Sierra Chart: Live Risk/Reward Chart Lines Real Time
PLEASE READ FIRST: This series of studies is configured to run on the provided chart, and does NOT easily translate to other charts. The default chart shows the risk reward lines perfectly, but it takes modification from the user in order to apply to other charts, if that's an issue consider waiting for the next release.
Are you tired of using the default Risk Reward tool in Sierra Chart? This chartbook allows your to set basic parameters to view the Risk/Reward of your trading positions based on stop loss distance, to have lines drawn to visualize the Risk/Reward levels automatically.
Simply set the stop loss distance in points and you will see: 1R, 2R, 3R, 5R, 10R distances that change real-time based on set stop loss, for both gains and losses. Only requires you to set 1 value in 1 study, very easy.
Coming Soon New Release: Dec 2022
- version for volume based RR, where Position Qty * Risk Distance
- DLL version to better apply studies to other charts
This product includes a chartbook(s) which are available for download immediately after purchase, with full access to the chartbook and/or studies included. Please do not re-distribute the exact files included.
Trading futures/crypto carries a high degree of risk, past performance is not indicative of future results, absolutely no tools or products sold should be considered financial advice or used in the decision making for investments or trading. For educational and entertainment purposes only.
Sierra Chartbook file