Reward/Risk Drawing Tool

The Reward/Risk drawing tool would allow you to click somewhere on a chart to define a trade entry price, stop price and a target price. It then displays the stop and distance from the entry price as well as the Reward/Risk ratio.
A value of 1 means that the based on the entry, stop and target prices, the potential profit will be equal to the potential loss.
A Reward/Risk value of 2 means that the potential profit will be three times the potential loss.

After installing this drawing item, right click on the "Bookmark Panel", select "Add Shortcut", select "Drawing Tool" from the list, click on "OK" then double click on the "RewardRisk" item.

Once added to the bookmark panel, double click on the shortcut and start defining your entry, stop and target prices by clicking on the chart.

Please note that after the Reward/Risk lines are plotted on the chart, you can update your entry, stop and target prices just by clicking on the them moving your mouse.

Technical Analysis

• Connors Alvarez MDD MDU Strategy
• US Indices
• Capital Allocation based on the Expected Market Volatility (VIX)
• Percentage of Bars a Trading rule Generates Buy/Sell Signals
• Relative Vigor Index - Signal Line
• Center of Gravity
• watchlist2
• Dynamic Position Sizing
• Number of successive increases in the volume
• Gap Up/Down Market Breadh Indicator
• More trading objects...

Fundamental Analysis

• Stock Industry Position
• St. Louis Fed Financial Stress Index
• Balance Sheet Data
• Dow Jones U.S. Technology Sector Index Fund survivorship bias-free database downloader
• Short Indicator
• Chicago Fed National Activity Index - CFNAI
• Job Creation Index
• Company Revenues - US Stocks
• Broker Ratings & Recommendations
• AAII Sentiment Survey - Historical Data
• More trading objects...