Pip Counter Indicator
Pip Counter is one of the best MT4 technical assistants created for forex & stock day traders. Identifies current spreads & shows the high, low, and live price status.
The Pip Counter indicator is an automatic MT4 technical assistant that displays price highs, lows, and current spreads. It also streams live price of trading instruments and the remaining time for a candle’s close.
Traders usually weigh more on frequent opportunities and direct entries in day trading. In that regard, you need to focus on live price, spreads closely. So that one you see the price matches your expectation before triggering an order. The candle time countdown is another helpful feature for day traders allowing them to know exactly how long it’ll take to complete the current candle and begin a new one.
Technically, Pip Counter is a light MetaTrader indicator that places all the necessary price information in a small window. It lets you focus on the technical factors and each price ticks simultaneously, keeping you proactive during busy trading hours.
This guide explains how to use the Pip Counter Indicator in MT4 to make your forex and stock day trading more effective and convenient.
How Pip Counter Indicator improves your day trading strategy in MT4
After you install the Pip Counter Indicator in your MT4 platform, the indicator will automatically start demonstrating the price summary at the top left corner of the price chart. It shows the current price in more significant characters so that you can easily track the changes in the asset’s value whenever necessary.
This indicator also states daily market high and low that helps traders anticipate the current trend condition by using the high-low method. It also allows you to assess present price retracement levels compared to current market ranges.
Pip Counter also shows live spreads of the assets that offer assistance for scalpers in multiple ways. It helps you determine the entry, take profit, and stop-loss levels with greater accuracy. On the other hand, Day traders using floating spreads may experience constant changes in the difference between asking and bidding prices. Always try to trade within lower spreads for minimizing trading expenses and maximizing profit margins.
Conclusion
The Pip Counter is one of the best MT4 indicators for price level analysis. Although it doesn’t generate direct buy-sell signals, it helps you track the price effortlessly during busy trading hours. Moreover, this indicator is easily customizable and fits all trading strategies and timeframes within MetaTrader platforms. If you’re an active forex and stock day trader, the Pip Counter is your must-have technical assistant for quick decision-making.
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