RiskSpread - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author : Vice President Vadim
The indicator draws a colored filled channel at a distance from the current price equal to the current spread multiplied by 10.
In other words, this indicator plots an area where trading is likely to result in losses. It is especially useful for currency pairs with huge spread values.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on November 22, 2010.
Figure 1 Risk spread indicator
Attachment download
📎 riskspread.mq5 (10.03 KB)
Source: MQL5 #18191
RiskSpread - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
RiskSpread - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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