this “Candle Pips” index is a tool that permits you to quickly see the dimensions of the candle at the system. This is a great tool for traders who wish to thoroughly examine the industry, in addition to a helpful index for approaches based on the size of the candle.
The index displays the curved size in pips of every candle on the current chart.
Its input signals are simple:
- Candle form – the part of the candle that needs to be quantified. “High_ _ Low” – the distance between the maximum and minimum of each candle. “Open_ _ Close” – the size of the candle body without shadows.
- Color_Values – the text color of the measurement results.
- Distance_of_Price: distance to display the size of the candle above its maximum.
- DECIMAL: Round the measurement results to integers or display the exact decimal values.
- Pos: this parameter allows you to set the second indicator “Candle Pips” on the same chart, which allows you to see 2 price options “High_ _ Low” and “Open__Close”. The default value is 0. When installing an additional copy of the indicator, you must set the value to 1.
The indicator also includes a field displayed in the upper-left corner of the chart, clicking on which updates the data.