This is a proof of concept and a cool pinescript utility
It displays a risk to reward division as a fractional value.
This will be displayed as 1/2 as we can earn 2 units for a potential loss of 1 unit
(600/300 = 2) for those wondering the NASA level mathematics behind :)
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
how would i do this for both Long and Shorts would i just change all the + to - and - to + ???
it's based on user inputs at the very top of the script
rational_SL = input(300, title="Stop Loss Distance", type=input.float) rational_TP = input(600, title="Take Profit Distance", type=input.float)