Values of average entry points of bulls and bears show average levels at which a currency was bought at various time. Calculation of these values is based on all currently open positions taking into account their quantity and lots.
As a rule, values of average entry points of bulls are higher than the current market rate of a pair. On the other hand, an average value of entry points of bears is lower than the current market rate of a pair.
If the current market rate of a currency pair is below an average bearish entry point, a downtrend has originated.
In case the current market rate of a currency pair is over an average bullish entry point, an uptrend has originated.
In InstaForex MetaTrader terminal this type of statistics is displayed in the form of XXYYYYYYY symbol, where XX has the following meanings:
To display the symbol, right-click the Market Watch window in MetaTrader, the trading platform MetaTrader 4 by InstaForex, and choose “Show all” in the drop-down menu.
