OPEN-SOURCE SCRIPT
Market Scale Ruler
# Market Scale Ruler (Minimal)
**Market Scale Ruler (Minimal)** is a lightweight visual reference tool designed to help traders estimate price movement at a glance.
Unlike traditional indicators, it **does not generate trading signals or forecasts**. Instead, it provides a clean, fixed visual scale that makes it easier to judge how far price has moved without relying on manual measurements or being influenced by chart zoom.
## Features
* Clean, minimalist design.
* Configurable scale (50 points by default).
* Evenly spaced divisions for quick distance estimation.
* Left or right chart anchoring.
* Top or center vertical positioning.
* Adjustable horizontal offset.
* Automatically sized using the recent market range to maintain a consistent visual reference.
## Use Cases
* Measure the size of impulsive moves.
* Compare the magnitude of different price swings.
* Quickly estimate whether a move has reached a meaningful distance.
* Maintain a consistent perception of market scale regardless of chart zoom or instrument.
## Philosophy
This indicator is built around a simple idea:
> **Consistent visual references lead to more objective decision-making.**
By keeping a fixed scale visible on your chart, you can better judge price movement without letting zoom levels or market volatility distort your perception.
Market Scale Ruler (Minimal) is not intended to replace technical analysis—it simply adds a reliable visual reference that helps you read the market more consistently while keeping your charts clean and distraction-free.
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Perfect for futures, indices, stocks, forex, cryptocurrencies, or any market where understanding the size of price movements is an important part of your trading process.
**Market Scale Ruler (Minimal)** is a lightweight visual reference tool designed to help traders estimate price movement at a glance.
Unlike traditional indicators, it **does not generate trading signals or forecasts**. Instead, it provides a clean, fixed visual scale that makes it easier to judge how far price has moved without relying on manual measurements or being influenced by chart zoom.
## Features
* Clean, minimalist design.
* Configurable scale (50 points by default).
* Evenly spaced divisions for quick distance estimation.
* Left or right chart anchoring.
* Top or center vertical positioning.
* Adjustable horizontal offset.
* Automatically sized using the recent market range to maintain a consistent visual reference.
## Use Cases
* Measure the size of impulsive moves.
* Compare the magnitude of different price swings.
* Quickly estimate whether a move has reached a meaningful distance.
* Maintain a consistent perception of market scale regardless of chart zoom or instrument.
## Philosophy
This indicator is built around a simple idea:
> **Consistent visual references lead to more objective decision-making.**
By keeping a fixed scale visible on your chart, you can better judge price movement without letting zoom levels or market volatility distort your perception.
Market Scale Ruler (Minimal) is not intended to replace technical analysis—it simply adds a reliable visual reference that helps you read the market more consistently while keeping your charts clean and distraction-free.
---
Perfect for futures, indices, stocks, forex, cryptocurrencies, or any market where understanding the size of price movements is an important part of your trading process.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.