Description
Checkpoint Indicator
Smart average price calculator for multi-position management. Displays real-time break-even levels with dynamic visual feedback. Perfect for traders managing multiple entries across any instrument.
Key Features:
- Real-time weighted average calculation
- Intelligent line display (shows only with 2+ positions)
- Dynamic PnL-based coloring (green/red/white)
- Strength indicator in pips from current price
- Clean, professional info panel
- Zero-lag performance
How It Works:
Automatically calculates your position average price using either weighted volume-based or simple average method. The indicator displays a clear horizontal line marking your break-even point when you have multiple positions, helping you make informed trading decisions based on your overall position health.
Perfect For:
- Position traders scaling in/out
- Portfolio management across instruments
- Risk management and stop-loss placement
- Visualizing your trading account balance point
Simply apply to any chart and let Checkpoint handle the rest - your trading checkpoint made simple!
Summary
AI summary
Checkpoint is an indicator designed for traders managing multiple positions across various instruments, including forex, stocks, commodities, indices, and cryptocurrencies. It automatically calculates the weighted average entry price in real time, providing a dynamic break-even level displayed as a horizontal line on the chart. This line appears only when two or more positions are open, helping traders visualize their overall position average.
Key features include real-time weighted average calculation, dynamic profit and loss coloring (green, red, white), a strength indicator showing pips distance from the current price, and a clean, professional information panel. The indicator operates with zero lag, ensuring timely updates for effective decision-making.
Checkpoint supports position traders scaling in or out, portfolio management across instruments, risk management, and stop-loss placement by clearly marking the break-even point. It simplifies multi-position management by consolidating average price data and visually representing the account’s balance point directly on the trading chart.
Key features include real-time weighted average calculation, dynamic profit and loss coloring (green, red, white), a strength indicator showing pips distance from the current price, and a clean, professional information panel. The indicator operates with zero lag, ensuring timely updates for effective decision-making.
Checkpoint supports position traders scaling in or out, portfolio management across instruments, risk management, and stop-loss placement by clearly marking the break-even point. It simplifies multi-position management by consolidating average price data and visually representing the account’s balance point directly on the trading chart.
Indicator profile
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Discussion
FAQ
BTCUSD
Forex
Indices
EURUSD
Commodities
GBPUSD
NZDUSD
Crypto
Stocks
XAUUSD
NAS100
USDJPY
Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.
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Price
Since 28/12/2024
54
Free installs
