Risk-Reward Visual Tool for Metatrader

Does anyone know of a tool/indicator that you could visually use like Fib?

The idea is that you can set your Risk:Reward ratio and just click and drag to the point you wish.

Thank you in advance

Edit: It does not need to do anything other that just display the two levels based on the ratio given...

Nothing that I know of...

Explain more what you need and I will take a look, no promises.
Assume you want a line from a low to a high .... what risk/profit lines do you want and what variables do you want to set yourself?

Ok, hope this helps...

What it will be used for is determining the Stops and TP's visually based how the user presets it.

Let's say in this instance I wanted to determine a 1:1 Risk-Reward ratio visually.
I click and drag to desired spot (for instance a high) and it shows you the equal in opposite direction.

The only variable should be colour and I'd say two ratios.
Thanks for taking a look

Ok, did this b4 your reply.
Take a look and tell me what is right/wrong

HTH

Yeah that works great! Damn you're fast

-=Edit=- Feel free to polish it however you like you already gave more than I expected
For my use this is great for quickly determining my stops based on what type of Risk:Reward Ratio I choose

Thank you very much

No polish available ;-)

If you need a different brand you will need to let me know and I will go shopping!

Hehe, will do ;P

I think this will be helpful in Candlestick trading - who knows I might be wrong

-=Edit=- After some back testing my strategy it looks like it works like a DREAM!

Made a couple of small adjustments...
Hope you don't mind

You don't need an indicator to do this. Use MT4's Fibonacci Channels tool in the manner described in the "How to create a ruler to measure multiple R-multiple profit targets" document attached to post #1 in the sticky "MT4 Navigational tips & techniques" thread.

Ah, thank you that will work nicely too.

thanks a lot, very useful.

Hi..I saw profit and risk line..may I know where is the entry line? Thank you