Spread Monitor Pro

5

DRX SPREAD MONITOR is a professional utility designed to visualize and analyze broker spreads in real-time. It helps traders identify hidden costs caused by spread widening during news events, rollovers, or low liquidity sessions.

This tool is essential for Scalpers and Gold traders who need to ensure execution quality and avoid entering trades when trading costs are statistically too high.

Key Features

  • Real-Time Histogram: Displays the spread history in a separate window with color-coding for Normal, High, and Extreme levels.
  • Dynamic Moving Average (MA): Calculates the average spread trend to help you distinguish between temporary spikes and structural spread increases.
  • Visual "Equalizer" Mode: A unique bar-chart visualization that provides instant feedback on market liquidity conditions without cluttering the chart.
  • Live Data Panel: A compact dashboard on the chart displaying:
    • Current Spread
    • Average Spread (Time-based)
    • Min/Max Records
  • Acoustic Warning System: Customizable sound alerts trigger when the spread exceeds your defined "High" or "Extreme" thresholds.

Use Cases

  • News Trading: Detect when spreads return to normal after high-impact news.
  • Broker Comparison: Monitor different brokers to see who offers better conditions during volatile phases.
  • Cost Reduction: Filter out trades during expensive market hours.

Settings

You can customize the look and feel (Colors, UI placement), adjust the alert thresholds, and define the calculation period for the moving average.

Reviews 1
heiko v.piechowski
2029
heiko v.piechowski 2026.03.15 20:08 
 

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heiko v.piechowski
2029
heiko v.piechowski 2026.03.15 20:08 
 

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Simon Draxler
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Reply from developer Simon Draxler 2026.03.15 20:18
Thanks very much
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