The Pip Calculator Indicator MT4 is an informational indicator for MetaTrader 4 and is designed to display pip value directly on the chart. The indicator calculates and displays pip and tick values based on your account’s base currency and specified lot size. Values are displayed in the top left corner of the main chart. In addition to technical analysis, effective risk management is crucial for traders, which involves adjusting trading volume appropriately. An accurate pip value calculation tool can significantly improve the efficiency of your risk management.
This indicator is suitable for traders of all skill levels and across all time frames. Its versatility extends to trading multiple currency pairs within any forex trading system or strategy, for accurate pip value calculations.
Indicator Settings
How to Install Pip Calculator Indicator MT4
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
