Automatic Risk-Reward Boxes from Historical Price Levels
Summary
The indicator automatically draws a risk-reward box on open charts using high and low prices from prior candles. A trader can drag the box and adjust its size and price levels to suit an analysis. The description presents the box as a charting aid for viewing a prospective trade’s risk and reward, rather than as a signal generator or automated trading strategy.
The version notes say that chart objects are redrawn on each tick and that the indicator can be attached to multiple charts. Those boxes are synchronized across charts by time and price, allowing the same levels to be viewed together. The document does not explain how the historical high and low are selected, how reward or risk is calculated, or how the display should guide position sizing. It provides no trading examples or performance evidence, so the tool supports visual planning but does not establish that any trade setup has an expected advantage.
Key ideas
- The indicator draws risk-reward boxes using high and low prices from earlier candles.
- Traders can move and resize the boxes to set desired price levels.
- The chart objects update on each tick.
- Boxes on multiple charts can stay aligned by time and price.
- The document describes a visual analysis tool, not a tested trading signal.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.