Kiwi Spread Monitor MT5

Kiwi Spread Monitor MT5

Kiwi Spread Monitor MT5 is a free MetaTrader 5 utility designed to help traders monitor the current bid/ask spread and understand trading costs directly from the chart.

Spread can change significantly during volatile market conditions, news events, session changes, rollover periods, or periods of reduced liquidity. Kiwi Spread Monitor provides a clear on-chart dashboard so traders can quickly see whether the current spread is within their preferred trading range.

The utility does not open trades or provide trading signals. It is designed as a monitoring and decision-support tool.

Main Features

Real-Time Spread Monitoring
Displays the current spread directly on the chart and updates it as market prices change.

Minimum, Average and Maximum Spread
Tracks spread statistics to help you understand how trading costs change over time.

Spread Status Display
The dashboard classifies current spread conditions using simple visual status levels, making unusual spread conditions easier to notice.

Estimated Spread Cost
Enter a reference lot size and the utility estimates the approximate spread cost for that trade size.

Custom Spread Levels
Configure the spread thresholds according to the symbol and broker you are using.

Spread Alerts
Optional alerts can notify you when the spread exceeds your selected level.

Clean On-Chart Dashboard
Important information is presented in one compact panel:

  • Current spread
  • Spread status
  • Average spread
  • Minimum spread
  • Maximum spread
  • Trading status
  • Reference lot
  • Estimated spread cost
  • Current symbol

Where It Can Be Useful

Kiwi Spread Monitor can be used with:

Forex • Gold • Indices • Cryptocurrency • CFDs

It can be particularly useful for scalpers and short-term traders because transaction costs can have a greater effect on strategies with relatively small profit targets.

It can also be placed on a chart alongside another Expert Advisor to observe the spread conditions under which that EA is trading.

Spread Cost Calculator

The utility includes an estimated spread-cost calculation based on the selected reference lot size.

For example, you can set:

Reference Lot: 0.10

The dashboard then displays an estimated cost associated with the current spread.

Actual execution costs may differ because of commissions, slippage, contract specifications, execution conditions and broker pricing.

Customizable Alerts

Users can configure a spread threshold and optionally enable:

Popup alerts • Sound alerts • Push notifications

An alert cooldown is included to reduce repeated notifications when the spread remains above the selected threshold.

How to Use

  1. Attach Kiwi Spread Monitor to any MT5 chart.
  2. Select your preferred spread display settings.
  3. Configure normal, high and extreme spread thresholds.
  4. Set a reference lot size if you want to monitor estimated spread cost.
  5. Enable alerts if required.
  6. Monitor the dashboard before and during trading.

Important

Kiwi Spread Monitor is a monitoring utility only.

It does not open, close or manage trades and does not predict future market direction. Spread conditions and trading costs depend on the broker, account type, symbol, liquidity and market conditions.

Kiwi Spread Monitor MT5 — a simple way to monitor spread conditions and trading costs directly from your MetaTrader 5 chart.


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Indicadores
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Indicadores
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