SignalX Spread Monitor MT5
- Utilities
- Ahmed Ismail Muhammad Ismail Al Talhat
- Version: 1.0
- Activations: 5
What this is
A small on-chart readout of current spread, with a warning threshold, a colour state and an optional countdown to the next candle. Spread is a cost that most EAs and most manual traders simply do not measure.
What it does
On-chart readout of current spread in points, its 60-bar average, spread against a warning level, the active session and a countdown to the next bar close.
- Puts the cost of the trade on the chart next to the price, with a warning state, instead of hiding it in the Market Watch column.
- Runs on a single chart; it does not need to be the chart you trade from.
- No DLL calls. No external services. No network requests.
- No account, terminal, symbol or time limitation is embedded.
Inputs
| Input | Type | Default |
|---|---|---|
| InpX | int | 12 |
| InpY | int | 24 |
| InpFontSize | int | 9 |
| InpSpreadWarn | double | 25.0 |
| InpShowCountdown | bool | true |
| InpShowAverage | bool | true |
| InpGoodColor | color | clrLimeGreen |
| InpBadColor | color | clrTomato |
How to use it
- Attach the utility to a chart; it draws itself and needs no other file.
- Set the inputs to match how you read the chart. Defaults are deliberately plain.
- Nothing is sent anywhere: it reads the chart it sits on and writes only to that chart.
- Test on a demo account first. That is not a formality; the defaults are not tuned to your broker.
Notes
- Written for MetaTrader 5, any broker. It uses only standard platform functions; no DLL, no external library.
- Coexists with other tools on the same account; it only touches what you point it at.
- It performs management and measurement only; it does not generate trading signals.
Honest limits
- This is a tool, not a strategy. It does not predict anything and it cannot make a losing method profitable.
- No performance figures are published for it because tools of this kind do not have a meaningful backtest curve of their own.
- If your broker quotes oddly (very wide spreads, non-standard tick values) verify the sizing on a demo account before using real funds.
Trading involves risk of loss. Nothing here is financial advice.
