Gold Spread Traffic Light
- 指标
-
Paolo Ruffini
我是一名拥有超过15年实战经验的交易员，长期活跃于外汇和大宗商品市场，专注于流动性动态、成交量压力以及价格方向性结构的研究。
多年来，我逐步将主观分析与自主开发的量化工具相结合，开发了一系列专注于衡量真实市场参与度的技术指标。
目前，我的研究重点集中在 LMPX – Liquidity Momentum Pulse 系列指标的开发上。该系列指标旨在分析归一化成交量与价格加速度之间的关系。
开发理念
LMPX 方法基于一个简单而核心的原则：
价格只有在获得高于平均水平的市场参与支持时，才能实现可持续的运动。
因此，LMPX 结合了： - 版本: 1.0
Gold Spread Traffic Light
Gold Spread Traffic Light is a real-time spread monitoring indicator developed for MetaTrader 5. It provides an immediate visual assessment of the current difference between Bid and Ask prices through a clear four-color panel.
The indicator is primarily configured for XAUUSD, where spread conditions can change considerably during news releases, market openings, rollover periods and phases of reduced liquidity. It can also be used with Forex pairs, silver, indices, oil and other financial instruments by adapting the spread thresholds to the symbol, broker and account type.
How it works
The indicator continuously reads the current Bid and Ask prices and calculates the spread in both price units and broker points. The result is classified into four customizable conditions: green, yellow, orange and red.
Green indicates that the spread is within the configured optimal range. Yellow represents a moderately higher spread that may still be acceptable depending on the trading strategy and profit target. Orange indicates a significant trading cost and suggests additional caution, particularly when scalping or using short profit targets. Red identifies a very high spread, when waiting for better market conditions may be preferable.
The color classification evaluates the spread only. It does not provide Buy or Sell signals and does not attempt to predict market direction.
Main functions
The panel displays the current spread, Bid and Ask prices, and the average, minimum and maximum spread recorded during the active session. It can also estimate the spread cost for a customizable reference lot size.
Optional notifications can warn the user when the spread enters the very-high range and when it subsequently returns to the optimal range. Sound alerts can be enabled or disabled independently. A reset control allows the recorded spread statistics to be restarted without removing the indicator from the chart.
Default XAUUSD configuration
The default thresholds classify a spread of up to 0.30 as optimal, up to 0.50 as medium, up to 0.80 as high and above 0.80 as very high.
These thresholds are expressed in price units rather than broker points. For example, an XAUUSD spread of 0.30 represents the same effective price difference whether the broker quotes gold with two or three decimal places.
Because spreads vary between brokers, account types and trading sessions, users should observe the normal spread of their instrument and adjust the thresholds when necessary.
Custom settings
The configurable inputs include the maximum spread for each color range, the reference lot size used for the estimated cost, panel position, refresh frequency, Bid and Ask visibility, high-spread notifications, return-to-optimal notifications and sound alerts.
Compatibility
Gold Spread Traffic Light works on every chart timeframe and is compatible with Cent, Standard, Raw and ECN accounts. It can be used with both hedging and netting accounts.
The indicator can run on the same chart as an Expert Advisor, trade management utility or another technical indicator. It does not open, close or modify trading positions.
Important information
Gold Spread Traffic Light is a spread monitoring and visual support tool. A green condition only means that the current spread is within the thresholds configured by the user. It does not indicate that a trade is safe or that market conditions are favorable in every respect.
The estimated spread cost is calculated using the tick size and tick value supplied by the broker. It should therefore be considered an approximation and may vary according to the instrument and account conditions.
