Spread

Spread MetaTrader indicator — displays current spread in the main window of the chart. You can modify the font parameters, indicator's position and the normalization of the spread value. The spread is redrawn after each tick, ensuring the most current and active spread value. This can be useful for brokers with variable spreads or with spreads that are widened often. The indicator is available for both MT4 and MT5.

Input parameters:

• font_color (default = Red) — color of the spread indicator.
• font_size (default = 14) — size of the spread indicator.
• font_face (default = "Arial") — font of the spread indicator.
• corner (default = 0/ANCHOR_LEFT_UPPER) — location for the spread indicator. In MT4: 0 — for top-left corner, 1 — top-right, 2 — bottom-left, 3 — bottom-right. In MT5 it's quite obvious.
• spread_distance_x (default = 10) — horizontal distance from the corner to indicator.
• spread_distance_y (default = 130) — vertical distance from the corner to indicator.
• normalize (default = false) — if true then the spread value is normalized and is given in conventional pips. If false then the spread is given in the current pips as is. Can be useful for nonstandard quotes.
• AlertIfSpreadAbove (default = 0) — if above zero, then a sound alert will be issued if spread goes above given value.

This indicator can't be used to generate trading signals. It can only assist you to make trading decisions, set proper stop-loss or take-profit levels and inform of the current market situation in a simple and fast manner.

Downloads:

Spread for MetaTrader 4 in .zip

Spread for MetaTrader 4 in .mq4

Spread for MetaTrader 5 in .zip

Spread for MetaTrader 5 in .mq5

Discussion:

Do you have any suggestions or questions regarding this indicator? You can always discuss Spread with the other traders and MQL programmers on the indicators forums.