Spread indicator, which allows you to estimate how large the spread is at the moment
One of the most important indicators in Forex trading is the spread, which you have to pay when opening a new transaction.
If you trade scalping and open a lot of trades, then you know how much you have to pay to open trades and how important it is to control the size of the spread.
Depending on the market situation, this commission can increase tens of times and it can be a shame when, having become carried away by the trading process, you discover that you paid more than usual.
You can control the size in the market window, but this is quite inconvenient; it is more practical to use the Spread indicator.
We've featured similar tools on our website many times, but new and interesting scripts appear every day.
The advantage of the Spread indicator presented today is that it evaluates the current size, allowing you to assess how wide or narrow the spread is now in relation to the minimum and maximum values:
This means that after installing MetaTrader 4 on the trading platform, not only the current spread size but also its maximum and minimum values will be displayed on the screen. This allows you to decide whether to open a trade now or wait for a more favorable moment.
For the convenience of the user, the data displayed on the screen changes color: red – high spread, green – low spread.
Spread indicator setting
The tool works great without any additional settings, but if you want to change something:
Almost all settings concern the color scheme in which the results of the indicator's work are displayed and the background of the panel itself.
The tool is completely free and, when used correctly, can save you up to 70% on trade opening fees.
www.alpari.com) had the tightest spreads . The company also offers cashback.
