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Hello,
This is my first job post here so forgive me if I am not exactly sure of all the protocal.
I need a average cost indicator for my charts.
The program needs to calculate the average cost of my positions and then place a line on the chart to indicate this.
Simple example (the program would need to obviously go out 5 decimal points as well as figure out position sizes that include micro,mini and full lots.)
This is full lots just for example.
Trade 1 Sell 1 EUR/USD @ 1.24000
Trade 2 Sell 1 EUR/USD @ 1.23000
Trade 3 Sell 1 EUR?USD @ 1.23500
Trade 4 Sell 1 EUR/USD @ 1.24500
Total Position Sell 4 EUR Average cost of position = 1.24500 + 1.24000 + 1.23500 + 1.23000 / 4 = 1.2375
The indicator would now put a line on the chart at 1.2375
Obviously each time a position is added to or subtracted from the calculation would change and the bar would adjust.
I have included a script that i found that was supposed to do what I am looking for but it does not seem to be able to add in mucro/mini lots because i just tried to use it and the calculation is wrong. It may however provide someone with a base they can use to speed up the process.
I look forward to hearing from someone that can help get this done for me.
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