Enhance your trading strategy with precision using this script, designed to measure the range of a candle from wick to wick in pips. Whether you're implementing a specific pip requirement within a candle for your strategy, or simply seeking to better understand market dynamics, this tool provides valuable insights. The script is calculating the amount of pips between the high and the low then compares it to the minimal size you declared. If the amount of pips is more or equal to minimal size it will show the label.
Features
Alert Functionality: Opt to receive alerts by checking the checkbox (default: false). Customizable Pip Threshold: Tailor the script to your needs by setting the minimum required pips to display on the screen (default: 12). Different shape: circle, triangle up, triangle down, none
How to Use
Personalize your trading approach by integrating this script with your preferred strategy. For instance, in my strategy involving a 3M continuation, I leverage this tool to determine the pip count of the M15 candle before making entry decisions.
Note: Ensure you understand your strategy's requirements and adjust the script settings accordingly for optimal results.
Feel free to reach out if you have any questions or require further assistance in maximizing the utility of this script.
Release Notes
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Choose between HL or OC (High and Low or Open and Close)
I've added a feature that help you choose between high and low or open and close. it has been requested.
Resolved bug
While adding the new feature, I noticed the script wasn't taking correctly the candle.
Hey man! Would it be possible to just count last 3-5 Candles and display them a lot bigger? i really cant see them cause its too small.
Thanks and appreciate your work!
TeganJade
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Hey any chance you could add just the body size? Not the full candle? This is awesome btw! thanks :)
FakeNote1059975
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@TeganJade, Hi, I've just added the feature you asked for! Enjoy!
Blondiebutterfly
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Hello and thank you for this! This only goes back a couple weeks of candles, is there a way to have it go back several months so I can do a study, please? Thank you so much!
Would it be possible to just count last 3-5 Candles and display them a lot bigger? i really cant see them cause its too small.
Thanks and appreciate your work!