Aggregate position on a currency pair reflects the total amount of all trades including their volume and direction. Aggregate position shows whether the market is inclined to buying or selling and the volume of a prevailing trend. It is calculated as a sum of Buy positions minus Sell positions. The larger the aggregate position on a certain currency pair is, the more buyers of the currency pair are on the market; if it is small, then sellers dominate the market.
An extremely high value of aggregate position 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.
An extremely small aggregate position on a currency pair may be taken as a signal to sell in case of trend trading, or as a signal to buy in case of operating against the trend.
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