Total position on a currency pair

Total position on a currency pair displays the sum of all trades including their volume and direction. Total position shows whether the market is inclined to buying or selling and the volume of both trends. The sum of all trades is calculated by addition of positions to buy and subtraction of positions to sell. The more the total sum of positions on a certain pair is the higher a possibility of bears (sellers of a currency pair) on the market is.

An extremely high value of this indicator can be interpreted as a signal to buy in case of trend trading, or a signal to sell in case of trading against the trend.

When the total position value of the currency pair becomes extremely low it may be taken as a buy signal in case of trend trading, or as a buy signal in case of operating against the trend.

In MetaTrader Terminal of InstaForex this type of statistics is available in the form of XXYYYYYYY symbol, where XX has the following meanings:
for EURUSD XX=EU
for GBPUSD XX=GU
for USDCHF XX=UC
for USDJPY XX=UJ
for USDCAD XX=UD
for EURCHF XX=EC
for EURJPY XX=EJ
for GBPCHF XX=GC
for GBPJPY XX=GJ

To display the symbol, right click the Market Watch window in Terminal

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