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Relative Average Calculator

Relative Average Cost of Open Positions Indicator

Description: The “Relative Average Cost of Open Positions” indicator is a powerful tool designed for traders who engage in mean reversion strategies. It calculates the average entry price for both buy and sell positions, considering the total volume of open trades. Here are the key features and advantages of this indicator:

  1. Mean Reversion Trading:

    • Mean reversion strategies aim to capitalize on price movements that revert to their historical average. By calculating the relative average cost, traders can identify potential reversal points and make informed decisions.

  2. Breakeven Point:

    • The relative average cost price serves as a breakeven point. When the current market price crosses this level, traders can assess whether their positions are profitable or not.
    • If the market price exceeds the relative average cost, it suggests potential profits.
    • Conversely, if the market price falls below the relative average cost, it indicates potential losses.

  3. Hedge Account Support:

    • The indicator considers both buy and sell positions, making it suitable for hedge accounts.
    • It calculates the weighted average entry price, taking into account the lot sizes of each position.

  4. Easy Integration:

    • The MQL5 app seamlessly integrates with MetaTrader 5 (MT5) platforms.
    • Traders can add the indicator to their charts and customize its parameters.

  5. Visual Representation:

    • The indicator displays the relative average cost as a horizontal line on the chart.
    • Traders can visually compare the current price with this reference level.

  6. Risk Management:

    • Knowing the relative average cost helps traders manage risk effectively.
    • It provides insights into whether existing positions are favorable or need adjustments.

Usage:

  1. Install the indicator in your MT5 platform.
  2. Observe the relative average cost line on your chart.
  3. Consider potential reversals when the market price approaches this level.


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5 (3)
Libraries
This library will allow you to manage trades using any of your EA and its very easy to integrate on any EA which you can do yourself with the script code which is mentioned in description and also demo examples on video which shows the complete process. This product allows trading operations via API For chart : Renting Crypto Charting for OHLC data or Crypto Ticks with Order Book Depth is optional If your EA is HFT and operations on seconds chart, You may be interested in converting charts to se
GetFFEvents MT5 I tester capability
Hans Alexander Nolawon Djurberg
Libraries
Want to get all events like Previous/Forecast/Actual values for each news to analyze/predict it? By this simple library you can do it easily,Just import/integrate the library into your system,then get all possible values for each news   Even In Strategy Tester   . Note: Please add the address " https://www.forexfactory.com/ " of news feed at your MT5 tab > Tools > Options > Expert Advisors > Check Allow web request for listed URL. Since the WebRequest() function can't be called from indicator ba
MetaCOT 2 CFTC ToolBox MT5
Vasiliy Sokolov
3.67 (3)
Libraries
MetaCOT 2 CFTC ToolBox is a special library that provides access to CFTC (U.S. Commodity Futures Trading Commission) reports straight from the MetaTrader terminal. The library includes all indicators that are based on these reports. With this library you do not need to purchase each MetaCOT indicator separately. Instead, you can obtain a single set of all 34 indicators including additional indicators that are not available as separate versions. The library supports all types of reports, and prov
WalkForwardLight MT5
Stanislav Korotky
Libraries
This is a simplified and effective version of the library for walk forward analysis of trading experts. It collects data about the expert's trade during the optimization process in the MetaTrader tester and stores them in intermediate files in the "MQL5\Files" directory. Then it uses these files to automatically build a cluster walk forward report and rolling walk forward reports that refine it (all of them in one HTML file). Using the WalkForwardBuilder MT5 auxiliary script allows building othe
BitMEX Trading API
Romeu Bertho
5 (1)
Libraries
Cryptocurrency analysis has never been easier with Crypto Charts for MetaTrader 5. Now, trading on BitMEX has never been easier with BitMEX Trading API for MetaTrader 5. BitMEX Trading API library was built to be as easy to use as possible. Just include the library into your Expert Advisor or Script, call the corresponding methods and start trading! Features Trade on BitMEX and BitMEX Testnet. Build and automate your strategies. Concern more with the trading strategy logic and less with the c
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