Calculate the spread of the last N bars - MetaTrader 4 script | Trading script download - MT4/MT5 resources
V3 version update:
This modification will return a string indicating whether the spread is up, down, or unchanged.
This code will print the price at the beginning and end of the calculation, as well as calculate and print the spread.
In this version of the script, the spread is calculated as the difference between the price at the beginning and end of the calculation,
Then convert it to points. Finally, it determines the direction of the spread and prints the result accordingly.
Added point-to-point conversion factor
A very simple N-bar pip calculator for trading symbols and period charts
Because I found it quick and useful, I wanted to share it with you!
Attachment download
📎 pip_difference_over_n_bars_v3.mq4 (2.48 KB)
Source: MQL5 #49020
Calculate the spread of the last N bars - MetaTrader 4 script | Trading script download - MT4/MT5 resource usage and screening suggestions
Calculate the spread of the last N bars - MetaTrader 4 script | Trading script download - MT4/MT5 resources are trading script 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 on titles or short-term profit descriptions.
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