Free Pip Value Indicator - PipValueLite

Trading Tech and Tools
1

Hey everyone! Jack here from New Zealand. First post – I’ve been trading for about 5 years and trade with Vantage FX in Sydney :smiley:

This is a really handy indicator for those who like to calculate position size manually. Indi displays the pip cost for current symbol at user defined position on chart. It’s based on Stuart Browne’s open source ‘Simple Pip Value Calculator’ but is much more lightweight!

Stuart’s original version was multi-line and always anchored to the left corner of your chart so often got in the way:

USDJPY+H1_pip_value_old.jpg700×266 17.1 KB

This version outputs just a single line of text, and position, font, colour etc are all customisable! Works great with chart shift – just tucks away in the top right corner:

USDJPY+H1_pip_value.jpg700×266 16.3 KB

Here it is PipValueLite.ex4

1 Like
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Hi JayTeeFx,

Thanks for this, it’s a neat little tool, and very handy to have.

My account is in GBP, is there some way to show the pip value in GBP?

Can you also explain how it is calculated?

Cheers,
Rez