Spread Monitor Indicator Mt4
Spread logging indicator special for metatrader 4 spreadmonitor is a special spread logging indicator which displays the current minimum maximum and average spread values.
Spread monitor indicator mt4. As stated the purpose of this indicator is to monitor spreads. Indicator s work for real and synthetic currency pairs. Monitoring spread indicator for metatrader 4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. Indicator shows a histogram the idea is not mine with minimal red average green and maximal blue spread values on the corresponding bars.
Monitoring spread indicator for metatrader 4 is a metatrader 4 mt4 indicator and the essence of the forex indicator is to transform the accumulated history data. Also spreadmonitor could save all the desired spread values to csv files for later analyze the results. Works on ticks rather than bars. You open your mt4 navigator and find the spread indicator and double click or click and drag into a chart you want the spread indicator to display.
Such monitoring is very useful for broker s spread compare and for spread dynamics analysis. The download link is at the very bottom of this article. Your task having seen the warning signal from the indicator is to not open a trade at the moment but to wait for the spread value to normalize. The information collected doesn t lost after the indicator s delete and can be shown again after attaching to the chart.
These values are set to be visible even after a reboot. This spread history indicator mt4 called the fxrm spread history mq4 main objective is to monitor and keep a record of your forex broker s spread. How to trade with the fxrm spread history mt4 indicator. Simple and easy indicator configuration.
Such monitoring is very useful for broker s spread compare and for spread dynamics analysis. The spread warner indicator will help to avoid such situations by warning you in time about an abnormal spread value. You may also try another indicator. Unlike most similar indicators spread monitoring uses ticks rather than bars allowing you to detect abnormal spread expansions.
By default you will have a text and number display on the top left hand side of the mt4 trading platform with something like this.
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