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Indicators

Spread Monitor - indicator for MetaTrader 5

Musa Khunariov
| English Русский 中文 Español Deutsch 日本語 Português 한국어 Français Italiano Türkçe
Published by:
Musa Khunarikov
Views:
43
Rating:
(1)
Published:
Download as ZIP How to download code from MetaEditor
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Spread Monitor — a simple information indicator for MetaTrader 5.

Features:

  • Displays the current spread in pips
  • Displays Bid and Ask
  • Colour coding: green / yellow / red
  • Supports Russian and English
  • Customisable thresholds and colours
  • Does not overload the chart — just a single text panel


Settings:

  • Language — language selection (Russian / English)
  • X_Offset, Y_Offset — panel position
  • MidThreshold, HighThreshold — spread thresholds in points
  • ColorLow, ColorMid, ColorHigh — display colours
  • FontSize — font size


Why it is needed:

Traders use it to monitor the spread before entering a trade. It is particularly useful during news events and periods of low liquidity.


Spread Monitor on EUR/USD H1 The Spread Monitor indicator on the EURUSD H1 chart The Spread Monitor indicator on the EURUSD H1 chart

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/77409

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