Bar Value Analyzer
Description - Click here to see a full size chart
- Draws text message on chart stating the dollar value (size of bar) in total currency units of the active bar. User can enter the number of currency units per tick in price. For example, the output would be a line of text: "This bar value is 53.26".
- Many trading systems recommend placing a stop just above or below the active entry price bar. This indicator enables the user to quickly know the current value of the active price bar to the tick, in its currency unit (i.e. Dollar, Euro or Yen) and helps you decide if it is too big (too expensive) to risk using as an entry point.
Benefits
- User can select the location of this line of text, TopRight, BottomRight, TopLeft, BottomLeft, or Center.
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