Greetings -
Interested in acquiring an ELD or other tool that would allow me to ascertain Reward to Risk (R Multiple) of a potential trade setup by clicking at different points on the chart. Does such a product exist? It would let me click at level of potential entry, level of stop loss and level of target price to quickly gauge anticipated R Multiple of the trade. Thanks.

mr11 

Greetings - Interested in acquiring an ELD or other tool that would allow me to ascertain Reward to Risk (R Multiple) of a potential trade setup by clicking at different points on the chart. Does such a product exist? It would let me click at level of potential entry, level of stop loss and level of target price to quickly gauge anticipated R Multiple of the trade. Thanks.

Here you go:

https://nexusfi.com/download/vip_elite_circle/1249-download.html?view

or

https://nexusfi.com/download/ninjatrader-7/indicators/846-download.html?view

vvhg

VVHG,

Thanks for the links.

Is there a way to port either of those tools into tradestation or is there a similar tool available for use on tradestation charts?

Regards,
MR11

mr11 

VVHG, Thanks for the links. Is there a way to port either of those tools into tradestation or is there a similar tool available for use on tradestation charts? Regards, MR11

As I really don't know anything about tradestation you would have to find someone else to answer that question...

Vvhg