Market / MetaTrader 5 / Indicators /

Candle Pips MT5

30 USD

Demo downloaded: 505

Published: 18 November 2015

Current version: 2.5

Candle Pips MT5

Indicators
Miguel Antonio Rojas Martinez
Version: 2.5
Updated: 16 November 2021
Activations: 20

The "Candle Pips MT5" 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 NOT (True, False), show the numerical information above the candles

more...

113

Dmitri Ostapchuk 2023.08.18 11:11 #

very, very useful. Thanks!

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This indicator works only 5 digits Brokers. It is impossible to talk about the study of the Forex market or any market without considering of that market statistics. In this case, our indicator "price statistics" we have a new way to study our chart, giving information of the price in a range of pips you want to study for example, can we know how many times the price closes or opens into spaces 10, 20, 30, 50, 100 pips or more; and know them not only in numbers but also draws this relationship a

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Visualize your charts differently in MetaTrader 5. The product is good for comparing the prices, since the indicator draws High, Close, HLC, etc. It is useful when applied with other indicators (like MACD). This simple indicator colors the entire space below the chart allowing you to see the market with greater clarity. You will see the actual price, trends, and the market behavior. Indicator parameters Applied_Price : From this option you can select the type of price you want to draw with the

30 USD

The "Price Break" indicator is a powerful tool for any trader. If the price breaks the levels the indicator shows, there is aproximatelly a 77% chance it will go in the same direction. If it exceeds the blue line, there are many possibilities for the price to rise. On the contrary, if it passes down the red line, it means that there are many possibilities for the price to drop. We should always consider the latest indicator signal, so we should rely only on the last blue arrow and the last red a

30 USD

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113

Dmitri Ostapchuk 2023.08.18 11:11 #

very, very useful. Thanks!

134

Carrie Law 2020.05.04 06:34 #

User didn't leave any comment to the rating

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 2.4 2021.02.01

minimal fixes that improve behavior

Version 2.3 2020.10.14

* Minimal fixes that improve behavior

* 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

* Information is added as a histogram at the bottom of the graph

* The possibility of displaying the information in points or in pips is added

* The possibility of drawing or not, the values on the candles is added

* the code is optimized

* The input that allows changing the font size is added (information displayed)

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, in the chart, of the result displayed is set