Description
Hey everyone,
I have created a drawing tool, similar to the Long/Short Drawing tool in TradingView.
How to use:
- Install the Indicator
- Search (Long Short) and Add the Indicator to your chart:
- This will Add 2 Buttons on the left middle side:
- To draw a LONG POSITION, click on “LP”, then Click anywhere on Chart
- This will create the drawing with R:R of 1 by default:
- Adjust the Rectangles to your desired area, the Target/Stop and RR will be automatically updated
Enjoy !!!!
Feedback/Improvement/Features are welcome in comments
[21-Aug-2023] Updates:
1. Added No of Bars
2. Added parameter for Button Location
Updates (2023-09-12):
- Added Parameter for Default R:R
- Added feature to Lock/Unlock R:R
How to use:
- Select the Rectangle (tp or sl)
- Click on Lock/Unlock Button
- Added Parameter for Default Lock/Unlock R:R
- Added Parameter to show values on new lines
- Added Duration in text
aksbenz
Joined on 26.09.2020
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Aks Risk Reward Long Short.algo
- Rating: 5
- Installs: 1432
Comments
Updates (2023-09-12):
- Added Parameter for Default R:R
- Added feature to Lock/Unlock R:R
How to use:
- Select the Rectangle (tp or sl)
- Click on Lock/Unlock Button
- Added Parameter for Default Lock/Unlock R:R
- Added Parameter to show values on new lines
@serm25173.
I tried the real-time update, but, unfortunately, CTrader does NOT provide real time updated value of Drawings, while they are being moved or resized. Only once the user has completed the change, then it provides the final value.
If in future Ctrader adds this feature, then I will update this tool.
Thanks.
Could you improve it more? So the pip number and RR to be updated real time when we drag mouse to resize TP box or SL box height.
Thank you very very much. I've been searching for long time.
Updated:
1. Added No of Bars
2. Added parameter for Button Location
I hope to introduce the calculation of position size next time