Measure distance on chart - EXCLUDING PIPS??

[Adam Westrop]

Hey guys,

Does anyone know a way of measuring distance on a chart excluding pips?

I am looking for specific setups after initial big moves, I could measure pips from a certain point but then this pip value will prob be different for all charts as soke currency pairs move a lot more/have a greater daily range then others.

I'm looking for a consistent way of being to able measure price between 2 points across multiple charts.

Any recommendations?

[William Roeder]

Your post makes no sense. It doesn't matter if you measure the road in inches, furlongs, or miles, you are measuring the same amount, only the units are different.

Pips is a constant unit of distance. Points is not constant (4 vs 5 digit brokers.)
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[Alain Verleyen]

Adam Westrop:
Hey guys,

Does anyone know a way of measuring distance on a chart excluding pips?

I am looking for specific setups after initial big moves, I could measure pips from a certain point but then this pip value will prob be different for all charts as soke currency pairs move a lot more/have a greater daily range then others.

I'm looking for a consistent way of being to able measure price between 2 points across multiple charts.

Any recommendations?

% of price

[timmyhanke]

I would say % too, to have a consistent result that dosnt differ