Dynamic SL - 1 Pip (Up and Down)

The Dynamic SL - 1 Pip Up and Down indicator creates two dynamic lines that follow the price at a distance of 1 pip above and below the closing price. This feature can be particularly useful for traders who want to visualize small stop-loss (SL) levels or track price movement in a highly responsive manner.

Unlike traditional stop-loss indicators, this script ensures that the lines only last for 5 seconds, keeping the chart clean and focusing only on the most relevant price movement.

Key Features
✔ Dynamic Stop-Loss Visualization:

The script draws a green line above the price (+1 pip).
A red line below the price (-1 pip) is also drawn.
✔ Auto-Clearing for a Clean Chart:

Each line lasts for 5 seconds only before automatically disappearing.
This prevents unnecessary clutter on the chart and ensures only the latest price movements are visualized.
✔ Adaptable to Multiple Assets:

Automatically calculates the pip size based on the instrument type:
Forex → Uses 0.0001 per pip.
Futures & Stocks → Uses the minimum tick size.
✔ Ideal for High-Frequency Traders & Scalpers:

Designed for 1-minute (M1) or lower timeframes where traders need to monitor price action closely.
Helps visualize ultra-tight stop-loss levels in scalping strategies.