What is the different between custom price fraction and custom price level?

[dreematrade]

Can help me understand what is the different between custom price fraction and custom price level?

Thank you

[jstap]

@dreematrade Level is the price level that is on the right of the chart, price fraction is distamce.

[biztet]

@jstap could you please give one example for price fraction? Thank you.

[jstap]

@biztet Pips are a fraction but displayed as pips.

[biztet]

Thanks @jstap. What about distance between 2 stoch lines?

[jstap]

@biztet Is a price fraction.

[dreematrade]

@jstap Can you give example of how both is use? I cannot understand what you mean. Appreciate it.

[jstap]

@dreematrade What example would you like? If you put any position in the high and low check distance block, then the distance you want to check, if something like 102.0463 is used it's a fraction, if pips are used like 35 and used as a fraction, this block will do what is needed. To work out how this works all I do is back test this block on strategy tester to see what it does.

[dreematrade]

@jstap Thanks for the advise