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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
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