Indicator that draws R:R on chart?

Wondering if there is an indicator that draws your RR on the chart? Like you could place your enter, then drag your SL and it'll automatically draw in TP for 1:1, 1:2, 1:3, etc.

I think it seems too useful and obvious not to exist yet.

Hello
You can just simply change the setting for the fibo tool in your MT4 and it does the job

What a great idea. Thanks!

I have made two MT4 scripts to draw those EP SL and TPs level..

see my Oct 2014 post# 43,061 in the TMS thread

you can download those two scripts here:

https://www.forexfactory.com/showthr...69#post7836469



when you use those scripts, you can saved them in your Navigator Favourites folder (your frequently used scripts) and simply you drag and drop it on the specific bar/candle of your trade entry. The script will calculate the SL and TP levels using the ATR.

like in this example below.