R/R Indicator

Risk / Reward Indicator Introduction

With a simple click of your mouse wheel, you can effortlessly draw risk reward extensions directly on your chart. Click below the bar for short extensions or above for long extensions. It's that easy!

1. Risk / Reward Indicator Installation

  1. Download Indicator: Download the Risk / Reward Indicator file. Save it in a location that is easily accessible.
  2. Import the Indicator: Open the NinjaTrader Control Center and navigate to Tools > Import > NinjaScript Add-On.... Choose the downloaded Risk / Reward Indicator file and click "Import" to add it to NinjaTrader.
  3. Confirm Import Messages: During the import process, you may receive confirmation messages. Click "Confirm" for each message to replace existing templates or files related to the strategy with the new ones.
  4. Restart NinjaTrader: After successful import, restart NinjaTrader to ensure you're using the latest version of the Risk / Reward Indicator.

<aside> 💡 During the import process, you may encounter multiple confirmation messages. Click "Confirm" for each message to replace existing templates or files related to the indicator with new ones.

</aside>

<aside> 📢 Note: You should always restart NinjaTrader after installing an update to ensure you are running the most recent code.

</aside>

2. Setting Up the Risk / Reward Indicator

  1. Open a chart in NinjaTrader where you want to use the Risk / Reward Indicator.
  2. Right-click on the chart and select Indicators...
  3. In the Indicators window, locate and select AdvancedRiskRuler Indicator from the list (under the MASCAPITALUK folder).
  4. Click OK to apply the indicator to your chart

ScreenRecorderProject1_1.mp4

3. How to use Advanced Risk Ruler Indicator?

After adding the indicator to the chart, you can easily print long and short risk/reward extensions by simply pressing the mouse wheel

To set a long risk/reward extension, just click your mouse wheel above the candle you're pointing to: