Risk / Reward Indicator for NinjaTrader 8 — Click-to-Plot Extensions, Currency/Ticks

R/R Indicator lets you draw clean, labeled risk/reward extensions with a single middle-mouse click. Click above a candle to project a long setup, or below a candle to project a short—no manual lines, no head-math.

Below you’ll find installation, setup, one-click usage, every parameter tab, negative-R levels, currency/tick math, max-risk alerts, and troubleshooting. Images link to themselves for lightbox, and short demo videos are embedded for quick learning.

Table of Contents 🔗

Introduction 🔗

Plot 0.5R–3R (and optional negative-R) levels in one click. The indicator computes distances in ticks or points and shows currency values based on your instrument and contract count.

You can enable a max-risk alert (in ticks), set distinct line widths/colors per level, and add a half stop for staged risk control. Everything is adjustable from intuitive tabs.

1) Installation (Import NinjaScript) 🔗

  1. Download the R/R Indicator .zip.
  2. In Control Center: Tools > Import > NinjaScript Add-On… → select the file.
  3. Confirm any prompts to replace components.
  4. Restart NinjaTrader 8 to load the latest code.

2) Set Up on a Chart 🔗

  1. Open your chart → right-click → Indicators…
  2. Select AdvancedRiskRuler under MASCAPITALUK → OK.

Tip: The action is bound to middle-mouse (wheel) click by design. Many mice let you remap the wheel button in their software.

3) How to Use the R/R Indicator 🔗

3.1 Plot a Long Extension 🔗

Hover the candle and click the mouse wheel above the candle (top half). The tool anchors entry and projects stop/targets upward.

3.2 Plot a Short Extension 🔗

Click the mouse wheel below the candle (bottom half). Entry anchors and the tool projects stop/targets downward.

3.3 Remove the Extension 🔗

Click the same bar a second time with the mouse wheel to clear all projected lines for that bar.

Note: Levels are computed from the clicked bar’s OHLC. You can switch to Open/Close logic for entry and/or stop in settings, and nudge both with tick adjustments.

4) Indicator Parameters & Configuration 🔗

4.1 “Entry / Stop Level” 🔗

Parameter Default Description
Use Close / Open for Stop false Compute stop from Open/Close instead of High/Low.
Use Close / Open for Entry false Compute entry from Open/Close instead of High/Low.
Use Previous Bar as Stop false Base stop on the previous candle instead of the clicked one.
Stop Adjust Ticks 1 Nudge stop beyond the bar extreme by N ticks.
Entry Adjust Ticks 1 Nudge entry beyond the bar extreme by N ticks.
Show Stop #2 (Half) false Optional half-risk stop line for staged risk control.

4.2 “Misc (Math & Display)” 🔗

Parameter Default Description
Convert Ticks to Points? false Toggle distances between ticks and points.
Show Currency Value true Show P/L at each level using instrument point value.
Show Ticks true Display tick/point counts next to labels.
Amount of Contracts 1 Contract multiplier for currency calculations.

4.3 “Ruler Appearance & Risk” 🔗

Parameter Default Description
Ruler Width #Bars 10 How many bars the lines extend to the right.
Max. Risk Ticks 999 Displays a warning marker when stop size exceeds this value. Set to 0 to disable.

4.4 “Levels, Colors & Widths” 🔗

  • Positive levels: R0.5 / R1 / R2 / R3 — visibility, color, width, multiplier, tick offset.
  • Negative levels: −R0.5 / −R1 / −R2 / −R3 — optional downside projections with independent colors/widths.
  • Text Brush & Font: label color and font (e.g., Arial 15).

5) Pro Details (What’s Really Happening) 🔗

  • Input gesture: listens for middle-mouse presses on the main chart panel to set/clear the clicked bar.
  • Toggle to clear: clicking the same bar again removes all lines for that anchor.
  • Overlay drawing: labels are drawn on top so values remain readable above price.
  • Rounding: prices are rounded to tick size; currency = tick/point distance × point value × contracts.
  • Performance: lightweight updates with suspension when the tab/window is inactive.

6) Troubleshooting 🔗

  • No lines on click? Ensure your device sends a true middle-mouse signal. Remap the wheel button if needed.
  • Labels overlap UI? Lower font size, shorten Ruler Width #Bars, or hide unneeded levels.
  • Currency looks off? Check Amount of Contracts, Convert Ticks to Points, and the instrument’s point value.
  • Stops too tight/loose? Use Use Close/Open, Use Previous Bar as Stop, and small Adjust Ticks to refine anchors.
  • Risk too large? Adjust anchor or Stop Adjust Ticks, and set a realistic Max. Risk Ticks threshold.

7) FAQ 🔗

Can I change colors?
Yes. Each level—positive and negative—has its own brush and width. Text brush and font are configurable.

Can I move R/R lines by dragging?
No. Lines are computed from the clicked bar’s OHLC. Use the tick-adjust and Open/Close options to fine-tune.

How do I remove lines?
Middle-click the same bar again to clear the extension.

How do I account for multiple contracts?
Increase Amount of Contracts. Currency labels scale P/L automatically.

Can I show negative R levels?
Yes. Enable −R levels and style them separately for clarity.

8) Resources & Support 🔗

Need help activating or configuring? Email [email protected]. Add screenshots of your chart and settings for faster support.

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