Spread History Indicator

Description
Spread History is a simple yet essential indicator that displays the historical spread, candle by candle, in a separate window alongside its moving average. With a real‑time line and overlaid text on the main chart, you can easily monitor the spread applied by your broker at every market phase.

Purpose

• Show the actual spread provided by the broker for each candle

• Calculate and display the spread’s moving average over a configurable period

• Overlay the current spread value and its average directly on the chart

• Identify periods of higher spreads (e.g., market open/close, before economic news)

• Help avoid unprofitable trades in adverse market conditions

Key Features

• Dynamic historical spread line with customizable color

• Simple Moving Average (SMA) of the spread over N bars

• On‑chart label showing spread and current average

• User‑configurable parameters: SMA period, line color, text color

• Instant updates with zero lag

Target Users

• Scalpers and day traders who need to avoid high spreads

• Traders comparing different brokers or demo vs. live accounts

• EA developers requiring consistent, low spreads

• Analysts conducting post‑trade reviews or session optimization

Compatibility

• Timeframes: all

• Instruments: Forex, indices, cryptocurrencies, CFDs

• Broker types: ECN, STP, Market Maker

Additional Tip
Combine Spread History with a market session indicator (Asia, Europe, US) to pinpoint the best trading hours more accurately.