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Spread Indicator
Spread indicator for MT4. Measure spreads in real-time. Accurate BUY/SELL Signals. Download for free.
The Spread indicator allows you to calculate the lowest, average, and maximum spread of any currency pair for whatever period you want to analyze.
When analyzing spread changes between different forex brokers, the indicator comes in handy.
In this guide, we will analyze the nuances and peculiarities of trading with the indicator.
What is a Spread indicator?
The indicator acts by measuring and presenting the magnitude of the spread in real-time. While the indicator is open, it also captures spread values. This suggests that when you look at a chart, you can view past samples of data regarding the spread at a glance.
As shown in the above chart, the upper left-hand side of the MT4 trading platform includes a text and number display with Spread = 1.6.
The indicator will vary in real-time as the bid and ask prices change.
When important forex news, like the NFP (nonfarm payroll), is about to be announced, consider putting on the spread indicator and seeing what develops. You’ll be shocked at how wide the spreads will become.
How to use the Spread indicator?
The more aware you must be of the size of the spread.
That’s where indicator comes into play.
Save time withd software.
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