BEST Risk to Reward Utility — Indicator by Daveatt

volatility trendanalysis riskreward reward rewards labels alerts profitview 3commas autoview daveatt

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

💰 Discord: https://discord.gg/MVrgr

⏩ Signals/Pricing: https://best-trading-indicator.com/pages/pricing

🐦 Twitter: https://twitter.com/bti_trading

👉 Get a $30 discount on TradingView: https://bit.ly/2UM5OA0

📺 Youtube: https://bit.ly/3bKvnZu

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?