Spread and Rollover Risk Monitor Pro
- Indicators
-
Massimo Giorgio Dagri
I develop and evaluate automated trading solutions for MetaTrader 5, including Expert Advisors, custom indicators, scripts, and other analytical tools. My main area of interest is XAUUSD, where I explore systematic strategies based on technical analysis, price action, market structure, and - Version: 1.20
- Activations: 5
Spread and Rollover Risk Monitor Pro for MetaTrader 5
Monitor live spreads, analyze historical spread behavior and assess the exposure of open positions around rollover and throughout the trading day.
Spread and Rollover Risk Monitor Pro is a read-only MT5 indicator designed to make Bid/Ask spread conditions easier to understand. It combines live monitoring, tick-based historical statistics, a configurable rollover countdown, position exposure analysis and a compact or expanded on-chart dashboard.
Live Spread Monitoring
Follow the current Bid/Ask spread in points, with explicit quote-quality states including valid, stale and unavailable. The indicator identifies unusually high spreads using configurable thresholds and available historical references.
Historical Spread Analysis
The indicator analyzes the tick history available from your broker. Statistics include time-weighted mean, median, 90th percentile (P90), minimum and maximum spread. The expanded panel displays an hourly profile with a selectable P90, maximum or mean metric.
History loading progress, calendar coverage, trading-session coverage and sample-quality information are displayed separately. Incomplete or insufficient data is identified rather than silently treated as a complete reference.
Rollover Countdown and Session Awareness
Configure the rollover time using your broker's server clock. The indicator shows the countdown and identifies pre-rollover, rollover and post-rollover periods. It also checks the trading-session information reported by the terminal. Spread anomalies are monitored throughout the trading day, not only during rollover.
Read-Only Position Exposure
For open positions on the current chart symbol, the indicator reads BUY/SELL direction, Stop Loss information and distance from the relevant closing price (Bid for BUY, Ask for SELL). It compares Stop Loss distance with current and historical spread measures and reports clear risk reasons. Hedging and netting accounts are supported.
No trades are placed, closed or modified. The comparison is an informational exposure assessment, not a probability of stop-out or a guarantee that a Stop Loss will be triggered.
Explainable Risk Status
The panel reports NORMAL, CAUTION, HIGH, CRITICAL or DATA UNAVAILABLE, together with a short explanation. The classification considers the current spread, suitable historical references, rollover conditions, quote availability and open-position exposure. It avoids presenting historical percentiles as reliable when the data does not meet the configured quality requirements.
Dashboard and Alerts
- Compact and expanded on-chart layouts, with adjustable text scale and corner placement.
- Hourly spread chart with P90, MAX and MEAN views.
- Optional dashboard, terminal popup and push alerts for abnormal spreads, rollover proximity, elevated risk and normalization.
- Configurable alert cooldown to limit repeated notifications.
- Optional CSV archive for spread, rollover and risk observations, with buffered writes and file rotation.
Getting Started
- Attach the indicator to the desired MetaTrader 5 chart.
- Set the rollover time according to your broker's server time.
- Choose the history period and dashboard layout.
- Allow the historical loader to collect available tick data. Initial loading time depends on the broker, the selected history period and the terminal environment.
- Enable optional popup, push or CSV logging according to your preferences.
Important Notes
The indicator monitors one chart symbol per instance. Historical tick availability and trading-session definitions depend on the broker. Market closures, missing ticks and extraordinary trading schedules can affect statistical coverage. The displayed spreads are in MT5 points; their monetary significance depends on the symbol's contract specifications.
This is an analytical tool, not a trading signal system or an automated trade manager. It cannot prevent slippage, gaps, execution delays or trading losses. No profitability or risk-reduction outcome is guaranteed.
Spread and Rollover Risk Monitor Pro helps traders examine spread conditions and understand potential exposure using information from their own MetaTrader 5 environment.
