OPEN-SOURCE SCRIPT
Updated pips bar
This indicator displays a line (pips bar) of lengths corresponding to the set number of pips on the chart. This pips bar serves as a reference for assessing the volatility of the displayed chart. One pip for currency pairs is distinguished for JPY pairs and for others.
The horizontal position of the pips bar is offset to the right of the latest bar by the specified bar amount, and the vertical position can be selected from Top, Middle, or Bottom, calculated using the maximum and minimum values visible on the chart.
The horizontal position of the pips bar is offset to the right of the latest bar by the specified bar amount, and the vertical position can be selected from Top, Middle, or Bottom, calculated using the maximum and minimum values visible on the chart.
Release Notes
pip calculation method was changed. pip = syminfo.mintick * (syminfo.type == "forex" ? 10 : 1)
Release Notes
chart was changed.Release Notes
pip calculation was changed and pine version was updated to version 6pip = syminfo.mintick * 10
Release Notes
Thanks for the improvement ideas. I have modified the indicator.This indicator defines 1 pip as 10 times the minimum tick value of the chart. For 'OANDA:XAGUSD', where this standard method doesn't display the pips bar correctly, it automatically sets 1 pip to 0.01. For other cases where the standard method doesn't display correctly, I've made it possible to input the pip value manually.
Now, you can select the horizontal position. The default 'Right' setting displays it on the right side of the last chart bar as before. When 'Left' is selected, it displays the bar offset from the right side of the leftmost visible chart bar.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.