The Open Position MA Indicator is a popular and free Forex indicator for MetaTrader 4 (MT4) that helps traders identify market trends based on the average prices of open positions. By plotting a moving average line that reflects the entry levels of existing trades, this indicator provides valuable insight into market sentiment and potential support/resistance levels.
🔑 How it works:
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Calculates the average entry price of all open positions
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Displays this data as a moving average line on the chart
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Works across H1–H4 and higher timeframes (multi-timeframe compatible)
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Customizable periods, styles, and colors
🎯 Why traders use it:
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✅ Identifies trend direction & momentum
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✅ Highlights potential entry/exit points
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✅ Helps confirm trade setups with market sentiment data
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✅ Easy to install and customize
The Open Position MA Indicator is especially useful for traders who want to align their strategies with the broader market trend. By tracking where the bulk of positions are concentrated, traders can make more informed decisions on when to enter, exit, or adjust their trades. Whether you’re a beginner or an advanced trader, this free MT4 indicator can be a valuable addition to your trading toolkit.
