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LOCLinePipsAgile a Script to display distance in pips from horizontal
The script runs in background and writes the distance of pips from horizontal lines on the chart to the current market price.
You can drag lines to see the distance.
LOCLinePipsAgile(2).mq4 2.16 kb, 10 downloads since 2014-09-28
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The script runs in background and writes the distance of pips from horizontal lines on the chart to the current market price.
You can drag lines to see the distance.
Real-Time Pips from Horizontal Lines
Let's talk about the 'LOCLinePipsAgile(2).mq4' script. This script is designed to make your trading life a bit easier by showing you the distance in pips between horizontal lines on your chart and the current market price.
Here's how it works: When you run this script, it runs in the background and continuously calculates and displays the pip distance between the horizontal lines you've drawn on your chart and the current market price. This real-time information can be incredibly valuable for traders who use horizontal lines as part of their technical analysis.
One handy feature is that you can easily move these horizontal lines around on your chart, and the script will dynamically update and display the new pip distance. This means you can quickly adjust and fine-tune your support and resistance levels or any other horizontal lines you use in your trading strategy.
It's important to remember that having a clear understanding of the distance between your lines and the current market price can help you make more informed trading decisions. It's a tool that can be particularly beneficial for day traders or anyone who relies on precise entry and exit points in their trading.
So, go ahead and give this script a try.
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