Average rate of all pending Buy orders on a currency pair
Values of average entry points of bulls and bears show average levels at which a currency was bought at various moments of 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: