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KT Pip Counter Indicator
MT4/MT5 [Free Download]

Free Download

Description

The KT Pip Counter indicator is a simple and informative indicator showing essential real-time trading information and data. In Forex trading, such critical information and data can benefit a trader during an intense intraday session.

Features

It shows the current profit/loss in the account base currency, pips, and percentage.
Along with the above information, it can also show the currency pair spreads.
Shows the remaining time in the closing of the current bar.
Quickly identifies how much invested capital you can lose if the price hits the stop loss.
It helps determine the position size/lot size to manage the risk.
The different color schemes for the profit/loss scenario.
The text position and layout can be fully customized.
The indicator uses minimum CPU resources.

Input Parameters

Account P&L: If true, it shows the profit/loss for the trading account, and if false, it shows the profit/loss only for the currency pair you are trading.
Font Size: Choose the font size for the displayed information.
Base Color: The neutral text color when there is no active trade.
Color in Profit: The text color when the active trade is profitable.
Color in Loss: The text color when the active trade is in a loss.
Show After Current Bar: If true, it shows the information after the current bar; otherwise, on the chart corners.
Corner: If the "Show After Current Bar" is false, choose the chart corner to display the text information.
X Position: The X-Axis coordinate for the text information.
Y Position: The Y-Axis coordinate for the text information.

How does the Pip Counter Indicator MT5 help?

Our Web-based Pip Calculator is available to calculate the pips of Forex pairs and other financial instruments. Still, you have to move away from the Metatrader to access them.

Our Pip counter indicator can instantly determine how much each pip is worth during active trades and displays all the essential metrics in account currency.

Installation

The installation is straightforward, like any other custom indicator. You need to copy the indicator file into the following location:

MT4: Copy the indicator file into the MT4 data folder/MQL4/Indicators
MT5: Copy the indicator file into the MT5 data folder/MQL5/Indicators.

What are Pips and Pipettes in the Forex market?

The pip is a term used primarily in the Forex market to denote a unit of measurement for the change in price value (or volume) in the exchange rate of two currency pairs. The pip is the abbreviation for Price Interest Point.

For currency pairs that have four decimals, one pip is equal to 0.0001, and for the pairs that have two decimal places, one pip is equal to 0.01

A pipette is 1/10 of a pip. Nowadays, most brokers use 5/3 decimals in which the last decimal digit is a pipette.