TITLE / OPENING PARAGRAPH: Spread Monitor displays your broker's live spread directly on the chart — updated every tick, color-coded by status, with an optional alert when the spread gets too wide. Know before you trade whether the spread is normal or dangerous. HOW IT WORKS: The indicator reads the current spread every tick and shows it as a colored panel on your chart: 🟢 LOW — spread is within your normal range (green) 🟡 MID — spread is elevated, trade with caution (yellow) 🔴 HIGH — spread