OPEN-SOURCE SCRIPT
Risk/Reward Visualizer - Trade Management [Dots3Red]
🎯 RISK/REWARD VISUALIZER — POSITION SIZER & OUTCOME TRACKER [Dots3Red]
A risk/reward calculator answers one question and then forgets it existed. Click three prices on your chart — entry, stop, target — and this tool draws the zones, sizes the position from your account risk, and shows the ratio plainly. But it also remembers. Every plan you set is tracked to its actual outcome, building a real record of how your own planning has played out over time.
✨ WHY THIS MATTERS
This script treats every set of levels you draw as a real plan worth remembering — not just a static suggestion.
📊 Plans Resolved: 14W / 6L Hit Rate: 70% Total R: +9.2R
That's not a backtest of a strategy. It's a running record of the actual entry/stop/target combinations you personally set on this chart and what genuinely happened to each one afterward.
⚙️ HOW IT WORKS
🖱️ Click-to-place levels — Entry, Stop Loss, and Target are set by clicking directly on the chart rather than typing numbers into a settings box. Direction is detected automatically: if your stop sits below entry, it's read as long; above entry, short.
💰 Position sizing from account risk — enter your account size and how much of it you're willing to risk per trade (as a percentage), and the script calculates exactly how large a position keeps that risk fixed regardless of how wide your stop is. The result is rounded to whatever step size fits your instrument — whole shares, or fractional units for crypto.
📏 Risk and reward zones — the space between entry and stop is shaded as your risk; the space between entry and target as your reward. Seeing both zones side by side on the chart makes a lopsided plan (all risk, little reward) visually obvious in a way a bare number doesn't.
🧾 Plan tracking — every distinct entry/stop/target combination is treated as its own plan. When price later reaches either level, the plan resolves:
• Target hit — counted as a win, and the actual R multiple achieved is added to your running total
• Stop hit — counted as a loss (–1R)
• Same-bar ambiguity (a single bar's range touches both stop and target) always resolves as a loss — the conservative, honest call when intrabar order can't be known
• Neither hit within the tracking window — dropped from the record entirely, counted as neither a win nor a loss
Setting new levels automatically starts a new plan; the previous one, if still unresolved, is simply dropped from active tracking without being force-graded.
🔒 Non-repainting — all outcome grading happens strictly on confirmed bars.
🧭 HOW TO USE
1️⃣ Set your account size and risk % first, before placing levels — this is what turns a simple price plan into an actual position size you can act on.
2️⃣ Click Entry, then Stop, then Target on the chart. The dashboard updates immediately with direction, R:R ratio, position size, and dollar risk/reward.
3️⃣ Use the zones to sanity-check the plan visually before committing — a reward zone that looks tiny next to a wide risk zone is worth reconsidering even if the calculated ratio technically clears your minimum.
4️⃣ Check your plan history periodically, not just the current plan. A single setup can look great in isolation; the accumulated hit rate and total R tell you whether your actual level-picking has been working over time.
5️⃣ Adjust the tracking window to match your typical hold time — a scalper and a swing trader need very different values for how many bars a plan should be given before it's dropped as inconclusive.
🛠️ SETTINGS
🎯 Trade Levels — Entry, Stop Loss, Target — each set by clicking on the chart
💰 Account & Risk
• Account Size, Risk per Trade (%) — drive the position size calculation
• Position Size Rounding — match this to your instrument's minimum tradable increment
🎨 Visualization
• Risk/Reward Zones, Level Labels — toggle independently
• Max Bars to Track a Plan — how long an unresolved plan stays active before being dropped
🖥️ Dashboard — show/hide, position — direction, R:R ratio, position size, dollar risk/reward, and the full plan history in one place
📝 NOTES
Only one plan is actively tracked for outcome purposes at a time — setting new levels while a previous plan is still pending drops that previous plan from the record without grading it, rather than running two plans in parallel. This is a planning and tracking tool: it does not know your actual fills, slippage, or whether you genuinely took the trade — it measures what price did relative to the levels you set, not your live trading result.
⚠️ DISCLAIMER
This is an analytical and visualization tool. It does not generate trade signals, does not execute trades, and does not constitute financial advice. Historical plan outcomes do not guarantee how any future plan will resolve.
A risk/reward calculator answers one question and then forgets it existed. Click three prices on your chart — entry, stop, target — and this tool draws the zones, sizes the position from your account risk, and shows the ratio plainly. But it also remembers. Every plan you set is tracked to its actual outcome, building a real record of how your own planning has played out over time.
✨ WHY THIS MATTERS
This script treats every set of levels you draw as a real plan worth remembering — not just a static suggestion.
📊 Plans Resolved: 14W / 6L Hit Rate: 70% Total R: +9.2R
That's not a backtest of a strategy. It's a running record of the actual entry/stop/target combinations you personally set on this chart and what genuinely happened to each one afterward.
⚙️ HOW IT WORKS
🖱️ Click-to-place levels — Entry, Stop Loss, and Target are set by clicking directly on the chart rather than typing numbers into a settings box. Direction is detected automatically: if your stop sits below entry, it's read as long; above entry, short.
💰 Position sizing from account risk — enter your account size and how much of it you're willing to risk per trade (as a percentage), and the script calculates exactly how large a position keeps that risk fixed regardless of how wide your stop is. The result is rounded to whatever step size fits your instrument — whole shares, or fractional units for crypto.
📏 Risk and reward zones — the space between entry and stop is shaded as your risk; the space between entry and target as your reward. Seeing both zones side by side on the chart makes a lopsided plan (all risk, little reward) visually obvious in a way a bare number doesn't.
🧾 Plan tracking — every distinct entry/stop/target combination is treated as its own plan. When price later reaches either level, the plan resolves:
• Target hit — counted as a win, and the actual R multiple achieved is added to your running total
• Stop hit — counted as a loss (–1R)
• Same-bar ambiguity (a single bar's range touches both stop and target) always resolves as a loss — the conservative, honest call when intrabar order can't be known
• Neither hit within the tracking window — dropped from the record entirely, counted as neither a win nor a loss
Setting new levels automatically starts a new plan; the previous one, if still unresolved, is simply dropped from active tracking without being force-graded.
🔒 Non-repainting — all outcome grading happens strictly on confirmed bars.
🧭 HOW TO USE
1️⃣ Set your account size and risk % first, before placing levels — this is what turns a simple price plan into an actual position size you can act on.
2️⃣ Click Entry, then Stop, then Target on the chart. The dashboard updates immediately with direction, R:R ratio, position size, and dollar risk/reward.
3️⃣ Use the zones to sanity-check the plan visually before committing — a reward zone that looks tiny next to a wide risk zone is worth reconsidering even if the calculated ratio technically clears your minimum.
4️⃣ Check your plan history periodically, not just the current plan. A single setup can look great in isolation; the accumulated hit rate and total R tell you whether your actual level-picking has been working over time.
5️⃣ Adjust the tracking window to match your typical hold time — a scalper and a swing trader need very different values for how many bars a plan should be given before it's dropped as inconclusive.
🛠️ SETTINGS
🎯 Trade Levels — Entry, Stop Loss, Target — each set by clicking on the chart
💰 Account & Risk
• Account Size, Risk per Trade (%) — drive the position size calculation
• Position Size Rounding — match this to your instrument's minimum tradable increment
🎨 Visualization
• Risk/Reward Zones, Level Labels — toggle independently
• Max Bars to Track a Plan — how long an unresolved plan stays active before being dropped
🖥️ Dashboard — show/hide, position — direction, R:R ratio, position size, dollar risk/reward, and the full plan history in one place
📝 NOTES
Only one plan is actively tracked for outcome purposes at a time — setting new levels while a previous plan is still pending drops that previous plan from the record without grading it, rather than running two plans in parallel. This is a planning and tracking tool: it does not know your actual fills, slippage, or whether you genuinely took the trade — it measures what price did relative to the levels you set, not your live trading result.
⚠️ DISCLAIMER
This is an analytical and visualization tool. It does not generate trade signals, does not execute trades, and does not constitute financial advice. Historical plan outcomes do not guarantee how any future plan will resolve.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Connect the dots to elevate your trading.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Connect the dots to elevate your trading.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.