Pro Spread
- Indicators
- Version: 4.22
- Activations: 5
Pro Spread — Spread, GARCH Volatility and Intelligent Market Reading
Pro Spread is a professional indicator for MetaTrader 5 that combines spread analysis with a GARCH(1,1) volatility model, providing a normalized reading of current market conditions.
In an organized subwindow, the indicator displays the Smart Score, the spread score, and the GARCH estimate. This information helps the user identify periods of compression, normal conditions, expansion, and extreme volatility.
Pro Spread does not independently determine a buy or sell direction. Its purpose is to analyze the quality, intensity, and stage of market movement. Direction should be confirmed through price structure and the user's strategy.
Main Features
- Monitoring of the instrument's spread.
- Spread normalization based on recent historical data.
- GARCH(1,1) volatility model.
- Combined Smart Score ranging from 0 to 100.
- Automatic classification of market conditions.
- Confidence calculation for the current reading.
- Visual identification of relevant expansions.
- Side panel with summarized information.
- Visual levels at 20, 40, 60, and 80.
- Configurable line smoothing.
- Memorization of the selected mode by instrument and timeframe.
- Works with different instruments and chart periods.
- Compatible with the Strategy Tester.
- Clean visual replay without historical Bid, Ask, and Last traces.
Displayed Lines
- Smart Score: intelligent combination of spread and GARCH volatility.
- GARCH: normalized reading of estimated volatility.
- Spread: normalized condition of the current spread relative to its history.
The readings are displayed on a scale from 0 to 100 to facilitate visual comparison.
Market States
The indicator internally classifies the market into five states:
- Calm market.
- Compression.
- Normal condition.
- Expansion.
- Extreme condition.
This classification helps identify whether the market is experiencing low activity, accumulating energy, or going through a higher-intensity movement.
Analysis Modes
Pro Spread offers five selectable modes:
- AUTO: automatically selects the most appropriate interpretation.
- TREND: prioritizes sustained volatility and continuation conditions.
- PULLBACK: looks for compression followed by a resumption of expansion.
- REVERSAL: observes extreme readings accompanied by a loss of momentum.
- BREAKOUT: looks for transitions from compression to expansion.
The selected mode can be stored separately for each instrument and timeframe.
Expansion Signals
The indicator can display a green arrow when it identifies a relevant expansion according to the Smart Score, spread, and volatility.
The green arrow represents expansion confirmation, not a direct buy indication. Trade direction should be determined through price analysis and the strategy being used.
Available Settings
The user can adjust:
- Spread analysis period.
- Alternative spread, when necessary.
- GARCH Omega, Alpha, and Beta parameters.
- Volatility calculation period.
- Spread weight in the Smart Score.
- GARCH volatility weight.
- Minimum level for identifying expansion.
- Minimum Smart Score momentum.
- Minimum distance between signals.
- Visual smoothing.
- Upper limit of the lines.
- Smart Score display.
- Signal display.
- Side panel and additional information.
How to Use
Add Pro Spread to the chart and monitor the relationship between the three lines.
Lower readings generally represent calmer or more compressed conditions. A simultaneous acceleration of the spread, GARCH, and Smart Score may indicate increased activity and market expansion.
For a more complete analysis, combine the indicator with:
- Market structure.
- Support and resistance.
- Trend analysis.
- Volume.
- Liquidity zones.
- Risk management.
Important Note
Pro Spread is a technical analysis support tool. It does not execute trades automatically, does not independently determine price direction, and does not guarantee financial results.
Test the settings on the desired instrument and timeframe before using it on a real account.
