Positions Info Panel
Info
The Positions Info Panel is a Indicator for MetaTrader 5 that positions info panel indicatorthis indicator displays the net direction of your open positions in a panel format. It shows the resulting lot size and an arrow indicating whether the net position is up (buy) or down (sell).
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 Positions Info Panel
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
Positions Info Panel IndicatorThis indicator displays the net direction of your open positions in a panel format.
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: Broker Information Panel for MT5 - another powerful indicator for MetaTrader 5 traders.
Positions Info Panel IndicatorThis indicator displays the net direction of your open positions in a panel format. It shows the resulting lot size and an arrow indicating whether the net position is up (buy) or down (sell).
Also recommended: Quantora Symbol Information Dashboard MT5 - Professional Symbol and Trading Specifications Panel - similar indicator with strong performance on MetaTrader 5.
Primary Use Case: Hedge Accounts
This tool is particularly useful for managing hedge accounts where multiple positions in opposing directions and varying volumes are open simultaneously. The panel consolidates and displays the net position volume specifically for the symbol of the chart to which the indicator is attached.
Example Scenarios:
Consider the following open positions:
For AUDUSD:
Net position = Sell 0.02 + Buy 0.05 = Buy 0.03
For EURUSD:
Net position = Sell 0.01 + Buy 0.05 = Buy 0.04
For USDJPY:
Net position = Buy 0.06 + Sell 0.03 + Sell 0.05 = Sell 0.02
Usage Tip:
To have the Positions Info Panel automatically appear on new charts, attach the indicator to your current chart, then save the chart template (Right-click on chart -> Templates -> Save template) with the filename default.tpl. This ensures the indicator is loaded by default when opening any new chart.
You may also like: Quantora Symbol Information Panel MT5 - Real-time Trading Specifications Dashboard - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ 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.