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Candle Pips MT5

5

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
Comentários 2
Dmitri Ostapchuk
103
Dmitri Ostapchuk 2023.08.18 11:11 
 

very, very useful. Thanks!

Carrie Law
134
Carrie Law 2020.05.04 06:34 
 

Function is working well!

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Siarhei Vashchylka
5 (7)
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Was: $249  Now: $99   Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Inspired by Jim Dalton’s book “Mind Over Markets”, this indicator is designed to suit the
Auto Order Block with break of structure based on ICT and Smart Money Concepts (SMC) Futures Break of Structure ( BoS )             Order block ( OB )            Higher time frame Order block / Point of Interest ( POI )    shown on current chart           Fair value Gap ( FVG ) / Imbalance   -  MTF      ( Multi Time Frame )    HH/LL/HL/LH  -  MTF      ( Multi Time Frame )  Choch  MTF      ( Multi Time Frame )  Volume Imbalance     ,  MTF          vIMB Gap’s Power of 3 Equal High
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Daniel Stein
5 (3)
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5 (6)
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**   All Symbols   x   All Timeframes   scan just by pressing scanner button ** *** Contact me after the purchase to send you instructions and add you in "Trend Reversal group" for sharing or seeing experiences with other users. Introduction: Trendlines are the most famous technical analysis in trading . Trendlines continually form on the charts of markets across all the different timeframes providing huge opportunities for traders to jump in and profit on the action. In the other hand,  The tre
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Dmitri Ostapchuk
103
Dmitri Ostapchuk 2023.08.18 11:11 
 

very, very useful. Thanks!

Carrie Law
134
Carrie Law 2020.05.04 06:34 
 

Function is working well!

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Versão 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
Versão 2.4 2021.02.01
minimal fixes that improve behavior
Versão 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)
Versão 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