Using Pinescript to create custom Risk Reward Ratio (RRR) boxes with custom vertical time markers to help traders stay mindful of how long they've been in a trade.
//Usage: -Add indicator to chart and you'll be prompted to click three times: -- 1: Choose time (clicking last bar will mark entry as current candle's open). -- 2: Click BOX TOP of RRR box on chart (long or short is toggled later). -- 3: Click BOX BOTTOM of RRR box on chart (long or short is toggled later). - then toggle Long or short in the dialog box. -toggle on/off vertical time line markers (as reminder of how long you've been sat in your trade). -User input choice of time line marker spacings (in minutes).
//Notes: -Percentage reward and percentage risk are displayed in each of the risk reward boxes. Risk-Reward ratio is also displayed in the upper box. -Bars to extend the RRR box to the right is also a custom user input. -Note the 'entry' of the trade will always be the open of the candle you click on (the first click on loading the indicator). -You can drag the vertical entry time and the horizontal box-top and box-bottom times dynamically, as you like, as trade progresses.
//Use-Case: -I wanted a RRR box which gave me custom vertical time markers to keep me mindful of overstaying my welcome in a trade that likely was running out of steam and wasn't likely to go my way. Forcing me to stay nimble. I have found in daytrading that if a trade doesn't go your way promptly, it's often not a good one to hold.
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-Added formatting options: vertical & horizontal text position, text size, dialog groups
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-Added option to simply plot 'floating' RR box where entry resets on each bar (default is OFF)
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-fixed error in code -added price distance label from entry to target; entry to stop -NB: if after some time boxes are not displaying or mis-displaying, then price has travelled beyond the box and you need to reset points. Click three dots on indicator display line >> 'reset points'. Otherwise, simply drag box top and box bottom to change TP/SL.
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-automatically show price ranges in pips for Forex, and in $ for Futures/Crypto
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-change code to fix negative numbers when box is flipped. -update tooltips.
Nice Job Bro , if possiable add for long or short when we click candle it should take high and of the candle entry and stoploss and entry stoploss point make it as target 12345...;)