How to See Pips on TradingView: Essential Configuration for Forex Brokers
In the forex world, every small movement counts. And when we talk about movements, pips are the most commonly used unit to measure these price variations. For a broker or money manager advising traders, knowing how to see pips on TradingView is fundamental—not just for interpreting charts, but also for providing clear and professional technical support to clients.
In this article, we’ll break down in a simple way what pips are, how to configure them on TradingView, and what advantages mastering this tool brings to your brokerage business.
What Are Pips in Forex and Why They Matter
Before diving into configuration, it’s worth clarifying what they represent. A pip (percentage in point) is the minimum unit of change in a currency pair. For example: In most pairs like EUR/USD, one pip equals 0.0001.
Understanding pips is key because:
- They allow measuring profit or loss of a trade
- They help calculate risks and manage positions professionally
- They are the standard reference in the forex market for comparing movements between pairs
For a broker, explaining this to a client with practical examples is a way to build trust. And this is where TradingView for Forex comes in, facilitating direct visualization of these movements.
How to See Pips on TradingView: Step-by-Step Configuration
TradingView is one of the most popular platforms among traders and financial institutions, but by default it doesn’t always show variation in pips, so configuration is needed. The procedure is straightforward:
Step 1: Select the Currency Pair on Your Chart
Open TradingView and enter the currency pair you want to analyze, for example, EUR/USD. This will ensure the chart scale adjusts correctly to four or five decimal places, depending on the broker providing the data.
Step 2: Activate the Ruler Tool
In the sidebar toolbar, you’ll find a ruler-shaped icon. Click on it. This tool allows measuring the distance between two points on the chart.
Step 3: Measure a Movement
Click at the start of a price movement and drag to the end. You’ll see a box appear with several data points: number of bars, days, percentage, and most importantly, the variation in pips.
A practical example: if you measure a rise in EUR/USD from 1.1000 to 1.1020, TradingView will show a movement of 20 pips.
Step 4: Customize Your Display
At the top of the chart, within the settings menu, you can adjust the scale so movements are better understood. If you’re explaining how to see pips on TradingView to a client, having a clear pip visualization will help them understand market changes without manual calculations.
Configuring Pips on TradingView for Professional Use
While measuring with the ruler is useful, a broker needs to go further and show pip information practically. Here are some recommended settings:
- Set pip-based alerts. From the “create alert” option, you can set custom conditions based on chart movements. This allows alerting your clients when a currency pair exceeds a determined pip range.
- Use custom indicators. TradingView has indicators that directly show pip movements within the chart. Some are available in the public library and others you can program custom.
- Annotate charts with visible pips. When sharing analysis with your investor clients, add notes or labels with pip variation. This turns your support into something much more educational.
With these adjustments, you not only know how to see pips on TradingView, but you can transform the platform into a pedagogical tool for your brokerage business.
Benefits of Measuring Movements in Pips with TradingView
Mastering this function brings direct advantages for a broker or money manager:
- Clarity in explanations: When your clients see graphically how many pips the market moved, the information is much easier to process
- Better risk management: Visualizing pips helps calculate stops and profit targets with precision
- Professionalism in service: Showing technical mastery of tools like TradingView reinforces your position as a reference for your investors
- Greater efficiency: Having a properly configured platform saves time in manual calculations and reports
TradingView for Forex: Beyond Pips
TradingView isn’t just for measuring pip movements, it also offers technical analysis tools, chart management, and real-time broker integration. For a broker managing forex clients, some key features are:
- Real-time alerts for different currency pairs
- Publishing ideas and charts to share analysis with the community or clients
- Integration with data from different brokers to adapt information to your client base
This way, TradingView becomes a platform that not only helps understand what pips are in forex, but also strengthens your value proposition as a broker.
How to Leverage Pips on TradingView in Your Brokerage Business
Now you know how to see pips on TradingView and configure them for practical use in forex. The steps are simple: Use the ruler tool, measure movements, customize alerts, and rely on indicators. But most important is how you use this information to give real and professional support to your investor clients.
If you’re taking your first steps as a broker or want to improve the services you offer your forex clients, at Smart Broker Solutions you’ll find customized solutions to launch and scale your brokerage business. Contact us and discover how we can help you.
How do I see pips on TradingView?
To see pips on TradingView, open a forex pair chart, select the ruler tool from the sidebar, click on a starting point and drag to an endpoint. TradingView will display the movement in pips, along with other metrics like percentage and number of bars.
What are pips in forex trading?
A pip (percentage in point) is the smallest unit of change in a currency pair. For most pairs like EUR/USD, one pip equals 0.0001. Pips are the standard metric for measuring gains, losses, and market movements in forex trading.
Can I set pip-based alerts on TradingView?
Yes, you can create custom alerts on TradingView based on price movements. While not directly in “pips,” you can calculate the pip value for your currency pair and set alerts when the price moves that specific amount, effectively creating pip-based notifications.
Why is measuring pips important for forex brokers?
Measuring pips helps brokers provide clear explanations to clients, calculate risk management accurately, set professional stop-loss and take-profit levels, and demonstrate technical expertise. It’s the universal language of forex trading that clients expect brokers to master.
Does TradingView automatically display pips on all forex pairs?
TradingView doesn’t automatically display pips as a default label, but using the ruler measurement tool shows pip movements when measuring price changes on forex pairs. The platform adjusts to four or five decimal places depending on the currency pair standard.
