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The Spread Indicator in MetaTrader 4 (MT4) indicator displays the difference between the Bid and Ask prices. The spread amount is shown in points (pipettes) and located in the chart's top left corner.
Indicator table
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Indicator Categories:
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Money Management MT4 Indicators
Trading Assist MT4 Indicators
Risk Management MT4 Indicators
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Platforms:
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MetaTrader 4 Indicators
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Trading Skills:
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Intermediate
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Indicator Types:
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Lagging MT4 Indicators
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Timeframe:
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Multi-Timeframe MT4 Indicators
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Trading Style:
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Day Trading MT4 Indicators
Intraday MT4 Indicators
Fast Scalper MT4 Indicators
Scalper MT4 Indicators
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Trading Instruments:
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Share Stocks MT4 Indicators
Stock Market MT4 Indicators
Cryptocurrency MT4 Indicators
Forex MT4 Indicators
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How the Spread Indicator Works
The 5-minute chart of the GBP/JPY currency pair clearly displays the difference between the Bid and Ask prices in the top left corner in MT4 Risk Management Indicator.
Indicator settings
- Font_Color: Select the font color of the indicator
- Font_Size: Select the font size of the indicator
- Font_Face: Select the font style of the indicator
- Display_Corner: Choose the location where the indicator will be placed
- Distance_x: Select the horizontal displacement of the indicator
- Distance_y: Select the vertical displacement of the indicator
- Above: Set the indicator to alert when the spread reaches a specified level
Summary
The Spread Indicator helps traders better manage their trading costs by considering the spread differences in trading symbols.
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FAQs
Is the Spread Indicator displayed on all symbols?
Yes, the Spread Indicator is displayed on all trading symbols.
Can the Spread Indicator be adjusted to any location and size on the screen?
Yes, the Spread Indicator is customizable so the trader can adjust it to any section of the MetaTrader 4 window in any shape or size.
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