Forex open positions indicator lamp
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Indicator Interactive Features 1. This is a very convenient tool for quick assessment of the market state. For convenience, you can minimize the indicator or even set this minimized state as default. At that, it will continue to provide useful information. When minimized, the indicator specifies the direction of the maximum number of signals. When maximized, we have 2 Buy signals and 1 Sell signal. Description of settings All the settings are user-friendly. Displays the list of available brokers.
Determines the order of displaying brokers on the chart. There are three options to choose from: alphabetically — By Name; by broker weight — By Weight; in descending order of the ratio — By Ratio. Position and offset. Color scheme. Two color schemes are available: for light and dark backgrounds. Indicator size by default. Hotkey — hide panel. Switch on double-click. By default, you need to click once. Signal ratio. Determines the range of values for the ratio of positions beyond which the signal is triggered.
You can specify the values from 1 to If 40 is set, Buy signal will be triggered with the ratio of positions that equals 40 or less, and Sell signal will be triggered with the ratio of positions that equals 60 or higher. Alert on receipt of new data. You can set a sound alert that will be triggered at any change made in the column with signals.
You can select a sound file. Data comes from different sources, such as brokerage companies and some other services. Unlike the Current Ratio indicator, the data are presented as a chart that significantly boosts the efficiency of the analysis.
Most oscillator type of indicators would work as these types of indicators typically have its own indicator window. Then, the Open Positions Indicator should be attached to the indicator window of the other indicator. The Open Positions Indicator has several options within its indicator settings which traders can use to modify its visual display.
Conclusion This indicator is not the type of indicator that provides technical analysis indications. What it provides is simply a dashboard regarding the accounts profits and losses. This can be a useful indicator for traders who prefer to view this information on the price chart. However, this information is also provided by the MT4 platform under the Trade tab of its Terminal window. Open Positions Indicator for MT4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
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