User Submitted App Features: NinjaTrader 8 Compatible

This is the improved version of the Ultimate Risk Reward Indicator. the post is ultimate reward 2.0 but you will notice its actually called “RiskRewardBoxes” when you install it. the previous indicator was super buggy and it had to do with the way the brush renders were disposed.
This new version is very customizable now and will remain present when you update drawing colors or switch between charts.

add indicator to chart
draw a rectangle from your entry to your profit trigger, or until your risk line is where you want it, as shown by the end of the red rectangle which sets your target based on whatever risk reward ratio you choose.

as you expand the rectangle, the drawn rectangle becomes your entry to profit trigger
autogenerating a ratio determined risk rectangle and a second profit trigger point. the second profit trigger point is twice the amount of ticks from entry as the first profit target.

the only big item that isn’t changeable from the indicator menu is the second profit target. it is always double the first target. you can change it in the code and add it if you like as i have tried to add comments and make the code as easy to read as possible.

give it a try and if you make changes for the better or find ways to optimize or strategies to use that incorporate this indicator feel free to reach out and let me know if you want.

i apologize for the horrendous first upload of this indicator. i got it to work once and then uploaded it. and then once i actually used it at length i saw how horrible it worked lol. but this one i’ve been using without issue and wanted to send out the fixed version.

use it and abuse it!
-Casey

This indicator creates colored lines along the momentum line at higher highs and lower lows.
this indicator serves as a quick glance for identifying higher highs and lower lows in price along the line, but the reason for this indicator is to identify when momentum acts inverse to price.

when price makes a higher high but momentum is showing lower than the previous high, it signals a divergence and this could be an indication of price starting to reverse. same applies if lower low price shows higher momentum than previous low price.

Try it out and see if you like it. if you make it better or have questions or issues reach out.
Use it and abuse it!

-Casey