RagiBaba's 3:1 Risk-to-Reward Tool with Leverage

3 בדצמ׳

This indicator allows you to visualize a 3:1 risk-to-reward ratio for your trades on the chart. It automatically calculates and displays the Stop Loss and Take Profit levels based on your input for:

Entry Price
Trade Amount ($)
Risk Amount ($)
Leverage (x)
You can adjust the following settings:

Trade Direction: Choose between a Long or Short position.
Leverage: Enter the leverage value (e.g., 25x).
Entry Price: Set the price at which you plan to enter the trade.
Risk and Reward: Input the amount of money you're willing to risk and the desired reward (automatically calculated as 3 times your risk).
Label Position: Choose the label position for Entry, Stop, and Target (left, center, or right on the chart).

Each line has a corresponding label showing the price for Entry, Stop Loss, and Take Profit. The labels can be positioned on the left, center, or right side of the chart for better readability.

This tool helps you manage your trades by giving you clear visual cues for your entry, stop loss, and take profit levels with the option to adjust for leverage.