Average Breakeven Price Indicator for Consolidated Positions

Summary

This document describes a chart indicator that calculates an average or breakeven price across multiple positions in the same symbol. It draws a horizontal line and uses color to distinguish an overall buy position, sell position, or neutral state. The indicator also displays the distance from the average price in pips, profit or loss in the account’s deposit currency, consolidated net lots, and the number of buy or sell trades.

The material explains the indicator’s displayed information but does not provide its calculation formula, an example, or performance evidence. It is a monitoring aid for summarizing an existing set of positions, rather than a trading signal or a tested entry and exit method. The document notes that a later version included bug fixes, but does not specify which issues were corrected. It gives no guidance on how to use the readouts for risk control or trading decisions.

Key ideas

• The indicator plots the average breakeven price across multiple positions in one symbol.
• Line color identifies whether the consolidated position is long, short, or neutral.
• Additional chart readouts include pip distance, account currency profit or loss, net lots, and trade count.
• The document describes display features but provides no formula or evidence of trading performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.