'ask chart' for MT4

Would anyone know if MT4 can be programmed/changed in such a way, or, if there perhaps exists an indicator which is able to display and plot the price in showing the offer as well, rather then the usual way of only plotting the bid price?

Any suggestions?

Thank you.

EDIT: Please find solutions over here and here.

Get an MA, set period to 1, set price to "ask"

Ronald: I did see you suggesting this on an other thread about setting a MA to ie. high, low etc, however, if you refer to the standard MT4 MA it would not have the 'Apply to: ask ' and/or ' on close/ask ' option available, am I wrong in saying this or do I miss seeing something? (I am particularly after a MT4 {bid & ask - on close - line chart}).

Did you maybe mean to find a self made/programmed MT4 MA indicator with having such option (ask (S)MA, set to period 1, apply to close) available, perhaps?

It's not too bad unless I'm thinking of something completely different.

My understanding is that Ask is simply Bid + Spread. Therefore, you just need to get a 1 MA with the shift = spread. If you want historic ask, then you're probably out of luck. I don't think Ask is stored as an array.

Or the spread is the difference between the bid and ask, but that is not the point of course .

As you know there are now a couple of MT4 brokers available who offer a floating spread. I need to know what the historic ask was/is. I use MT4 for charting only, and have my ECN broker for trading, luckily enough my MT4 broker has almost the same price tick by tick as my ECN broker.

The question is, can such a MA be programmed to pick the ask rather then the standard bid price, dispite the fact of what you mentioned about price not being stored as an array?

this?

sorry Ronald, no

I have attached a chart to give an idea what the required chart WOULD look like.

Just for the purpose of illustration, I have plotted a MA (the dotted blue line) which is applied to a line-chart (a normal standard MT4 {bid} line-chart). This MA is set to period 1 - on close - with a FIX level added to this very MA thus set at 3. (because the spread on cable is usually about that).

This illustrated set up is what I would need 'for real' with the difference being of course that with a floating spread the distance between the bid line, and the would be then, applied-on close 1 MA on the ask , would vary, as of when the spread would be changing (similar to what you see when you open a standard MT4 market-order window and are able to see a small tick chart being displayed; however, I am NOT looking for a tick chart).

... tall order?

What difference would it make?

Changes in the spread usually don't last that long unless there is a huge news period.

Ronald: look, I wouldn't want to take your time to start having to explain as to why I am in need for my chart to display ask.

This is not about some sort of an edge I am after like arbitrage, market volume reading, news, or whatever etc. etc.

...I think MT4 is the best TA platform out there, it beats CQG, Bloomberg and others by miles (I am not talking about the most atrocious brokers feeding liquidity into it, that's another issue), the only problem is that is has some MAJOR important features missing, one of them would be the absence of an ask chart, that's all.

The question again is:

Can it be done?

(ps: I am willing to pay if that would be of a greater incentive to get the job done)

Anyone please?

Yes, this can be done. Please email or PM me.

Irtron: I'll be in touch with you soon via PM.

Thank you again.

My best,

...and thank you all for reading my thread!

see you out there people!

The MQL Expert indeed! Fantastic work!

...and 'bid through ask' information, and of course more...

Good trading!

For those traders who work with, and use CQG-(Comprehensive FX) charts, those types of charts can be made available in MT4 as well.