OPEN-SOURCE SCRIPT

Risk Grid R Levels

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This script is a TradingView Pine v5 overlay indicator that draws a custom risk grid based on your Entry Price and Stop Price (-1R).

It calculates one risk unit (1R) as the distance between entry and stop, then plots horizontal levels at -1R, 0R, +1R ... +6R.
0R is your entry, -1R is your stop, and positive levels are profit targets in risk multiples.

The lines are thin and extend only to the right.
Each level has a clean text label placed directly on the line (no badges), and you can control positioning with:

Line Offset (bars) for moving lines left/right
Label Offset (bars) for moving labels independently
If entry and stop are equal, the script shows an error label instead of drawing levels.

כתב ויתור

המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.