What is a pipware chart?

<p id="isPasted">I have here some of them but I can't make them &nbsp;work.</p><p>Attached File(s)</p><p>File Type: ex4 <a href="https://www.forexfactory.com/attachment/file/2512484?d=1507636347">pipware-charts.ex4</a></p><p>File Type: ex4 <a href="https://www.forexfactory.com/attachment/file/2512487?d=1507636348">pipware-charts-v6.2.ex4</a></p>

<p id="isPasted">In retail trading, a pipware chart (most commonly referred to as the Pipware Minichart or Pipware Dashboard) is a highly popular custom indicator built primarily for the MetaTrader 4 (MT4) platform.&nbsp;</p><p>Developed originally by a well-known community programmer named Stratman on Forex Factory, "Pipware" was created as custom "software for making pips".&nbsp;</p><p>The visual layout and functional purpose of a Pipware chart include:</p><p><strong>🧩 What Does a Pipware Chart Do?</strong></p><p>The core purpose of the Pipware Minichart indicator is to enable Multi-Timeframe (MTF) analysis inside a single workspace. Instead of cluttering your screen with six different open charts for a single currency pair, Pipware embeds miniature, fully functional sub-charts directly into the corners or borders of your main trading screen.&nbsp;</p><p><strong>📊 Key Visual Components</strong></p><p>When you load a Pipware dashboard configuration onto your chart, it displays a highly customizable matrix containing:&nbsp;</p><ul><li>Miniature Candlestick Sub-Charts: Small windows plotting price action for different timeframes (e.g., displaying M5, M15, H1, and H4 candles simultaneously alongside your main Daily chart).</li><li>Live Spread Trackers: Real-time visibility of the broker's current spread in pips, allowing you to avoid entering trades during volatile widening periods.</li><li>Market Session Clocks: Visual bars showing exactly which global sessions (London, New York, Tokyo, Sydney) are currently open and overlapping.</li><li>Indicator Overlays: The ability to render key indicators (like Moving Averages or Heiken Ashi candles) right inside the tiny sub-charts to check multi-timeframe alignment instantly.&nbsp;</li></ul><p><strong>💡 Why Traders Use It</strong></p><ul><li>Saves Screen Real Estate: Vital for retail traders working from a single laptop screen who cannot accommodate multi-monitor setups.</li><li>Prevents "Tunnel Vision": It ensures that while you are scalping on a 1-minute lower timeframe, you never lose sight of whether you are trading directly into a major 4-hour higher timeframe resistance level.</li><li>High Customization: The original scripts allow complete control over layout coordinates, font sizes, specific currency rows, and row color themes.</li></ul>