Spread Indicator

Spread Indicator
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The Spread Indicator for MetaTrader 4 (MT4) is a useful forex tool that quickly allows you to get to know the current currency spread on the market. This is especially useful with non-fixed spread brokers, determining the current spread by looking at the 5-digits quotes can be an exhausting task.
In other words, the Spread Indicator is used to measure the difference between the bid and ask price of a financial instrument, security, currency pair, or asset. The spread indicator is used in a chart to visually show the spread at a quick glance of an eye and it is a popular tool among forex traders.
The indicator is displayed in the top left corner of your chart. You can easily customize the position, color and font size as with ordinary labels. Your changes won’t get overridden.
When you load up the indicator, your chart should look like that (but the label is yellow by default):
Default settings are a bit unreadable on white charts, so we suggest doing some individual adjustments, like bigger font size and different color. These are available settings:
Alright, we have now a crystal-clear spread piece of information. Obviously, the spread indicator is not a trade-entry-provider, but an additional factor that MUST be taken into consideration before making a decision on trade. Let’s say we have a very good trading setup, but when the spread is high it will most probably turn out unprofitable. Never take trades during high-spread conditions.
Take a look at the example below, the trend is very bullish and one could take a long trade, but notice the spread, it’s as high as 16 pips! Better avoid trading during that time.
On the other hand, in that next example, we can also notice a clear bullish trend and possible long opportunities. We can safely look for entry, as the spread is only 2.1 pips.
To the downloadable archive (at the bottom of this post) we have added an alternative, simple version of MT4 Spread Indicator. In this case, the indicator displays spread value in points instead of pips. For example, a spread of 55 points is a spread of 5.5 pips.
There are a few major keypoints ralated to spread:
You should know that the MetaTrader trading platform (both versions MT4 and MT5) comes with spread information by default, but it needs to turn on manually. To enable that feature, navigate to the Market Watch panel, and then right-click the header and left-click the Spread option in the menu.
After you successfully turn it on, you should have an additional column with the spread provided in the Market Watch panel. It should look like that:
Download the Spread Indicator.rar archive at the bottom of this post, unpack it, then copy and paste the Spread Indicator.ex4 or Spread Indicator.mq4 files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart .
To download the Spread Indicator for Metatrader 4 (MT4) for free just click the button below:
At ForexRacer.com we share a collection of the best forex indicators for Metatrader 4 and Metatrader 5 (MQL4 & MQL5). You will also find top trading systems and strategies. All these tools are a free to download. We encourage you to visit us regularly as we continuously add new things to the current list. Enjoy our forex library.

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The results of the Spread indicator depend on the time-frame that you choose. For example if you will attach the indicator to the M1 chart - the Spread indicator will draw 1 minute bar periods. The Spread indicator measures:
The results from the beginning of measuring are located in the upper left corner. Next to the Spread text label, there is an average spread from the beginning of measuring (3.6 in the picture above), minimum spread from the beginning of measuring (2.0 in the picture above) and maximum spread (7.0 in the picture above). The light blue horizontal line stands for actual spread. The grey horizontal line stands for average spread from the beginning of measuring.
The light blue bar represents minimum and maximum value of spread during given time period. The dark blue color represents a maximum value of spread from the beginning of measuring. Our Spread indicator is a professional and highly useful MT4 tool for measuring spreads, spotting spread widening of low-quality brokers and measuring your real spread trading costs. Also do not forget that except spread costs, execution costs (slippage) influence every order executed on real account too.

Do you need help with installing this indicator into MT4 for Windows or Mac OS?

Our guide HERE will help you.

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использует защитную технологию, которая является устаревшей и уязвимой для атаки. Злоумышленник может легко выявить информацию, которая, как вы думали, находится в безопасности.

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English:
Indicator calculates spread between future and it's theoretical price baased on base contract, number of days to expiration and central bank key rate.
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Source 2 (Aug 11, 2019):

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