The Equity and Balance indicator developed for Metatrader 5 provides real-time updates of your trading accounts’ equity and balance in a separate chart window.
The equity is graphed as a lime-colored line, while the balance is represented by a distinct blue-colored line.
With a quick glance, this indicator offers valuable insights into your performance when trading in the Forex market.
How to interpret this tool?
- If your account balance is trending upward, you are making more profits than losses.
- If your account balance is trending downward, you are making more losses than profits.
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Equity and Balance.mq5 Indicator (MT5)
Chart Example
The picture below displays how the Equity and Balance indicator looks when applied to the MT5 chart.
How To Buy And Sell Currency Pairs With The Equity and Balance Indicator?
The primary purpose of the indicator is to exhibit your trading accounts’ equity and current balance; it does not generate any buy or sell signals.
Combine it with an existing trading strategy or buy/sell technical indicators.
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Equity and Balance.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Equity and Balance.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click on the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on the properties
- Now you can edit the inputs, colors, levels, scale, and visualization
- Finally, click the OK button to save the new configuration