Hello,
On tradingview, i drew a random price range and saw 3 values appearing. First one is price movement/difference.
Second one is % movement and there is a 3rd value 18479 . What does that indicate? Can someone let me know.
Attaching the screenshot.
cvs
June 1, 2022, 5:44am
2
Hmmm… whatever it is,
it is exactly 20 times the Price movement/difference in your above screenshot.
(20 x 923.95 = 18479)
When i tried the same on Tradingview,
the 3rd number is always exactly 100 times the price movement…
For me it’s 20 times.
The third value is the change in price in terms of pips or ticks
Ticks:
Ticks are similar to pips, but they’re used in other markets like futures or stocks.
They represent the smallest price movement that a particular contract can make.
For example, if a stock’s price moves from $100.00 to $100.01, that’s a 1 tick increase.
So, when you see the third value in the price range tool on TradingView, it’s telling you how many pips or ticks the price has moved!