Spreads - MetaTrader 5 Script - MQL5 #2230 | Forex Indicators Download - MT4/MT5 Resources
A simple assistant for traders. The MQL5 Spread indicator displays the current spread of a currency pair on the chart. This indicator is particularly useful when working with a broker that offers floating spreads. I know that it is very inconvenient to calculate the spread based on the quotes in the market every time I open a position or need it to do some calculations. This indicator always shows the current spread of a currency pair.
The last parameter of the MQL5 Spread indicator normalizes the spread to a decimal view common for brokers with non-standard quotes (parameter set to true).
Attachment download
📎 spread.mq5 (3.61 KB)
Source: MQL5 #2230
Spread - MetaTrader 5 Script - MQL5 #2230 | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Spread - MetaTrader 5 Script - MQL5 #2230 | 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 on titles or short-term profit descriptions.
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