Average (Breakeven) Price Indicator - indicator for MetaTrader 4
The indicator draws a horizontal line at the average/breakeven price of multiple positions (blue if the overall position is buy, red if the overall position is sell, and white if neutral).
Additional information (only for symbols on the chart):
Update 09.05.2015 : v3.0, some bugs fixed.
Attachment download
📎average_price_v_3_0.mq4 (4.68 KB)
Source: MQL5 #12037
Average (Breakeven) Price Indicator - indicator for MetaTrader 4 Usage and filtering suggestions
Average (Breakeven) Price Indicator - indicator for MetaTrader 4 is a resource related to foreign exchange indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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