Spread Indicator Download for MT5
- Indicators
- Eda Kaya
- Version: 1.3
Spread Indicator download For Meta Trader 5
The Spread Indicator is a practical utility designed for MetaTrader 5 (MT5) that highlights the gap between the Bid and Ask prices directly on the chart. Positioned in the upper-left corner of the screen, it presents the current spread in real-time using pipettes (points), providing traders with a clear view of market costs.
«Indicator Installation & User Guide»
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Indicator Table
Indicator Categories | Money Management - Risk Monitoring - Trade Assistant |
Platforms | MetaTrader 5 |
Trading Skills | Suitable for All Levels |
Indicator Types | Delayed Data Tool |
TimeFrame | Multi-Timeframe Compatible |
Trading Style | Scalping - Intraday - Day Strategies |
Trading Instruments | Forex - Digital Assets - Equities |
How This Spread Indicator Operates
On a one-hour chart of the US30 index, the indicator captures and displays the difference between Bid and Ask prices, which in this instance is 14 pipettes. This value appears in the chart’s top-left, offering real-time insight into spread conditions.
Indicator Settings
• Font_Color: Choose the color used for spread display text
• Font_Size: Set the font size for on-screen values
• Font_Face: Customize the font style for displayed data
• Display_Corner: Define which chart corner to place the indicator in
• Distance_x: Adjust horizontal spacing from the selected corner
• Distance_y: Adjust vertical spacing from the selected corner
• Alert if spread is above certain value: Enable alerts when the spread exceeds your threshold
Summary
The Spread Indicator provides essential cost-awareness by showcasing the live Bid-Ask spread on MT5. It supports traders in optimizing entries, reducing unnecessary costs, and evaluating broker conditions with greater precision.