The “Candle Pips” indicator is 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 thoroughly study the market, as well as a useful indicator for strategies based on the size of the candle.
The indicator displays the rounded size in pips of each candle on the current chart.
- Candle Type – the part of the candle that needs to be measured. “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 color of the text of the measurement results.
- Distance_of_Price: the distance to display the size of the candle above its maximum.
- DECIMAL: Round the measurement results to integers or display 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.