Risk-Reward - Trading view

[ozman]

Question : I was wondering if there is a tool similar to the trading view risk to reward tool. On trading view you can drag a zone to where you want your stop to be and where you want your profit to be taken at. It then calculates your risk to reward . I will leave a screenshot of it below. Thanks.


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[Joshua]

Not exactly, and thinkScript can not recognize mouse input. I do repurpose the quadrant line tool to do something sort of like this though. I think the default settings are something like 0.0, 0.25, 0.5, 0.75, and 1.0 -- but you can set it at something like 0.0 and 1.0 for stop and entry; and then at 2.0, 3.0, 4.0, etc., for multiples of reward to risk. Then you just click the entry and then the stop, and the reward lines auto-paint. You can probably do something similar by repurposing the fib tool, and there are probably other methods as well.

 

[sungbeen]

OP Did you ever find? I've been looking for it.

 

[MerryDay]

OP Did you ever find? I've been looking for it.

The ToS platform does not have the Tradingview tool.
@Joshua's workaround is what is available.

 

[spartan.ts]

I use the fibonacci drawing tool to get this affect. set fib plots to -1,0,1,2, 3, 4, etc.