The indicator draws the charts of equity and balance by the data of account’s history, it uses the current opened positions for updating the charts in the real time mode as well. There is a possibility of drawing the charts of margin and free margin but only by the current values in the monitoring mode.
You can draw the charts considering only the orders that meet the specified conditions. For example, if you specify the magic number and the necessary symbol the indicator will extract these exact orders from the history. In such a manner, you can estimate the working of several MTS on one account.
There is a possibility of not considering the initial balance for more demonstrativeness.
The indicator is able to calculate the maximum drawdown by the equity and the recovery factor!
MT4 Indicators – Download Instructions
Indicator of Equity and Balance is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Indicator of Equity and Balance 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 Indicator of Equity and Balance.mq4?
- Download Indicator of Equity and Balance.mq4
- Copy Indicator of Equity and Balance.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 Indicator of Equity and Balance.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Indicator of Equity and Balance.mq4 is available on your Chart
How to remove Indicator of Equity and Balance.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 here: Indicator of Equity and Balance