MetaStock -> Tools -> Indicator Builder -> New
-> copy & paste complete formula below.


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Pip size detector
=================
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{ Detects smallest historical Pip size on chart.
  Use on any chart periodicity.

  Copyright © 2005-2007 Jose Silva
  For personal use only
  http://www.metastocktools.com }

{ Pip size }
noPip:=100;
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))))));

{ With thanks to MG Ferreira }
Lin2Log:=Log(Lowest(minPip)+.000001)/Log(10);
pipValue:=Exp((Int(Lin2Log)-1)*Log(10));

{ Plot in own window }
pipValue

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