio as a function of the Open Price in relation to Pre-Market Highs and Lows. This is particularly beneficial for day traders, clearly outlining standard risk tolerances of 1:1, 1:2, and 1:3 ratios.

To maximize your trading potential, if your target is set at the Pre-Market High, aim to minimize your risk to a maximum of 1:1. Should the price move beyond the shaded zone, seize the opportunity to reassess your target and consider exiting the trade.

You can easily adjust your target price (Key Levels) by navigating to the INPUT section of the Settings.

Leverage the "LONG RISK SOURCE" for bullish trade levels and the "SHORT RISK SOURCE" for bearish trade levels.

When determining your entry price, utilize the BASE SOURCE to choose from OPEN, DAILY HIGH, or DAILY LOW.

Stay tuned for ongoing enhancements as we continue to refine and improve your trading experience.
版本注释
New Updates

Custom Base Levels and Custom Target Levels
版本注释
Bug Updates. to dynamically adjust at close of current trading day

Fix to PDH & PDL

Fix Risk Zones
版本注释
Minor Updates to Level Lines to Horizontal Rays and Labeling. Added the previous Day's close level.
版本注释
Moved to v6 with the addition of ATR multiplier TP targets
版本注释
Updated Memory engine

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。