Wide_Narrow_Spread - MetaTrader 5 Script - MT4/MT5 Resource
The Wide/Narrow Spread Indicator Bars displays the largest and smallest bars over the selected time period as colored candles.
It has three tunable parameters:
HL = High - Low
Max, Min - maximum and minimum HL within range
Attachment download
📎 wide_narrow_spread.mq5 (12.53 KB)
Source: MQL5 #23535
Wide_Narrow_Spread - MetaTrader 5 script usage and filtering suggestions
Wide_Narrow_Spread - MetaTrader 5 script is a resource related to Forex indicators. 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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