Since there is no pip value indicator here on Tradingview, I decided to make one.
By using this Pip Value Calculator, you can accurately calculate the pip value for the biggest forex pairs.
For now, I just added the most popular forex pairs, and I will in the future also add pip value for indices, crypto currencies and metals.
How to use the pip value calculator?
1. Start by selecting how many pips you plan to gain or to risk, by typing in the pip amount. Default is 1.
2. Select lot type.
Forex pairs are 100,000 units per 1 lot, but units per 1 lot can vary. For example, most currency pairs 1 pip is 0.0001; for currency pairs with the Japanese Yen such as USD/JPY 1 pip is 0.01.
1 Lot = 100,000 units
1 Mini Lot (0.1) = 10,000 units
1 Micro Lot (0.01) = 1,000 units
3. Select lot size.
4. Select your base currency.
5. Select currency pair and klick "OK" for pip value calculation.
The pip value calculator will display the current pip value based on the live market price and based on the selected account base currency.
You do not need to be in the chart for the currency pair you want to calculate pip value on. You can analyze any other currency pair and at the same time calculate the pip value on your preferred currency pair.
I hope this calculator will be useful to you.
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DISCLAIMER
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.
Educate yourself on the risks associated with trading, and seek advice from an independent financial or tax advisor if you have any questions.
=============================================================================================================================================================
By using this Pip Value Calculator, you can accurately calculate the pip value for the biggest forex pairs.
For now, I just added the most popular forex pairs, and I will in the future also add pip value for indices, crypto currencies and metals.
How to use the pip value calculator?
1. Start by selecting how many pips you plan to gain or to risk, by typing in the pip amount. Default is 1.
2. Select lot type.
Forex pairs are 100,000 units per 1 lot, but units per 1 lot can vary. For example, most currency pairs 1 pip is 0.0001; for currency pairs with the Japanese Yen such as USD/JPY 1 pip is 0.01.
1 Lot = 100,000 units
1 Mini Lot (0.1) = 10,000 units
1 Micro Lot (0.01) = 1,000 units
3. Select lot size.
4. Select your base currency.
5. Select currency pair and klick "OK" for pip value calculation.
The pip value calculator will display the current pip value based on the live market price and based on the selected account base currency.
You do not need to be in the chart for the currency pair you want to calculate pip value on. You can analyze any other currency pair and at the same time calculate the pip value on your preferred currency pair.
I hope this calculator will be useful to you.
=============================================================================================================================================================
DISCLAIMER
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.
Educate yourself on the risks associated with trading, and seek advice from an independent financial or tax advisor if you have any questions.
=============================================================================================================================================================