Positions Info Panel
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup 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.
Description & Settings
Indicator in the form of a panel. Displays the resulting direction of the position: resulting lot size and up or down arrow.
The main area of application is hedge accounts, when there are multiple open positions in different directions with different volumes. The panel displays the resulting position volume only for the symbol of the chart the panel is attached to.
Example
Such open positions are present:
Thus, the resulting position on AUDUSD: sell 0.02 + buy 0.05 = buy 0.03:
Similarly, the resulting position on EURUSD will be: sell 0.01 + buy 0.05 = buy 0.04:
And the resulting position on USDJPY will be: buy 0.06 + sell 0.03 + sell 0.05 = sell 0.02:
Tip:
Attach the Positions Info Panel indicator to the chart, save the chart template (right click on the chart -> Templates -> Save Template) under the name default.tpl. After that, whenever you open a new chart, the Positions Info Panel will already be present on the chart.
