The Pipsometer 5 Decimal Indicator is a useful and popular free Forex indicator for the MT4 trading platform. The indicator measures the pip movement from the open price to the current price and displays the total pip movement in a graphical format. It also helps traders identify entry and exit points for their trades. With the help of the Pipsometer 5 Decimal Indicator, traders can easily track their progress and make informed decisions about their trades.