Software >> Metatrader 4 indicators >> Average Position

Average Position

This useful MT4 indicator was created for traders working with multiple open positions. It simply shows you the average price of all open trades (break-even price). There is a separate line for buy positions and a separate line for sell positions.

Both lines are updated automatically whenever trades are opened or closed. The line will be displayed only if there are at least two open trades of the same kind.

The indicator works with all instruments and brokers.

In order to see the description (comment) above the line right-click on the chart, go to Properties and enable Show object descriptions in Common tab.


Average Position Average Position

Parameters

Installation

  1. Find the correct location of your MQL4 folder by going to File->Open Data Folder
  2. Copy the indicator file into MQL4\Indicators
  3. The indicator should appear in the Custom Indicators section of the Navigator panel
  4. Double-click on the indicator or drag it to the chart