Spread Indicator Download for MT4
- Indikatoren
- Eda Kaya
- Version: 1.3
Spread Indicator download For Meta Trader 4
The Spread Indicator on MetaTrader 4 (MT4) serves to reveal the real-time gap between the Bid and Ask values. This variance, calculated in points (pipettes), appears clearly at the upper-left section of the chart window.
«Indicator Installation & User Guide»
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Indicator table
Indicator Categories | Money Tools - Risk Analysis - Trade Monitor |
Platforms | MetaTrader 4 |
Trading Skills | Beginner through Advanced |
Indicator Types | Reactive |
TimeFrame | Supports All Timeframes |
Trading Style | Scalping - Intraday - Daily Trading |
Trading Instruments | Forex - Cryptocurrency - Equities |
How the Spread Indicator Works
In the 5-minute timeframe of GBP/JPY, the indicator precisely shows the spread — the gap between the Bid and Ask quotes — on the upper-left side of the screen for fast reference.
Indicator settings
• Font_Color: Define the color used for text display
• Font_Size: Choose the desired text size
• Font_Face: Pick the font style
• Display_Corner: Set which corner of the screen to display the indicator
• Distance_x: Adjust the horizontal positioning offset
• Distance_y: Adjust the vertical positioning offset
• Above: Triggers an alert when the spread exceeds your specified value
Summary
The Spread Indicator download For Meta Trader 4 gives traders clarity on the spread costs associated with various trading assets, improving cost-awareness and supporting more efficient risk control.