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Spread Analyser FREE

Spread Analyser is a simple but useful indicator which shows and analyses your broker floating-spread history.

Although many brokers claim to have a low spread, they often refer to the time-averaged value, without giving any indications on the maximum value reached during the day. Quite often, the instantaneous spread shows "peaks" that are several times higher than this average. If these peaks take place during high volatility conditions (as happens frequently) then they can dramatically affect your trading strategy.

On the other hand, since spread is the main way brokers protect and achieve their profits, it is likely that the spread behavior could anticipate strong price movements/volatility, or at least provide good entering/exiting market indications.

These are the motivations behind the development of this indicator.

The indicator collects the spread values at each incoming tick and evaluates their maximum, minimum and the average value within each bar and then displays these quantities as lines in its sub-window. At the same time, in the main window of the chart, the same values are reported but referring to the whole history on the chart.

At the beginning the indicator sub-window is empty. Spread lines start to be drawn as soon as the latest bar closes. This is because no history data can be used in this free version.

After a few days of collecting data, the trader can thus quite reliably judge the quality of the broker with respect to the important issue of theactual spread level policy. Moreover, he/she can recognize possible correlations with, e.g., the volatility level, volumes, trend strength, etc.

The indicator can be used on any timeframe.

In the paid version the spread history can be saved in an external file, so that the collected history data are not lost and can be re-loaded on the chart every time the indicator is re-launched.

The paid version can be downloaded here.

On Chart Information

  • Current Spread = the latest spread measured.
  • History Max Spread = the maximum spread detected since the time of the first received value.
  • History Avg Spread = the average spread among those detected since the first received value.
  • History Min Spread = the minimum spread measured since the first received value.
Spread is always indicated in points
Notice that the use of this indicator within the Strategy Tester makes no sense, because of the adopted fixed spread.

Any comment/feedback is appreciated!

Matthew Todorovski
Matthew Todorovski 2018.06.16 11:12 

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soubra2003 2016.05.09 04:00 

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Francis Dogbe
Francis Dogbe 2016.04.23 21:38 

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