APX Position Tool
Free
Note: After purchasing, the download link will be available for 30 days.
The APXLab Position Tool is a drawing tool for NinjaTrader 8 designed to help traders clearly visualize and manage trade entries, stops, and profit targets directly on their charts. It provides a dynamic graphical representation of potential risk and reward zones based on your specified entry, stop loss, and target levels, giving you greater confidence and precision in trade planning.
Key Features:
Trade Position Anchors: Easily define Entry, Stop, and Target points with chart anchors that you can place and adjust interactively.
Risk and Reward Zones: Automatically highlights profit and loss areas on the chart with customizable colors and opacity for clear visual distinction.
Quantity Support: Specify trade size to calculate and display potential dollar risk and reward amounts for informed decision-making.
Dynamic Risk/Reward Ratio: Displays real-time calculations of risk/reward ratio based on your defined levels to help optimize trade setups.
Adjustable Timeline: Control the horizontal span of the tool on the chart using left and right anchors for better integration with your analysis.
Color Customization: Tailor profit and loss zone colors and opacity to fit your personal chart style.
Designed for NinjaTrader 8: Seamlessly integrates with NT8 platform features and charting system.