OPEN-SOURCE SCRIPT
2-Click Pip Calculator
Title Idea: 2-Click Interactive Pip Ruler (Clean & Fast)
Description:
This script acts as a fast, interactive vertical caliper. It strips out the time-axis requirements completely, dropping the tool down to just two clicks (Y-Axis only).
How to Use It:
Add the indicator to your chart.
The prompt will ask you to select two points.
Click 1: Click anywhere on the horizontal plane of your start price (e.g., a swing high).
Click 2: Click anywhere on the horizontal plane of your target price (e.g., a swing low).
The script instantly drops a clean, vertical measurement line at the hard right edge of your chart, displaying the exact pip distance between those two levels.
Key Features:
Zero Chart Clutter: No diagonal anchor lines or historical time markers dragging across your screen.
Forex Auto-Scaling: Automatically detects if you are on a Forex pair and multiplies the tick size by 10 to give you standard Pips. If you are on an index or crypto, it defaults to standard ticks/points.
Instant HUD: The pip label is locked cleanly to the right side of the measurement line with a semi-transparent background so it never gets lost in your candles.
Description:
This script acts as a fast, interactive vertical caliper. It strips out the time-axis requirements completely, dropping the tool down to just two clicks (Y-Axis only).
How to Use It:
Add the indicator to your chart.
The prompt will ask you to select two points.
Click 1: Click anywhere on the horizontal plane of your start price (e.g., a swing high).
Click 2: Click anywhere on the horizontal plane of your target price (e.g., a swing low).
The script instantly drops a clean, vertical measurement line at the hard right edge of your chart, displaying the exact pip distance between those two levels.
Key Features:
Zero Chart Clutter: No diagonal anchor lines or historical time markers dragging across your screen.
Forex Auto-Scaling: Automatically detects if you are on a Forex pair and multiplies the tick size by 10 to give you standard Pips. If you are on an index or crypto, it defaults to standard ticks/points.
Instant HUD: The pip label is locked cleanly to the right side of the measurement line with a semi-transparent background so it never gets lost in your candles.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.