Chart Overlay for Open Position Direction, Profit, and Exit Distances

Summary

This document describes a chart indicator that displays information about an open position directly in the chart window. It reports the position direction, profit or loss in points, and the distances from the current price to the stop-loss and take-profit levels. Text color indicates whether the position is profitable, unprofitable, or at zero profit, and inputs let users adjust colors, font, and chart-corner placement.

The overlay is presented as a practical aid for strategies involving multiple currency pairs, particularly when the platform’s Toolbox panel is unsuitable. The document explains the displayed fields and customization options, but provides no performance evidence, trading rules, or guidance on how to act on the readings. It also notes a dependency on a font-name include file that must be placed in the terminal’s include directory. The indicator is informational: it summarizes an existing position rather than generating entries or managing risk automatically.

Key ideas

• The indicator displays direction, profit or loss in points, and distances to stop loss and take profit on the chart.
• Text color distinguishes profitable, unprofitable, and break-even positions.
• Users can configure the display colors, font, and chart-corner location.
• The overlay is described as useful when monitoring multiple currency pairs without relying on the Toolbox panel.
• It reports position information but does not provide entry rules or automate position management.

Tags

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