[EquisMetaStock Group] Pip detector code

["Jose Silva" <josesilva22@xxxxxxxxx>]

This MS code attempts to detect the smallest traded price movement 
(pip) on a chart.  Useful when adding slippage/spread to a trading 
strategy.

============
Pip detector
============
---8<---------------

{ Detects lowest historical Pip on chart }
{ Use on any periodicity }

{ ©Copyright 2005 Jose Silva }
{ For personal use only }
{ http://www.metastocktools.com }

noPip:=1000;
p1:=If(H-O=0,noPip,H-O);
p2:=If(O-L=0,noPip,O-L);
p3:=Abs(If(O-C=0,noPip,O-C));
p4:=If(H-C=0,noPip,H-C);
p5:=If(C-L=0,noPip,C-L);
p6:=If(H-L=0,noPip,H-L);
p7:=Abs(If(O-Ref(C,-1)=0,noPip,O-Ref(C,-1)));
minPip:=Min(p1,Min(p2,Min(p3,Min(p4,Min(p5,
 Min(p6,p7))))));
pip:=Lowest(minPip);

pip

---8<---------------


jose '-)
http://www.metastocktools.com








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