Calculating pip distance from one bar to another | Forex Factory

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Calculating pip distance from one bar to another

  • #1
  • First Post: Mar 9, 2013 6:02am Mar 9, 2013 6:02am
Hi does anyone know of an MT4 program that lets me click on a choosen bar (bar A) and then alows me to drag to next choosen bar (bar B) and then calculates the pip distances it has moved in both directions from bar A to bar B, and be able to choose whether to calculate from high or low of bar A, many thanks in advance Jonmem
  • #2
  • Edited 2:25pm Mar 10, 2013 10:57am | Edited 2:25pm
Quoting jonmem
Hi does anyone know of an MT4 program that lets me click on a choosen bar (bar A) and then alows me to drag to next choosen bar (bar B) and then calculates the pip distances it has moved in both directions from bar A to bar B, and be able to choose whether to calculate from high or low of bar A, many thanks in advance Jonmem
Why don't you do the following:
1. rightclick anywhere once on the chart until the cross-hairs appear.
2. Move the mouse to the point where you want to start measuring the pip distance.
3. Left-click and hold and then drag to the second point where you want the measure to end.
4. There should be 3 numbers appearing: the first one is the number of bars you moved, the second one is the pip distance, the third is the price at the current mouse pointer location.

No EA required.


CORRECTION:
As hanover will point out later, in step 1, you're supposed to middle-click (or click on the mouse-wheel)... NOT right-click. My bad!
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #3
  • Mar 10, 2013 12:32pm Mar 10, 2013 12:32pm
Thanks Skenobi, I will try that.
  • #4
  • Mar 10, 2013 2:17pm Mar 10, 2013 2:17pm
Quoting skenobi
Why don't you do the following:
1. rightclick** anywhere once on the chart until the cross-hairs appear.
2. Move the mouse to the point where you want to start measuring the pip distance.
3. Left-click and hold and then drag to the second point where you want the measure to end.
4. There should be 3 numbers appearing: the first one is the number of bars you moved, the second one is the pip** distance, the third is the price at the current mouse pointer location.

No EA required.
** rightclick brings up the 'alternate' menu. Clicking the mousewheel brings up the crosshairs.

** for a br0ker giving 5/3 digit quotes, the second digit is the number of points (or 'pipettes'). You need to mentally divide this value by 10 to get the number of pips, e.g. if the value displayed is 854, then the distance is 85.4 pips.
  • #5
  • Last Post: Mar 10, 2013 2:21pm Mar 10, 2013 2:21pm
Quoting hanover
** rightclick brings up the 'alternate' menu. Clicking the mousewheel brings up the crosshairs.
Oops! Thanks Hanover... You're absolutely right! Click the mousewheel.. NOT rightclick!

Quoting hanover
** for a br0ker giving 5/3 digit quotes, the second digit is the number of points (or 'pipettes'). You need to mentally divide this value by 10 to get the number of pips, e.g. if the value displayed is 854, then the distance is 85.4 pips.
I concur!
I'm not trying to convince anyone. I'm not in the "convincing" business.
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