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Spread indicator

  • #1
  • First Post: Sep 11, 2008 7:24am Sep 11, 2008 7:24am
Dear traders,

yesterday I was asked by a friend to code a very simple indicator just showing you the current spread in the upper left corner of the chart. So I did.

I am aware of the fact that there are indicators showing you all the MarketInfo including the spread but since this is way too much stuff on the chart it's not appropriate for our purpose.
Since you guys might be interested in this indicator, too I am posting it right here.

As usual, comments are welcome.
Attached File(s)
File Type: mq4 Igel-Spread.mq4   1 KB | 16,907 downloads
  • #2
  • May 15, 2009 7:36am May 15, 2009 7:36am
Thanks Tradeigel,
ive been looking for a simlpe spread indi like this for years
  • #3
  • May 15, 2009 8:00am May 15, 2009 8:00am
great, I am happy you like it
  • #4
  • May 19, 2009 3:58am May 19, 2009 3:58am
thanks tradeigel i'm going to try your indicator to, id find it very useful
  • #5
  • May 19, 2009 5:04pm May 19, 2009 5:04pm
The simplest solution is usually the best solution.
  • #6
  • May 20, 2009 6:40pm May 20, 2009 6:40pm
ha, i also made this type of indicator a couple weeks ago!
takes like a minute lol
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
  • #7
  • May 20, 2009 6:50pm May 20, 2009 6:50pm
I wrote this a while ago. You can turn the timeframe percentages on or off. The top line lists the ATR for the time frame you are on and the day's Range and the current Spread.

the Bid Ratio part lists the percent strength of each time frame
For example 50% would be a bid price right in the middle of the bar. 25% would be a bid price at 1/4 of the bar length and so on for each time frame. Blue means Up Bar, Yellow means Neutral Bar and Red means Down Bar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp bidratio.gif Size: 29 KB
Click to Enlarge Name: gbp bidratio2.gif Size: 26 KB
Attached File(s)
File Type: ex4 BidRatio.ex4   11 KB | 3,187 downloads
  • #8
  • May 20, 2009 10:13pm May 20, 2009 10:13pm
Hi Tradeigel, SmJones:

Many thanks for the contribution. Simple tools but most useful indeed.

Regards,

GF
  • #9
  • May 21, 2009 8:35am May 21, 2009 8:35am
Hi,

is it possible to change the indicators for brokers/currencies with 5 digits.

regards

Chris
The trend is your friend, unless itīs about to end Thomas DeMark
  • #10
  • May 21, 2009 8:38am May 21, 2009 8:38am
Quoting pipmaker
Hi,

is it possible to change the indicators for brokers/currencies with 5 digits.

regards

Chris
5 digits or any different digits makes no difference on mine as far as I can Tell, because I normalize the totals by deviding by Point.

If this is not correct, please post a screen shot of the error and I will adjust.
  • #11
  • May 21, 2009 8:44am May 21, 2009 8:44am
Hi smjones

I mean this >>>

http://www.arrangeur.com/fx/digit.jpg

Range should be 300 and the Spread 2.4

regards

Chris
The trend is your friend, unless itīs about to end Thomas DeMark
  • #12
  • May 21, 2009 8:46am May 21, 2009 8:46am
Quoting pipmaker
Hi smjones

I mean this >>>

http://www.arrangeur.com/fx/digit.jpg

Range should be 300 and the Spread 2.4

regards

Chris
Ah, Ok give me a minute and I will accommodate both.
  • #13
  • May 21, 2009 8:47am May 21, 2009 8:47am
Quoting pipmaker
Hi smjones

I mean this >>>

http://www.arrangeur.com/fx/digit.jpg

Range should be 300 and the Spread 2.4

regards

Chris
Could you give me a scrren shot of the Bidratio = true also? thanks
  • #14
  • May 21, 2009 8:58am May 21, 2009 8:58am
With Bidratio

http://www.arrangeur.com/fx/digit02.jpg

MT is from FxPro.
The trend is your friend, unless itīs about to end Thomas DeMark
  • #15
  • May 21, 2009 9:00am May 21, 2009 9:00am
This will work for any digit size broker
Attached File(s)
File Type: ex4 BidRatio 1.1.ex4   11 KB | 3,196 downloads
  • #16
  • May 21, 2009 9:02am May 21, 2009 9:02am
Quoting smjones
This will work for any digit size broker
Thanks.
The trend is your friend, unless itīs about to end Thomas DeMark
  • #17
  • May 23, 2009 10:14pm May 23, 2009 10:14pm
Hi smjones

An excellent indy. Couldn't find it for so long.

Because my charting is in white background, I can't see the display (which is in white), is there a way to change the display color to say black or blue?

TQ.
fxpips
  • #18
  • May 23, 2009 10:21pm May 23, 2009 10:21pm
Hi smjones

Can you lead me to find an indy displaying the number of pips "from MA plus spread" ?

I think one can set the MA e.g. 5 or 8. like the image attached.

TQ.
fxpip8
Attached Image
  • #19
  • May 23, 2009 10:39pm May 23, 2009 10:39pm
Quoting fxpip8
Hi smjones

An excellent indy. Couldn't find it for so long.

Because my charting is in white background, I can't see the display (which is in white), is there a way to change the display color to say black or blue?

TQ.
fxpips
OK now you can change it to any color you want.
Attached File(s)
File Type: ex4 BidRatio 1.2.ex4   11 KB | 3,176 downloads
  • #20
  • May 24, 2009 1:26am May 24, 2009 1:26am
Hi smjones

That's very fast. TQ

fxpip8
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