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How To Calculate The Number Of Pips

Discussion in 'Beginners Bootcamp' started by onwukarisa, Jul 18, 2008.

  1. onwukarisa

    onwukarisa Private, 1st Class

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    Hello all,

    Please can someone tell me how to calculate no of pips from one candle to another.

    thanks
     
  2. rpaco

    rpaco Sergeant

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    In theory there are no pips between candles, as one candle ends a new one starts immediately.

    The candle "contains or shows" the price variation over its timeframe.
    For instance a 5minute candle shows the price over a period of 5 minutes, then a new 5 minute candle starts.

    See the candle definition in the glossary.

    But what if the price did move between candles? Then you just need to look at the closing level of the last candle (top of the body if it was empty or green and bottom of the body if it was solid black or red) and compare it with the opening level of the next candle. BUT in theory and mostly if not always, in practice, the two levels will be the same.

    Also suggest you read all of Babypips.com school section here Forex Training & Education: Beginner Foreign Exchange Currency Trading

    42 :)
     

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