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Auto risk:reward

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  • Auto risk:reward

    I am looking for risk to reward analysis tool using FIB projections.

    I do not how i would program something like this, maybe someone can point me to an existing efs or give me some of some kind of help.

    Simply:

    - Using FIB 0% - 100% on any swing high to low.
    - Then using the fib 1.618 as the target price projection.
    - The stop will be calculated as the fib 0% minus another fib 0.25% projection backwards.

    This is just simple use of fib tool with a negative backward fib projection for stop loss.

    However, i would like to use this on the chart as i use FIB now but it has to automatically to comute the number of points im risking and number of points reward (obviously once i have drawn the fib lines).

    Simply then a command box will show me the list of figures and the simple computed Risk : Reward.

    I have made this as a clear as i can but finding it very difficult to even start to program this.
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