//+------------------------------------------------------------------+ //| Risk / Reward Ratio.mq4 | //| Bruno Gaiteiro | //| bgaiteiro@gmail.com | //+------------------------------------------------------------------+ #property copyright "Copyright © 2009, bgaiteiro" #property link "bgaiteiro@gmail.com" #property indicator_chart_window //---- input parameters extern string SLLevel="SLPrice"; extern string TPLevel="TPPrice"; extern string note2 = "Default Font Color"; extern color FontColor = Black; extern string note3 = "Font Size"; extern int FontSize=20; extern string note4 = "Font Type"; extern string FontType="Trebuchet MS"; extern string note5 = "Display the price in what corner?"; extern string note6 = "Upper left=0; Upper right=1"; extern string note7 = "Lower left=2; Lower right=3"; extern int WhatCorner=2; //+------------------------------------------------------------------+ //| Custom indicator initialization function | //+------------------------------------------------------------------+ int init() { IndicatorShortName("TSR"); if (ObjectFind(SLLevel)==-1) { ObjectCreate(SLLevel,OBJ_HLINE,0,0,Close[0]); ObjectSet(SLLevel,OBJPROP_COLOR,Red); } if (ObjectFind(TPLevel)==-1) { ObjectCreate(TPLevel,OBJ_HLINE,0,0,Close[0]); ObjectSet(TPLevel,OBJPROP_COLOR,Green); } return(0); } //+------------------------------------------------------------------+ //| Custom indicator deinitialization function | //+------------------------------------------------------------------+ int deinit() { //---- ObjectDelete(SLLevel); ObjectDelete(TPLevel); ObjectDelete("RiskReward_ratio"); Comment(""); //---- return(0); } //+------------------------------------------------------------------+ //| Custom indicator iteration function | //+------------------------------------------------------------------+ int start() { //---- double RiskReward_ratio=0, SL_price=0, TP_price=0; string Text=""; int i=0; if (ObjectFind(SLLevel)==-1) return(0); SL_price = ObjectGet(SLLevel, OBJPROP_PRICE1); if (ObjectFind(TPLevel)==-1) return(0); TP_price = ObjectGet(TPLevel, OBJPROP_PRICE1); RiskReward_ratio = (TP_price - Bid) / (Bid - SL_price); Text = "Risk/Reward Ratio 1 : " + DoubleToStr(RiskReward_ratio,2) + "\n" ; Comment(Text); string RiskReward_ratio2 = DoubleToStr(RiskReward_ratio,2); ObjectCreate("RiskReward_ratio", OBJ_LABEL, 0, 0, 0); ObjectSetText("RiskReward_ratio", "1 : " + RiskReward_ratio2, FontSize, FontType, FontColor); ObjectSet("RiskReward_ratio", OBJPROP_CORNER, WhatCorner); ObjectSet("RiskReward_ratio", OBJPROP_XDISTANCE, 10); ObjectSet("RiskReward_ratio", OBJPROP_YDISTANCE, 10); return(0); } //+------------------------------------------------------------------+