SL-TP price to Order Execution price Pip Calculator
This is a powerful addition to your MetaTrader 4 toolkit designed to optimize market analysis and performance. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use SL-TP price to Order Execution price Pip Calculator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
It calculates pips between Order Execution price and and Stoploss or/and Takeprofit price.
Beginners study
SL price to Order Execution price pip calculation.
TP price to Order Execution price pip calculation.
Pip calculation can be set to pips or fractional pips (20 pips / 200 fpips)*
Order Tickets can be set to show or hide.
[Show_SL] set to false hides all SL pip & ticket text.
[Show_TP] set to false hides all TP pip & ticket text.
SL & TP colors can be changed.
Text size can be changed.
Text can be positioned right or left of current price bar.**
** If Chart-Shift is off SL & TP text may be off the right of the chart. To move text left, set Move_Text_L_or_R to a higher number. * Non digit Symbols will default to pips regardless if fpips is set to to [true].
Easy Order script here -
