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Indicator to show pip difference between high and low

  • Post #1
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  • First Post: Feb 5, 2014 3:17am Feb 5, 2014 3:17am
Can anyone tell me an Indicator name or Indicator to tell PIPS difference between HIGH and LOW on a Candlestick.
Quoting farhaj
Can anyone tell me an Indicator name or Indicator to tell PIPS difference between HIGH and LOW on a Candlestick.
ATR period 1
MT4/MT5 EAs/Indicators/Alerts coder
Here's a basic one I made a while back.
Attached File(s)
File Type: mq4 Range.mq4   2 KB | 1,200 downloads
I want to place it in etoro charts.. how can I do that
Quoting farhaj
I want to place it in etoro charts.. how can I do that
Do you have a standard ATR indicator in your platform ?
MT4/MT5 EAs/Indicators/Alerts coder
Quoting farhaj
I want to place it in etoro charts.. how can I do that
Sorry, I don't know anything about etoro.
yes ATR is their and avaiable.
Quoting farhaj
yes ATR is their and avaiable.
So apply ATR set with a period of 1. It will display the range of each candle.
MT4/MT5 EAs/Indicators/Alerts coder
will it tell No. of pips from High to Low in that Candle..
Quoting farhaj
will it tell No. of pips from High to Low in that Candle..
Yes. The ATR returned value for the candle is the difference between high and low ... assuming that you set the period = 1.
MT4/MT5 EAs/Indicators/Alerts coder
NO .. I did it and also set the Period to 1.. but a wave shows up below the Forex chart... and not a PIP figure shows up..
Quoting farhaj
NO .. I did it and also set the Period to 1.. but a wave shows up below the Forex chart... and not a PIP figure shows up..
Of course that ATR show you pip range. You may have to learn the basics before trading ...

ATR = Average True Range

Period 1 = the range of the last candle

Period 2 = the average range of the last 2 candles

... and so on ...
MT4/MT5 EAs/Indicators/Alerts coder
Note that the ATR isn't a straight High - Low calculation. It also takes into consideration any gaps that appear, hence the name of "Average True Range".

So if you're just after the size of the bars and nothing else, then the ATR may not give you exactly what you're after. In forex price doesn't gap as much as other markets so the discrepancy may not be such an issue, but that totally depends on why you're after it to begin with.
  • Post #14
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  • Last Post: Feb 9, 2014 4:14am Feb 9, 2014 4:14am
No I want the Calculation that is associated with it. HIgh , Low and gaps//
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