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IceFX SpreadMonitor

IceFX SpreadMonitor is a special spread logging indicator which displays the current, minimum/maximum and average spread values. These values are set to be visible even after a reboot. Also, SpreadMonitor could save all the desired spread values to .csv files for later analysis of the results.

Indicator parameters:

  • SpreadLowLevel - low level of spread (show value in green color)
  • SpreadHighLevel - high level of spread (show value in red color)
  • BGColor - background of panel
  • SpreadNormalColor - color when the spread is normal
  • SpreadRedColor - color when the spread is high
  • SpreadGreenColor - color when the spread is low
  • BarColor - color of the bar at right side.
  • WriteToCSV - write spread high, low, average values per candles to CSV file to data folder (<MT4 Data Folder>\MQL4\Files\SpreadMonitor)
Maksym Mudrakov
2016.08.30 19:27 

User didn't leave any comment to the rating

Zhiyu Tan
2016.06.30 20:11 

Very good! Very useful!

2015.12.16 22:45 

Very Very important for my strategy building. More important than a brokers advertised avg spread amount.

My FXCM advertised ECN is .5pips and I usually witness .1-.7pips at any given time.

Today Fed raised rates. And my spreads averaged 5 full pips during the 2 minutes before and 2 after announcement. Spikes as high as 12.

My EA can now be adjusted to prepare for more than just "spreads widen" but by a real quantitated amount.

Thank you Norbert Mereg

Rinor Memeti
2015.09.23 17:27 

User didn't leave any comment to the rating

Vladimir Gulyaev
2015.08.22 19:48 

Indispensable. Helpful. Free.

Vadim Strelkov
2014.05.12 12:53 

User didn't leave any comment to the rating

Version 1.32 - 2016.03.18
- fixed 2-digits XAU
Version 1.31 - 2016.03.15
- support 2-digits CFDs
Version 1.30 - 2016.01.27
- parameter of colors available
Version 1.21 - 2014.02.04
- Fixed bug with load from file.