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Are there any specific tools or indicators on TradingView that can help me count pips for cryptocurrency trades?

avatarPrachi SinghDec 28, 2021 · 3 years ago3 answers

I'm looking for specific tools or indicators on TradingView that can assist me in calculating pips for my cryptocurrency trades. Can anyone recommend any tools or indicators that are effective in this regard? I want to make sure I have a reliable method for measuring price movements and determining my profit or loss. Any suggestions?

Are there any specific tools or indicators on TradingView that can help me count pips for cryptocurrency trades?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Certainly! TradingView offers a range of tools and indicators that can help you count pips for your cryptocurrency trades. One popular tool is the 'Pip Counter' indicator, which displays the number of pips between two price levels on your chart. Another useful indicator is the 'Pip Value Calculator,' which calculates the value of each pip in your chosen cryptocurrency. These tools can save you time and effort in manually calculating pips and provide you with accurate measurements for your trades.
  • avatarDec 28, 2021 · 3 years ago
    Yes, there are specific tools and indicators on TradingView that can assist you in counting pips for your cryptocurrency trades. One such tool is the 'Pip Counter' widget, which allows you to easily measure the number of pips between two points on your chart. Additionally, the 'Pip Value Calculator' indicator can help you determine the value of each pip in your chosen cryptocurrency. These tools can be invaluable in accurately assessing your profit or loss and making informed trading decisions.
  • avatarDec 28, 2021 · 3 years ago
    Absolutely! TradingView is a fantastic platform for cryptocurrency traders, and it offers various tools and indicators to help you count pips. In addition to the 'Pip Counter' and 'Pip Value Calculator' mentioned earlier, TradingView also provides the 'Pip Range' indicator, which displays the range of pips covered by a specific price movement. This can be useful for identifying potential entry and exit points for your trades. Make sure to explore these tools and indicators on TradingView to enhance your pip counting abilities.