OPEN-SOURCE SCRIPT

Risk Grid R Levels

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This script is a TradingView Pine v5 overlay indicator that draws a custom risk grid based on your Entry Price and Stop Price (-1R).

It calculates one risk unit (1R) as the distance between entry and stop, then plots horizontal levels at -1R, 0R, +1R ... +6R.
0R is your entry, -1R is your stop, and positive levels are profit targets in risk multiples.

The lines are thin and extend only to the right.
Each level has a clean text label placed directly on the line (no badges), and you can control positioning with:

Line Offset (bars) for moving lines left/right
Label Offset (bars) for moving labels independently
If entry and stop are equal, the script shows an error label instead of drawing levels.

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