I'm using the indicator in the Ninjatrader 7 download area marked "Risk-Reward" but I don't understand how to set it up. Any tips?
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NinjaTrader
Risk/Reward indicator.
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Drakmyre, here are the instructions provided from the original developer :
If you can't see the lines, try grabbing the Y Axis scale with your mouse to extend it's scaling limits so you could see levels further out.Calculate Risk Reward Ratio from use Drawn price levels:
Draw 3 Horizontal lines, edit each and change the Tag Names to 'Entry', 'Stop', 'Target' respectively
May have multiple targets named 'Target<x>' where <x> can be any text that makes all targets unique
Risk/Reward will be calculated based on the price location of these lines
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FWIW - I have a problem with this indicator that must be caused by a conflict with another indicator on my charts. What happens is that the RR value becomes stuck at a random value even though all three lines show the correct price.
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