Market / MetaTrader 4 / Indicators /

Candle Pips

30 USD

Demo downloaded: 291

Published: 18 November 2015

Current version: 2.5

Candle Pips

Indicators
Miguel Antonio Rojas Martinez
Version: 2.5
Updated: 16 November 2021
Activations: 10

The "Candle Pips" indicator is a tool that helps us a quick way to see the size of the candles on our platform; this is not only of great help to any trader who wants to study the market thoroughly, it is helpful in various strategies that are based on size of the candles.

The indicator shows the value in Pips of each candle to our current graph, rounded to an integer.
The indicator also shows the information as a histogram, at the bottom of the graph.

It has simple inputs:

Candle Type: this entry allows you to select which part of the Candle we want to measure. If you select "High__Low" will give us the full value of the candle, the distance between the maximum and minimum of each of the candles. If you select "Open__Close" We give only the value of the candle body, excluding the Wicks.
Color_Values: in this entry, change the color with which the measurement result of each candle will be shown, in this way do not have to change your template.
Distance_of_Price: from here you can configure the distance of the result that shows the size of the Candle, with respect to the high of the same.
Decimal: This option select whether or not to (True, False), see the measurement result to an integer digit, approximate, or see the most actual result, with the decimal digit.
Pos: With this option we allow the setting of a second indicator "Candle Pips" in the same graph, and thus see the 2 options price "High__Low" and "Open__Close", the default is 0, the setting of a new indicator it should have as value 1.
Measure: It allows us to choose if the information shown is in pips or points
Font_Size: It allows to adjust the size of the letter, of the information shown
Minimum Points: Allows you to adjust the size of the displayed candles, 0 is the same as showing all the candles
Alerts ?: With this option we alert that the current candle has reached the minimum pips
Button Show/Hide : with this option we select IF we want or NO (True, False), show the numerical information about the candles

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Filter:

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Christopher Shull 2021.02.04 18:10 #

Indicator is great but I would love to be able to not have the indicator window at the bottom and only have the numbers above the candles. If there is a way to do that please tell me, otherwise add it please and it would be perfect!

Version 2.5 2021.11.16

The option to show/hide the numerical information about the candlesticks, from the inputs, is replaced by a button. with the idea of doing it in a more "optimal" and "fast" way

Version 2.3 2020.10.14

Minimal fixes that improve behavior

Version 2.2 2020.10.14

Minimal fixes that improve behavior

Version 2.1 2020.10.13

The option of "minimum points" is added. this way we only show candles that are X size or larger
The option of an alert is added for when the Current candle or 0 candle, reaches those minimum points

Version 2.0 2019.11.08

Histogram information is added at the bottom of the graph
The possibility of displaying information in points or pips is added
the possibility of drawing or not, the values on the candles is added
code is optimized

Version 1.8 2019.10.21

In version 1.8 the input is added that allows to change the size of the letter (information shown)

Version 1.7 2017.02.28

Fix the correct location on the candle without needing the "update" button
Is rewritten again, optimizing consumption
Delete the input "candles_to_count", since by default it works on max 2000 candles.
add the input "distance_of_price" where the position of the result displayed is set

Version 1.5 2016.11.01

Error correction that did not allow to draw the value in some candles.

the "POS" option is added and thus can add a new indicator on the chart, and thus have the prices of "High_Low" and "Open_Close".

the "DIGIT" option is added and thus the option to view the result as an integer, or a decimal