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Custom Spread Indicator MT4

FREE

Published: 26 October 2020

Current version: 1.1

Custom Spread Indicator MT4

Name: Custom Spread Indicator MT4
Rating: 4.6666665 (15 reviews)
Author: Ritter Jozsef

4.67

Indicators
Ritter Jozsef
Version: 1.1
Updated: 31 October 2020

Custom Spread Indicator

*Please write a review, thanks!

Also MT5 version is available

Spread Indicator show the current spread in pips with color codes.

Handle 3 levels, Low, Medium, High.

You can set levels and colors for each level (eg. Low: Green, Medium: Orange, High: Red), and can choose display position on the chart.

There is two spread calculation mode:

-> Server spread value

-> Ask - Bid value

Can set opacity, for better customization.

When spread jump bigger, then display do not jump, just slide to the new value, and looks smooth moving, not fluttering.

Try it out, and write a comment, thanks!

more...

Screenshot #1 Custom Spread Indicator MT4

Screenshot #2 Custom Spread Indicator MT4

Screenshot #3 Custom Spread Indicator MT4

Screenshot #4 Custom Spread Indicator MT4

Screenshot #5 Custom Spread Indicator MT4

Screenshot #6 Custom Spread Indicator MT4

199

271811 2023.12.28 19:36 #

very good indicator to have on your charts

GForce 2023.05.18 00:54 #

A fabulous tool to evaluate the level of the spread. I recommend it

Willy63 2023.04.27 21:22 #

Nice, works, useful tool,thanks

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Custom Spread Indicator *Please write a review, thanks! Also MT4 version is available Spread Indicator show the current spread in pips with color codes. Handle 3 levels, Low, Medium, High. You can set levels and colors for each level (eg. Low: Green, Medium: Orange, High: Red), and can choose display position on the chart. There is two spread calculation mode: -> Server spread value -> Ask - Bid value Can set opacity, for better customization. When spread jump bigger, then display do not

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Filter:

1478

Tony Franciscus Jans 2025.02.07 16:18 #

User didn't leave any comment to the rating

150

Eduardo Aurelio Peregrina Cano 2024.06.20 07:42 #

indicador muy util, en lo personal lo ocupo todo el tiempo

PetoForex 2024.01.08 17:54 #

User didn't leave any comment to the rating

199

271811 2023.12.28 19:36 #

very good indicator to have on your charts

GForce 2023.05.18 00:54 #

A fabulous tool to evaluate the level of the spread. I recommend it

Willy63 2023.04.27 21:22 #

Nice, works, useful tool,thanks

788

clearsearcher1 2022.12.07 03:32 #

Simple and easy. Thanks

chuckD 2022.11.18 21:45 #

Works perfectly!

Muhammad Zubair 2022.10.21 09:37 #

Very Good

1514

Sun Ren Gao Yu 2022.10.12 19:29 #

very useful this indicator shows spread real time.

davette965 2022.10.11 18:05 #

User didn't leave any comment to the rating

791

Justin Davis 2022.09.27 20:47 #

Great Indicator! Is there any way you could create a spread dashboard that shows the spread of multiple pairs at once? I'm thinking whatever currency pairs are in the market watch, it could generate the current spreads for them on a clean and easy to read dashboard. Thanks!

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manilenio 2022.07.19 11:40 #

I'd like to say that it's great, and for the most part, it is. However, I'm sometimes confused because for example Gold, my other indicator says it's 25 pips, but this indicator says it's 2.5 pips. There's a discrepancy I don't know how to resolve. I'd be glad to change this rating if the dev could clarify it.

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Reply from developer Ritter Jozsef 2022.07.19 13:01 #

Dear manilenio,
in generally 1 pips = 10 points (or pipettes), on 5 digit broker it's the 4th digit in the price. Some pair or broker deflect from this value, and sometimes use points as pips. In this free indicator i use fix 10 multiplier. So 2.5 pips *10 = 25 points.
Regards, Jozsef

brooks anderson 2022.07.11 18:34 #

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Asamoakk 2022.06.30 17:26 #

Very NIce indicator; my chart is always bare; but THIS, necessary. The MT5 version is better though; able to change the "view on all time frames" to a few, but this one stuck. Thanks though. Much love

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Mohibul Hoque 2022.06.21 21:26 #

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twoolf 2022.05.19 16:50 #

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paulobu 2022.03.27 08:47 #

Very helpful indicator at the time you make a trading decision.

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Sairam Choda 2022.03.04 04:36 #

super indicator

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khll62 2022.02.13 19:15 #

جميل

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