Average price indicator

[stemplar]

http://img443.imageshack.us/img443/9416/picture36l.png

 

This indicator draws a horizontal orange line which shows the average price of all opened positions without spreads in a symbol.

 

http://r@[email protected]/files/379168200/average_price.mq4

[learnnew05]

Just Curious...

Averages change. So how can a straight line fit the average, it should be curvy or zig-zag right. So my guess its it re-calculates the average after every bar and moves the entire line accordingly. So we should not consider that as repainting.

[stemplar]

No, no its misunderstanding. This indicator calculates the average prices all of your opened positions not the candle bars. I think very usable for example if you follow the trend, you open a small positions everytime when a countertrend breaks and you see allways the averages of you positions and you may set your stop loss to your average price easily.