The Show Spread Indicator for MT4 is a simple yet powerful tool that helps forex traders monitor the market spread and analyze trading conditions. Spread is the difference between a broker’s ask and bid prices, and understanding it is crucial for trading efficiently.
This indicator combines data from popular technical indicators such as RSI, MACD, Stochastics, CCI, and Moving Averages to provide a clear view of market conditions, including the daily high, low, and spread in pips.
The indicator displays market spread information along with a trend visualization:
Green bars: Indicate an uptrend
Red bars: Indicate a downtrend
Additional Info Displayed: Current spread, pips to open, high to low, and daily average
The Show Spread Indicator can be applied to any timeframe, but it is most effective on longer timeframes for better trend analysis.
While the indicator does not provide direct BUY or SELL signals, it delivers essential market insights that help traders make informed decisions. For instance:
Monitor the spread to determine optimal entry points
Combine with RSI or MACD for confirmation of trends
Use daily high and low levels to set stops and targets
By understanding these metrics, traders can manage trades more effectively and avoid unnecessary slippage during volatile market conditions.
The Show Spread Indicator for MT4 is a free, easy-to-use tool for tracking forex spreads, daily highs/lows, and trend direction. It provides essential market insights that can help traders make better entry, exit, and risk management decisions.
Published:
Nov 04, 2025 04:10 AM
Category:
