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 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.