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- Spread Display Indicator for Meta Trader 5 Download - Free [Trading Finder]
Spread Display Indicator for Meta Trader 5 Download - Free [Trading Finder]
![Spread Display Indicator for Meta Trader 5 Download - Free [Trading Finder]](https://cdn.tradingfinder.com/image/107634/11-4-en-spread-mt5.webp)
![Spread Display Indicator for Meta Trader 5 Download - Free [Trading Finder] 1](https://cdn.tradingfinder.com/image/29988/11-04-en-spread-mt5-02.avif)
![Spread Display Indicator for Meta Trader 5 Download - Free [Trading Finder] 2](https://cdn.tradingfinder.com/image/29994/11-04-en-spread-mt5-03.avif)
The Spread Indicator, which displays the difference between the Bid and Ask prices on the MetaTrader 5 (MT5) platform, is located in the top left corner of the chart and shows the spread value to the trader in pipettes (points).
Indicator table
Indicator Categories | Money Management - Risk Management - Trading Assist |
Platforms | MetaTrader 5 |
Trading Skills | Beginner |
Indicator Types | Lagging |
TimeFrame | Multi Timeframe |
Trading Style | Scalper - Intraday - Day Trading |
Trading Instruments | Forex - Crypto - Stock |
How the Spread Indicator Works
In the 1-hour chart of the (US30) index, the difference between the Bid and Ask prices, shown as 14 pipettes (points), is displayed in the top left corner of the chart.
Indicator settings
- Font_Color: Font color settings for the indicator
- Font_Size: Font size settings for the indicator
- Font_Face: Font style settings for the indicator
- Display_Corner: Settings for the location where the indicator is placed
- Distance_x: Horizontal adjustment settings for the indicator
- Distance_y: Vertical adjustment settings for the indicator
- Alert if spread is above certain value: Settings for when the spread reaches a specified level, the indicator will issue an alert.
Summary
The Spread Indicator helps traders by displaying the difference between the Bid and Ask prices, allowing them to better manage their trading costs based on spread differences across brokers.
On which symbols does the Spread Indicator display?
This indicator calculates and displays the trading spread for all trading symbols.
Is the Spread Indicator only available for the MetaTrader 5 platform?
No. This indicator is available for both MetaTrader 5 (MT5) and MetaTrader 4 (MT4) platforms. Traders can download the MetaTrader 4 version by visiting the top of the page.