You may also try another indicator.
Spread monitor indicator mt4. Works on ticks rather than bars. Your task having seen the warning signal from the indicator is to not open a trade at the moment but to wait for the spread value to normalize. You open your mt4 navigator and find the spread indicator and double click or click and drag into a chart you want the spread indicator to display. Trading spread and swap monitor mq4 indicator the indicator displays in a separate sub window of the chart the current symbol bid ask prices the current swap the expected deposit for a long short position as well as the floating spread for the symbol and the remaining time until the candle completion of the current time frame.
This spread history indicator mt4 called the fxrm spread history mq4 main objective is to monitor and keep a record of your forex broker s spread. The information collected doesn t lost after the indicator s delete and can be shown again after attaching to the chart. Indicator s work for real and synthetic currency pairs. By default you will have a text and number display on the top left hand side of the mt4 trading platform with something like this.
Monitoring spread indicator for metatrader 4 is a metatrader 4 mt4 indicator and the essence of the forex indicator is to transform the accumulated history data. These values are set to be visible even after a reboot. Monitoring spread indicator for metatrader 4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. Check this box to confirm you are human.
How to trade with the fxrm spread history mt4 indicator. Also spreadmonitor could save all the desired spread values to csv files for later analyze the results. Spread monitoring is a unique product for analyzing a spread. The spread warner indicator will help to avoid such situations by warning you in time about an abnormal spread value.
Indicator shows a histogram the idea is not mine with minimal red average green and maximal blue spread values on the corresponding bars. Simple and easy indicator configuration. Unlike most similar indicators spread monitoring uses ticks rather than bars allowing you to detect abnormal spread expansions. The download link is at the very bottom of this article.
Spread logging indicator special for metatrader 4 spreadmonitor is a special spread logging indicator which displays the current minimum maximum and average spread values.
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