RRR with lines Indicator Download MT5 - Free [TradingFinder]

In financial markets, traders consider risk management an essential principle for achieving success and sustainability. The RRR Indicator in Meta Trader 5 helps traders calculate the Risk to Reward ratio.

This indicator draws three movable horizontal lines that assist traders in identifying “stop loss” and “take Profit” levels.

Specifications Table

Uptrend Condition

In the 1-hour Binance Coin (BNB) price chart, the three horizontal lines represent, in order: line 1 for the “take profit”, line 2 for the “stop loss”, and line 3 for the current price or entry point (Entry). The lines shown by the indicator are movable.

In a long (buy) trading position, the take profit is above the entry point, and the stop loss is below. A small box on the chart's margin indicates the risk-to-reward ratio for this trading position.

The number 1 represents the risk amount, and the number 2.71 represents the reward relative to the risk.

Downtrend Condition

The 30-minute Silver against the US Dollar (XAG/USD) price chart shows how the RRR Indicator works. It should be noted that, in a downtrend, the horizontal line for the take profit should be below the entry line, and the horizontal line for the stop loss should be above it.

In this chart, line 1 is the take profit, line 2 is the stop loss, and line 3 is the entry point. This time, the indicator box shows one as the risk amount and 3.98 as the reward relative to the risk.

Settings

• Theme: Choose between Dark and Light themes for the appearance;
• The corner for the box: Move the box to a different location;
• X coordinate: Move the box horizontally;
• Y coordinate: Move the box vertically;
• X width: Change the width of the information box;
• Y Height: Change the height of the information box;
• Font of Text: Set the font type for the text inside the information box;
• The font size of the Text: Adjust the font size in the information box;
• Text Color: Set the text color inside the information box;
• Background color: Change the background color of the information box;
• Border Color: Change the border color of the information box;
• Want to have box in the background: Make the information box a background element on the chart.

Conclusion

The RRR with lines Indicator clearly and simply represents the profit to loss ratio. Traders using this indicator, alongside other tools, can make more informed decisions, preserve their capital, and select positions with a logical RRR.