This information indicator allows you to always be aware of the current account status.
The indicator shows various data, including profit in points, percentage and currency, as well as a current symbol spread and time before a bar is closed on the current timeframe.
My trading strategy does not involve the use of any indicator, but my. Lot calculator indicator on the navigator bar is different from the others.
You can select one of the different info line location types:
- To the right of the price (always following it);
- As a comment (in the upper left corner of the chart);
- In a selected screen corner.
You can also select a data separator:
- /
- .
- #
The indicator is easy to use and very informative. You can disable unnecessary items of information in the settings.
Parameters
- Type of appearance - info line appearance type. There are three options:
- Follow the price - following a price,
- As comment - as a comment and
- In selected corner of the screen - in the selected corner of the screen
- Graph corner for attachment - if In selected corner of the screen is selected, this parameter allows you to select one of the four attachment angles
- Show profit? - enable/disable display of a profit in a deposit currency
- Show profit in percents? - enable/disable display of a profit in percentage
- Show spread? - enable/disable display of a current spread
- Show time to bar closure? - enable/disable display of a time remaining till a bar is closed
- Text color - text color
- Profit color - text color if there is a floating profit
- Loss color - text color if there is a floating loss
- Separator - line data separator. The parameter may have five values: ' ', '/', '.', '', or '#'
- Y coordinate - Y coordinate (if In selected corner of the screen is selected as the appearance type)
- Indent in bars - indent from the current bar, in bars (if Follow the price is selected as the appearance type)
- Font size - text font size
- Font - text font
This spread indicator MT4 is a really good tool to use especially if you want to see what the spread is like for the currency pairs on your charts.
The download link for the MT4 spread indicator is towards the end of this post.
There’s a thing called a market watch on mt4 trading platform. Tree 2.0.3 free download for mac. It does give you the bid and the ask prices of all the currency pairs that on the mt4 trading platform and you can figure out roughly what the spread is for each currency pair based on that.
But here’s the problem:
- the bid and ask prices fluctuate a lot and are not steady
- the the next problem is that you have to calculate it and this takes time.
The best solution is to have a spread indicator actually on a chart which shows what the spread is right now while you are looking at the currency pair.
That’s where this amazing spread indicator for mt4 becomes very handy.
- Once you download, it must be saved inside the Indicators Folder
- 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.
- 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: Spread : 23 points. This simply means, the spread is 2.3 pips.
- Any time the bid and ask price change, you will see the spread indicator is also very quick to change in real time as well while you are watching.
- When a major forex news like, the non-farm is about to be released, try putting on the spread indicator and see what happens…you’ll be surprised to see how large the spreads will widen
Finally, here the download link to the best spread indicator for MT4 trading platform:Spread.
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