Indicator “Candle Pips” – a tool that allows you to quickly see the size of the candle in the platform. This is a good tool for traders who want to carefully study the market, as well as a useful indicator for strategies based on the size of the candle.
The indicator shows the rounded amount in pips each candle on the current chart.
Its input parameters are simple:
- Candle Type – part of the candle, which should be measured. “High__Low” – the distance between the high and low of each candle. “Open__Close” – the size of the candle body with no shadows.
- Color_Values – text color measurement results.
- Distance_of_Price: distance to display the size of the candle on its peak.
- DECIMAL: Rounding the measurement results to integers or display the exact decimal value.
- pos: this option allows you to set the second indicator “Candle Pips” on the same schedule that allows you to see version 2 prices “High__Low” and “Open__Close”. The default value is 0, when you install an additional copy of the indicator must be set to 1.
The indicator also includes a field that is displayed in the upper left corner of the chart, click on that updates data.
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