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thinkorswim Reward/Risk Map 2016-02-02

Identifies bars with a X:1 trading opportunity either fading or continuing the existing price action

  1. Fil
    A visualized mapping of user-specified Reward/Risk ratio opportunities along with aggregated statistics for percentage of actionable bars, % trades which are continuations, % trades which are fades, and overall Reward/Risk averages.

    For additional info see link to thread URL in right "Information" pane.

    rr_demo.jpg

    rr_map_zoom_in.jpg

Recent Reviews

  1. eddiebmercury
    eddiebmercury
    5/5,
    Version: 2016-02-02
    Great study. Very useful.
  2. Kevin C Kettring
    Kevin C Kettring
    5/5,
    Version: 2016-02-02
    Wonderful Job Fil! I am having trouble getting it to fit in my price Pane properly. Could I kindly ask for a chart sharelink of your set up?
    I also like the idea of using your stats in my trade journal. Great scripting I am taking notes. Thanks Kevin
  3. kubrick
    kubrick
    5/5,
    Version: 2016-02-02
    great
    1. Fil
      Author's Response
      Glad you found it of use