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Daveatt
12 mar 2020 13:22

BEST Risk to Reward Utility 

Bitcoin / TetherUSBinance

Beskrivning

Hello Traders

This is a proof of concept and a cool pinescript utility

It displays a risk to reward division as a fractional value.

For example

Risk: 300
Reward: 600

This will be displayed as 1/2 as we can earn 2 units for a potential loss of 1 unit
(600/300 = 2) for those wondering the NASA level mathematics behind :)

Best regards
Dave
Kommentarer
TradeBuddy2019
hello @Daveatt
how would i do this for both Long and Shorts would i just change all the + to - and - to + ???
Daveatt
@TradeBuddy2019, it's already doing it for both Longs and Shorts
it's based on user inputs at the very top of the script

rational_SL = input(300, title="Stop Loss Distance", type=input.float) rational_TP = input(600, title="Take Profit Distance", type=input.float)
syrinxflunki
V. Interesting !
Daveatt
@syrinxflunki, thank you sir avatar of a volleyball from a famous Tom Hanks movie :)
Mer