Ombra Risk Ruler
A risk planning tool: for the entry and stop levels you choose, it shows the ticks, the money at risk and how many contracts fit your own risk per trade.
Indicators show information on your chart. They don’t tell you what to trade. Past behaviour of any indicator doesn’t predict future results.
Indicator for TradingView
Coming to the Ombra Shop soon
Not on sale yet. The price and how to buy will be here when it opens in the Ombra Shop.
Where: TradingView (invite-only script); Ombra app, when it opens.
You type in your account balance or max loss floor, your risk per trade (an amount or a percentage) and the instrument’s tick size and tick value, then place an entry line and a stop line on the chart. Ombra Risk Ruler shows the distance in ticks, the money at risk per contract and in total, the number of contracts within your risk per trade, what is left of your daily loss limit and the room to your max loss floor. It shows a warning when the size is above your own rules, such as a contract cap. It never suggests where to enter or exit.
What’s included
- Entry and stop lines you place and drag
- Ticks and money at risk, per contract and in total
- Contracts within your risk per trade (an amount or a percentage)
- Room left to your daily loss limit and max loss floor
- A warning when the size is above your contract cap or other rules
- Tick size and value from the chart, or typed in
What it does
- Turns the levels you choose into ticks, money and a contract count
- Compares that with the rules and figures you type in
What it doesn’t do
- Suggest an entry, a stop or a size to trade
- Know your real account balance
- Place orders or stop you trading
How access works
At checkout Stripe asks for your TradingView username. Access is granted by hand on TradingView to the username you give at checkout, usually within 24 hours (UK working days). You will find the script under Invite-only scripts in TradingView’s Indicators menu. Please check the spelling: access goes to that exact username.
Monthly plans can be cancelled at any time; access lasts to the end of the paid month. Refunds follow the Ombra Shop terms, including your 14-day right to cancel.
Software and education only, not financial advice or a recommendation to trade. Trading carries a high risk of loss. TradingView is a trademark of TradingView, Inc. Ombra is not affiliated with or endorsed by TradingView. Back to indicators.