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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All performance reports shown on this website are generated directly from the built-in trade reporting feature of our strategies - "Trade Log". The results reflect actual trades executed in the live market during the stated reporting period. No backtesting, no simulated environments, and no playback data were used in preparing these reports.

For the sake of clarity and transparency, the raw trade log data has been transformed into chart format and presented here for better visual appearance on the website, making it easier for traders to review and interpret performance across different markets and dates.

These reports are published strictly for informational and educational purposes and should not be considered financial advice or a guarantee of future performance.