Modifying Risk - Reward Drawing Tool in NT8

[JamesEM]

Hi All,

I'd like to create a tool (or modify the native version) similar to the "Risk - Reward" drawing tool.

Rather than set the R:R (I know you can change the R:R value in "properties") and have the tool set the target based on the entry and stop, I need to be able to move the target line on the chart and show the new R:R somewhere on the chart.

Of course, currently, if you move the target, the stop is adjusted to maintain the predefined R:R. I need it to be dynamic based on the movement of any of the three data points (ent, stp, tgt).

Any help with this would be appreciated! Chat GPT worked for one indicator then someone caught on and limited it's capabilities!

[NinjaTrader_Jesse]

Hello JamesEM,

If you want to manually move the line you would have to add mouse handing for that in a new tool, unfortunately that is fairly complicated and not something I could just detail how to exactly do that. It would require modifications and testing to make that change. If you wanted to do that you can make a copy of the original tool and then edit its code to be how you wanted it to work.

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[JamesEM]

Hey there Jesse - Thanks for the quick response.

"If you wanted to do that you can make a copy of the original tool and then edit its code to be how you wanted it to work."

Could you tell me how to do this? Then I can try to figure it out as I go.

"...and not something I could just detail how to exactly do that"

Maybe if you give me a brief overview of what I need to look at? Then, as I said, I can figure out the details with some modifications and testing.

Thanks in advance for any additional help.


James

[NinjaTrader_Jesse]

Hello JamesEM,

To make copies of existing items you can open them in the editor -> right click -> Save as. That will create a copy of the script hat you can edit.

Drawing tools are fairly complex coding tasks so there is not one specific area that I could detail. you will need to go through the mouse handling logic for the anchors if you want to change the anchors/mouse portion at all. The other part would be OnRender, that is where the lines are drawn to the screen. If you want to change how its drawing that would be the section to go through.