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Pips On Candles

35 USD

Published: 6 February 2024

Current version: 1.1

Pips On Candles

Indicators
Giuseppe Nittoli
Version: 1.1
Updated: 13 February 2024
Activations: 5

Pips on Candles shows the number of pips involved in each candle on the chart. It is possible to set 3 different ranges for counting on each single candle via the RangeType parameter:

With "HighLow" you count the pips present between the minimum and the maximum. The number is shown under each candlestick on the chart.
With "OpenClose" you count the pips present between the opening and closing price of the candle. The number is shown under each candlestick on the chart.
With "HighDistAndLowDist" two things are counted:

the number of pips between the opening price and the high. The number is shown above each candlestick on the chart.
the number of pips between the opening price and the low. The number is shown under each candlestick on the chart.

Feature Highlights

Size, Color and Font are configurable.
Optimized to reduce CPU usage.
"Pips On Candle" works on all assets and timeframes.

Input Parameters

FontColor --> Default is BlackFontSize --> Default is 10
FontType --> Default is Arial
MinLength --> Default is 2 . This parameter indicates the minimum number of Pips that must be counted on a candle in order to show them on the chart. For example if set to 10, all candles on which less than 10 pips are counted will not show the number under the candle.
RangeType--> Default is HighLow . This parameter determines how to count pips:

If set with "HighLow", the pips present between the maximum price and the minimum price of the candle are counted.
If set with "OpenClose", the pips present between the opening and closing price are counted
If set with "HighDistAndLowDist" it counts both the pips between the opening price and the high and the pips between the opening price and the low.

If you still have any questions, please do not hesitate to contact me: https://www.mql5.com/en/users/alastor87

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Version 1.1 2024.02.13

Pips on Candles shows the number of pips contained in each candle on the chart. The new 1.1 versione introduced a new feature that can be configured via the RangeType parameter.

+New input value:

RangeType --> This parameter determines how to count pips on candles. There are now 3 possible values to set:

- "HighLow" --> display the pips present between the maximum price and the minimum price of the candle. Already present in the previous version.
- "OpenClose" --> display the pips present between the opening and closing price. Already present in the previous version.
- "HighDistAndLowDist" --> this is the new Feature of this new version. The feature is described below:

+New feature "HighDistAndLowDist" RangeType:

The new feature display on each candle 2 number:

+ Number above the candle display the number of pips between the opening price and the high
+ Number below the candle display the number of pips between the opening price and the low

Please remember that "Pips On Candle" works for every asset and on every timeframes.