Risk Reward Ratio Calculator Indicator for MT5 [TFlab]

The 📊 R/R Ratio Calculator Indicator for MT5 is a practical money management tool that helps traders create Take Profit (TP) and Stop Loss (SL) levels directly on the chart while instantly calculating the ⚖️ Risk-to-Reward ratio (R/R) for each trade.

This indicator features a management panel and a movable display box that shows TP, SL, and Entry levels. Traders can set levels in two ways: either by dragging the lines on the chart or by entering pip values manually.

✨ Specifications

• 📂 Categories: Money Management, Trading Assist, Risk Management

• 💻 Platform: MetaTrader 5

• 🎯 Skill Level: Beginner

• ⏱️ Timeframes: Multi-timeframe

• 📈 Trading Styles: Scalping, Intraday, Swing, Day Trading

• 🌍 Instruments: Forex, Crypto, Stocks, Commodities, Indices, Shares

🚀 Key Features

• ⏳ Shows remaining time until the next candle (Time to next bar).

• 🎯 Defines Stop Loss by pip values (SL Pips).

• 📌 Supports multiple Take Profit levels.

• 🔄 Flexible panel: horizontal or vertical orientation.

• 🌗 Light/Dark mode for better visibility.

• 📝 Custom TP labeling (percentages or TP1, TP2, TP3…).

📊 Real-World Scenarios

• Buy Trade (XAU/USD, 4H): SL set at 30 pips with two TP levels → the indicator calculates and displays the R/R ratio, marking the ranges visually on the chart.

• Sell Trade (GBP/USD, 1H): TP levels are automatically calculated based on SL pips, with the R/R box displayed at the entry point for clarity.

👉 Tip: Combine it with the TradingFinder Pip Calculator Tool 🧮 for even more precise pip and stop loss calculations.

⚙️ Settings Panel Overview

• 🌗 Light/Dark theme

• ⏳ Time to next bar (candle countdown)

• 🎯 SL Pips input

• 📌 Multi-level TP setup

• 🔄 Separate controls for Buy/Sell trades

• ❌ Delete elements with one click

• ↔️ Panel orientation toggle (horizontal/vertical)

• 📝 TP display as percentages or sequential labels

✅ Conclusion

The 📊 Risk/Reward Ratio Calculator Indicator (MT5) makes it simple to plan and manage trades with professional accuracy. By combining automatic R/R calculations with visual TP and SL levels on the chart, it ensures traders maintain discipline, consistency, and better risk management across multiple markets.