Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Looking for a tool to quickly ascertain R Multiple of a potential trade setup
Greetings -
Interested in acquiring an ELD or other tool that would allow me to ascertain Reward to Risk (R Multiple) of a potential trade setup by clicking at different points on the chart. Does such a product exist? It would let me click at level of potential entry, level of stop loss and level of target price to quickly gauge anticipated R Multiple of the trade. Thanks.
Can you help answer these questions from other members on NexusFi?
This is a spinoff of the vvSuperGauge, no button, controlled with the middle mouse button.
It shows position sizing and has two modes: R/R or fixed targets.
Supports up to 3 targets and one stop.
Current version: 1.7
Thread is here:https://ww …
Risk Reward and Position Sizing Indicator
Calculates Risk/Reward and Position Sizing for trade planning using horizontal lines drawn at potential trade Entry, Stop and Target. The indicator will automatically update the risk/reward and position sizing …
