Position Information Indicator
Info
The Position Information Indicator is a Indicator for MetaTrader 5 that this indicator displays relevant information about a position opened on the current chart within the chart window. It includes the position direction, profit in points, and distances to stop loss and take profit from the current price in points.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Position Information Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
This indicator displays relevant information about a position opened on the current chart within the chart window.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Quantora Symbol Information Dashboard MT5 - Professional Symbol and Trading Specifications Panel - another powerful indicator for MetaTrader 5 traders.
This indicator displays relevant information about a position opened on the current chart within the chart window. It includes the position direction, profit in points, and distances to stop loss and take profit from the current price in points.Also recommended: Quantora Symbol Information Panel MT5 - Real-time Trading Specifications Dashboard - similar indicator with strong performance on MetaTrader 5.
The indicator color-codes the text based on the position's performance. If the position is in a loss-making state, the text appears in red; otherwise, it is green.
This tool is particularly useful for multicurrency strategies where the toolbox panel may not be suitable.
Indicator Input Parameters:
- Place to the terminal_directory\mql5\include.
- PositionInfo
You may also like: CKS Position Risk Dashboard for MetaTrader 5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version "1.00"
#property indicator_chart_window
#include <getfontname.mqh>
input color upcolor=lime;//color of profitable position
input color dncolor=red;//color of unprofitable position
input color zrcolor=gray;//color of position without profit
input int fontsize=15; //font size.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.