Modernization of the popular Equity indicator.The author of the original version: Igor Korepin. The necessity of the modernization is that the original indicator does not always work correctly with some instruments. For example, some brokers use the tickers with suffixes, prefixes. Also some CFD contracts and futures were considered incorrectly. This version uses a new function of contract value evaluation, which allows to work with any instrument. It retains the original concept and ideology of the indicator.Thank you for reading this post, don't forget to subscribe!
With the default settings the indicator displays two lines: the line of the balance sheet and the line of the equity. Additionally, it is possible to display the level of the used margin (as a histogram) and free equity (additional line) throughout the trading history, which allows to assess the aggressiveness of trade. The trading statistics (can be displayed in any corner of the chart): yields for month, year or the entire period of trading, the maximum drawdown (absolute and percentage), and also the calculation of the profit factor and the recovery factor.
MT4 Indicators – Download Instructions
Equity Chart is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Equity Chart provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Equity Chart.mq4?
- Download Equity Chart.mq4
- Copy Equity Chart.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Equity Chart.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Equity Chart.mq4 is available on your Chart
How to remove Equity Chart.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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MT4 Indicators Download below: