Welcome Forex EA downloads & MT4/MT5 auto-trading resources — EAs, Gold EAs, quant tools and real-world automation.
Sign In Sign Up

Equity and Balance as MT5 Indicators - MetaTrader 5 Indicators | Forex Indicators Download - MetaTrader 5 Resources

author EAcpu | 2 reads | 0 comments |

Equity and Balance as an indicator for MT5 - indicator for MetaTrader 5

Equity and Balance as an indicator for MT5 - indicator for MetaTrader 5

The indicator reads the balance and equity from the trading account and displays them in a separate chart window. Very simple and very useful for backtesting.

Here's how it's displayed... The blue line represents balance over time, and the green line represents equity and its fluctuations over time.


Equity and Balance as an indicator for MT5 - indicator for MetaTrader 5

Known limitations:
Because of the method AccountInfoDouble() used to read the balance and equity, it cannot go back in time to display the data before it is attached to the chart. It only dynamically displays equity and balances when attached to the chart. This means that it is particularly useful in backtesting, and it is a huge tool that can help analyze retracements very closely, allowing the user to zoom in or out, just like a user zooms in or out on a chart.

enjoy!


Attachment download

📎 equity_and_balance.mq5 (3.42 KB)

Source: MQL5 #44136

Verification code Refresh