Disliked{quote} //------- hey shinewel..... hopefully we''ll be around another 10...... here is a slightly improved version......h //------ https://www.youtube.com/watch?v=I2LNPg13IL8 {file} {file}Ignored
Your indicator is an excellent virtual order plotter. If you can modify by including averaging into it, it will be a complete plotter.
There is another indicator which does averaging by displaying shadow between the Market Price and Trade done. The shadow reflects profit , breakeven ( shows 0 pips) and loss (negative pips) . By seeing negative pips I can plot adding lots and total pips risk to make it closer to 0 by averaging positions. This indicator works only in case of a real-time trade and no advance planning can be done for pending orders.
Your indicator provides a trading plot in advance and maps out positions for possible trailing stops, adding positions on pullback, taking partial profits, etc. etc. The pyramid can be visualised and planned manually with the help of your indicator. You have already given provision for having separate sub-plot for Up and Down directions. If you could modify it then it will become a money manager and target planner overlay for trading on Murrey Math/Fibo strategy/Support and Resistance
and similar strategies.
If you think it is feasible ( I am not a coder ) and worth your time and effort I will prepare the proposed inputs and send you.
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Show_AverageEntryPrice_v2.1 600+.mq4
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