Spread and Cost Monitor Panel - indicator for MetaTrader 5

The indicator shows a small panel with the trading cost of the current symbol. It displays the current spread in pips and points, the average spread since the indicator was attached, and the spread cost of a 1-lot trade converted to the account currency. The values are refreshed on every tick and by a two-second timer.

The cost is calculated from the spread, the tick size and the tick value of the symbol, so it also works for metals, indices and crypto symbols. The average is collected from incoming ticks and starts again whenever the indicator is re-attached or its inputs are changed.

The status line reads Normal while the spread is at or below InpWarnSpread points and switches to Wide in the warning colour when the spread goes above that level. This is useful for checking broker conditions before running a scalping Expert Advisor, or for watching how the spread behaves around news releases and the daily rollover.

Input parameters

• InpWarnSpread - spread level in points above which the status line shows Wide (default 30).
• InpCorner - chart corner the panel is attached to.
• InpX, InpY - distance from that corner in pixels (scaled with the screen DPI).
• InpFontSize - font size of the panel text.
• InpTextColor, InpValueColor - colours of the labels and the values.
• InpOkColor, InpWarnColor - colours of the status line in the normal and wide states.
• InpBgColor - panel background colour.

The panel scales with the screen DPI and can be placed in any corner of the chart. The indicator only displays information. It does not place or manage trades.

Spread monitor panel on BTCUSD M30