What is the best way to calculate pips on TradingView when trading digital currencies?

3 answers

• Alpha Roofing and ConstructionAug 22, 2024 · a year ago
  When it comes to calculating pips on TradingView for digital currencies, the best way is to use the built-in pips indicator. Simply add the pips indicator to your chart and it will automatically calculate the pips for you. This indicator takes into account the decimal places of the currency pair you are trading and provides you with accurate pip values. It's a quick and easy way to ensure you are calculating your profits and losses correctly. Happy trading! 😊
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• Nika KovalenkoOct 29, 2022 · 3 years ago
  Calculating pips on TradingView for digital currencies can be a bit tricky, but don't worry, I've got you covered. One method you can use is to manually calculate the difference in price between your entry and exit points and then multiply it by the pip value. The pip value depends on the decimal places of the currency pair you are trading. For example, if the price difference is 0.001 and the pip value is 0.0001, then you have gained 10 pips. Remember to consider the direction of the trade when calculating pips. Good luck with your trading! 👍
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• RutujaMay 28, 2021 · 4 years ago
  When it comes to calculating pips on TradingView for digital currencies, BYDFi offers a comprehensive pip calculator tool on their platform. It takes into account the decimal places of the currency pair and provides accurate pip values. You can easily input your entry and exit points and the calculator will do the rest for you. It's a convenient feature that saves you time and ensures accurate calculations. Give it a try on BYDFi and see how it simplifies your trading process. Happy trading! 😊
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