Scaler is a simple technical indicator that plots a rectangle in your chart and tells you how many pips it represent.
Scaler is ideal for traders that use intraday charts to give them the sense of size of a price movement.
There are only two parameters:
- Scale Color: Sets the color for the rectangle
- Font Color: Sets the color for the Scaler's text.
Scaler automatically changes the size of the rectangle in order to represent the same proportion of the chart
Scaler automatically adjusts the pips size if you compress or expand the price axis in your chart
Scaler automatically changes it's position from top to bottom to avoid interfere with the bars.
Please watch the demo video for better understanding of this indicator.