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.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.