A simple indicator that calculates your amount per pip for candle risk trades and ranges so that you don’t have to calculate. Ideal for faster trading or simply freeing up your personal resources when trading. Allows better execution and risk management of trades when trading faster charts and you don’t get distracted by calculations when trading any timeframe.
Just set for the chart, save presets for future reference and use the amount in the trade ticket to maintian risk management.
This can speed up your entries allowing for better risk management by doing the calculation for you when using candle risks and ranges.
Simply put your spread and clearance in and your amount of risk once. Save presets for different trading time spreads.
Add to price to display on chart.
Watch the Video below for fuller explanation:
The indicator sows your amount per pip risk, stop in pips, for current candle, prior candle , and user specified range. Includes ATR stop and amounts version indicator as well.
Linespacing, horizontal placement and vertical placement is fully customiseable.
Configuration window Below:
Configuration Window for risk calculator
Display of data on chart
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