Pips or Points confusion

My understanding is that pips are the 5th digit in a price and points would be the 6th (1/10 of a pip)

However on Market Milk the change in a pairs range shown as pips, seems impossible to me. ie AUD/JPY today is suggesting 294 Pips. On MT4 and ATR (set to 1) I can only see 46 Pips.

can someone explain from the screen shot.

Thanks

Looking on the image you have:

67.107

Pipettes

67.10 is the usual price you would see but with additional point which is called Pipette you have one digit more.

Change from the 67.107 to 67.102 is change by the 5 pipettes.

If the price change from the 67.107 to 67.113 you would have 6 pipette change.

Pipette is 1/10 of a pip. So change in 5 pipettes means change by 0.5 pips.

Pips
If you have change from 67.107 to 67.117 you will have change by 1.0 pip or 10 pipettes.

Now, the daily change

2.914
This is daily change and represents 291.4 pips.
This is also 291 pips and 4 pipette.

Thanks for that, it clears up the confusion a bit.

If I want to know the range say between Sydney open and Tokyo close, on EUR/AUD, the best way is to use either the MT4 tool, or a direct calculation I guess. Is that a reasonable assumption?