Script/Indicator Measure Pip Movement After Red News in 15M Chart

//+------------------------------------------------------------------+
//| Script to Measure Pip Movement After Red News in MT4            |
//+------------------------------------------------------------------+
#property copyright   "RoelsMajor ChatGPT"
#property description "Script to Measure Pip Movement After Red News in MT4"
#property strict
#property show_inputs
 
// Input for the news event time
input datetime NewsEventTime = D'2024.12.19 08:15:00'; // Input Red News Time
// Main Function
void OnStart()
{
   // Define variables
   datetime startTime = NewsEventTime;
   datetime endTime = startTime + 900; // 15 minutes = 900 seconds
   double highPrice = 0.0, lowPrice = 0.0;
   // Get the candle index for the news event time
   int newsCandle = iBarShift(NULL, PERIOD_M15, startTime, false);
   if (newsCandle < 0)
   {
      Print("Error: Unable to find the candle for the specified time.");
      return;
   }
   // Get the range (high/low) of the candle immediately following the news
   highPrice = iHigh(NULL, PERIOD_M15, newsCandle);
   lowPrice = iLow(NULL, PERIOD_M15, newsCandle);
   // Error handling: Check if values were retrieved
   if (highPrice == 0 || lowPrice == 0)
   {
      Print("Error: Invalid high/low values. Check your data.");
      return;
   }
   // Calculate pip movement
   double pipMovement = (highPrice - lowPrice) / Point;
   // Display results
   string message = "Pip Movement After News:\n";
   message += "High Price: " + DoubleToString(highPrice, Digits) + "\n";
   message += "Low Price: " + DoubleToString(lowPrice, Digits) + "\n";
   message += "Pip Movement: " + DoubleToString(pipMovement, 1) + " pips";
   // Output the results
   Print(message);
   Alert(message);
}

Quoting FerruFx

Disliked

Your script is looking at the high/low of the news candle.

Ignored

Quoting RoelsMajor

Disliked

{quote} Thank you for your input, Sir. I will try to improve the logic of the script.

Ignored

//+------------------------------------------------------------------+
//| Script to Measure Price Movement in Pips Between Two Prices      |
//+------------------------------------------------------------------+
#property copyright   "RoelsMajor ChatGPT"
#property description "Script to Measure Price Movement in Pips Between Two Prices"
#property strict
#property show_inputs
 
// Input variables for the start and end prices
input double CandleClosedPrice = 196.240;      // Starting price
input double CandleHighLowPrice = 198.945;     // Highest/Lowest price to compare against
// Main Function
void OnStart()
{
   // Calculate the price movement
   double priceMovement = CandleHighLowPrice - CandleClosedPrice;
  
   // Get the pip size for the symbol
   double pipSize = MarketInfo(Symbol(), MODE_POINT);
  
   // Check if pipSize is a reasonable value
   if (pipSize <= 0)
   {
      Print("Error: Invalid pip size for the symbol.");
      return;
   }
  
   // Adjust the calculation by dividing by 10 to get the correct pip movement
   double pipMovement = (priceMovement / pipSize) / 10; // Divide by 10 to adjust
   // Display the result rounded to 1 decimal place
   pipMovement = NormalizeDouble(pipMovement, 1);
   // Display the result
   string message = "Price Movement in Pips:\n";
   message += "Candle Closed Price: " + DoubleToString(CandleClosedPrice, Digits) + "\n";
   message += "Candle High/Low Price: " + DoubleToString(CandleHighLowPrice, Digits) + "\n";
   message += "Price Movement: " + DoubleToString(pipMovement, 1) + " pips";
  
   // Output the results in the log and an alert
   Print(message);
   Alert(message);
}

Quoting classy

Disliked

HI BRO if possible measure any candle high-low or any time frame pips/points movements

Ignored

Quoting classy

Disliked

HI BRO if possible measure any candle high-low or any time frame pips/points movements

Ignored