Description
Position Pivot Pro is an advanced position management tool designed for traders who operate multiple entries on the same asset. The indicator automatically calculates the average pivot point of all open positions, providing a crucial visual reference on the chart.
Key Features:
- Real-Time Pivot Calculation:
- Simple Average: Arithmetic mean of entry prices
- Volume-Weighted Average: (Default) Considers each position's volume for more accurate pivots
- Dynamic chart line that adjusts automatically
- Complete Information Panel:
- Displays calculated pivot point
- Shows movement strength in pips (distance from current price)
- Total positions and volume in lots
- Unrealized P&L, accumulated swap, and total commissions
- Cost Alert System:
- Visual alerts when commissions or swap exceed configurable limits
- Warnings for high absolute costs
- Dynamic colors (green/profit, red/loss, neutral)
- Technical Characteristics:
- Zero Lag: Real-time calculations without delays
- Fully Customizable: Panel position, colors, line thickness
- Mid/Bid Price Mode: Choose calculation reference
- Automatic updates with position changes
Trader Benefits:
- Faster decision-making with consolidated view of all positions
- Improved risk management by identifying breakeven points
- Cost optimization with swap and commission monitoring
- Movement strength analysis relative to pivot
Use Cases:
- Scaling in/out: Identify ideal average price to add/reduce positions
- Hedge management: Monitor opposite positions simultaneously
- Trend trading: Track development of gradual entries
- Day trading: Precise control of multiple intraday trades
Perfect for traders using pyramiding, martingale, or multiple entry strategies, transforming complex data into actionable information directly on the chart.
Summary
AI summary
VMM PositionPivotPro is an advanced trading indicator designed for managing multiple open positions on the same asset. It calculates the average pivot point of all open trades in real time, providing a dynamic visual reference on the chart. The pivot calculation can be a simple arithmetic mean or a volume-weighted average, which accounts for position sizes for greater accuracy.
Key features include a comprehensive information panel displaying the calculated pivot, distance from the current price in pips, total positions and volume, unrealized profit and loss, accumulated swap, and total commissions. The tool also offers a cost alert system with configurable visual warnings for high commissions or swap costs, using dynamic color coding to indicate profit, loss, or neutral status.
Technically, the indicator operates with zero lag, updates automatically with position changes, and is fully customizable in terms of panel placement, colors, and line thickness. Users can select the price reference mode (mid or bid price).
This tool supports various trading approaches such as scaling in/out, hedge management, trend trading, and day trading. It is suitable for traders employing pyramiding, martingale, or multiple entry strategies, helping to consolidate position data and enhance decision-making and risk management across markets including Forex, stocks, commodities, indices, and cryptocurrencies.
Key features include a comprehensive information panel displaying the calculated pivot, distance from the current price in pips, total positions and volume, unrealized profit and loss, accumulated swap, and total commissions. The tool also offers a cost alert system with configurable visual warnings for high commissions or swap costs, using dynamic color coding to indicate profit, loss, or neutral status.
Technically, the indicator operates with zero lag, updates automatically with position changes, and is fully customizable in terms of panel placement, colors, and line thickness. Users can select the price reference mode (mid or bid price).
This tool supports various trading approaches such as scaling in/out, hedge management, trend trading, and day trading. It is suitable for traders employing pyramiding, martingale, or multiple entry strategies, helping to consolidate position data and enhance decision-making and risk management across markets including Forex, stocks, commodities, indices, and cryptocurrencies.
Indicator profile
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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
