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MT4 Spread Indicator

  • #1
  • First Post: Edited Oct 11, 2012 5:28am Sep 28, 2012 1:18am | Edited Oct 11, 2012 5:28am
I've written a spread indicator and i'd like to share it with you.

You can easily compare the spread of different symbols/pairs by looking at the (relative spread).

Options/Input

 

  1. FontName
  2. FontColor
  3. FontSize
  4. LabelPosX (Label X-Position)
  5. LabelPosX (Label Y-Position)
  6. RelShow (true=showing relative spread)
  7. RelDigits (Number of digits after the decimal point of the relative spread)
  8. RelText (Text shown behind the relative spread number)

Feel free to share and/or modify, there's no copyright.

Note: You can move the indicator freely, once added to the chart (double click on the text label).

Update: Added some options. Also the Points value for 5 digits brokers should be correct now.

Attached Image
Attached File(s)
File Type: mq4 Spread.mq4   2 KB | 19,241 downloads | Uploaded Oct 10, 2012 10:21pm
  • #2
  • Sep 28, 2012 4:27am Sep 28, 2012 4:27am
Thank you for sharing this indicator, Totoro.
  • #3
  • Oct 1, 2012 1:38pm Oct 1, 2012 1:38pm
Does someone have an idea what to improve or add?

You also can post your own modified version in this thread, if you want.
  • #4
  • Oct 6, 2012 2:34am Oct 6, 2012 2:34am
Hi, thanks for indi!

My suggestions:
1. Option for 4/5 digits broker
2. Option to turn off "Per mille" text, thats for quick and clear view of just the spread

Thanks again

Quoting Totoro
Does someone have an idea what to improve or add?

You also can post your own modified version in this thread, if you want.
  • #5
  • Edited 9:07pm Oct 8, 2012 8:47pm | Edited 9:07pm
Hello ithorror!

1. Can you give an example of what this option would change or do?

2. Attached to this posting. I've added some options to customize it.
Attached File(s)
File Type: mq4 Spread.mq4   2 KB | 4,018 downloads
  • #6
  • Oct 9, 2012 11:18am Oct 9, 2012 11:18am
Wow! That was quick Totoro, thanks!

By 4-5 digits broker I mean that when a broker offer 5 digits rates (like mine) he quotes i.e. EURUSD at 1.28816, when a 4 digits broker will give you a rate 1.2881. Without last 5-th digit "6". And in that case the spread shown like 25 or 51, while it must be just 2 or 5.
Hope that helps. Again thanks for simple indi
  • #7
  • Edited 6:19pm Oct 9, 2012 5:35pm | Edited 6:19pm
Quoting ithorror
By 4-5 digits broker I mean that when a broker offer 5 digits rates (like mine)
Some brokers quote an extra digit (1/10 of a point).
I'll implement a check, if there is a 5th digit, so it should be unnecessary to add another option.

Edit: Updating the intro posting
  • #8
  • Oct 10, 2012 3:35pm Oct 10, 2012 3:35pm
Expert Advisor writes spread for every tick to file.

Format;

2009.07.27 04:06:40; 2 pips
2009.07.27 04:10:00; 2 pips
.....

You can set file name:
extern string FileName = "EURUSD.csv";

File will be created in folder MetaTrader4ExpertsFiles
Attached File(s)
File Type: ex4 e-SaveSpread.ex4   2 KB | 2,388 downloads
  • #9
  • Oct 10, 2012 9:28pm Oct 10, 2012 9:28pm
Totoro, that's brilliant! But JPY pairs still show 2 digits instead of one. Can you check it please?
  • #10
  • Oct 10, 2012 10:12pm Oct 10, 2012 10:12pm
Quoting ithorror
But JPY pairs still show 2 digits instead of one. Can you check it please?
I've opened a demo at a 5 digits broker, they're adding an extra digit to all pairs (didn't know that).
I've changed a conditional statement, does it work for all pairs now? (-> attached file)
Attached File(s)
File Type: mq4 Spread.mq4   2 KB | 4,655 downloads
  • #11
  • Oct 10, 2012 10:23pm Oct 10, 2012 10:23pm
Quoting erforex
Expert Advisor writes spread for every tick to file.
2009.07.27 04:06:40; 2 pips
2009.07.27 04:10:00; 2 pips
Nice one, thanks for sharing.
  • #12
  • Oct 15, 2012 3:15am Oct 15, 2012 3:15am
Totoro, now the indicator somehow doesn't show the spread as one digit, ie EURUSD 29 instead of just 2 or 3. For JPY pairs the same. Please can you check it? I downloaded it from your last post.
  • #13
  • Oct 15, 2012 4:37am Oct 15, 2012 4:37am
Quoting ithorror
Totoro, now the indicator somehow doesn't show the spread as one digit, ie EURUSD 29 instead of just 2 or 3. For JPY pairs the same. Please can you check it? I downloaded it from your last post.
It's working 100% correct with my 5 digits broker. Have you copied and compiled the new version to your mt4 directory?
  • #14
  • Apr 16, 2013 4:07am Apr 16, 2013 4:07am
Hey would you guys know of any spread indicators or alert in which I could alter so if it passes a set spread it will alert me?
  • #15
  • Oct 30, 2013 12:15am Oct 30, 2013 12:15am
Totoro
Found this via Forum search. It's a great help for my old eyes!!! Thanks very much for posting.
  • #16
  • Jun 13, 2014 8:44am Jun 13, 2014 8:44am
Hi Guys. Does this indicator work with MT4 Build 600+ ?
  • #17
  • Jun 29, 2014 7:02pm Jun 29, 2014 7:02pm
Quoting Totoro
{quote} I've opened a demo at a 5 digits broker, they're adding an extra digit to all pairs (didn't know that). I've changed a conditional statement, does it work for all pairs now? (-> attached file) {file}
I have doenloed ...Thanks.....loking good indikator.....and works for 5 digits broker
The Average Discount Everything
  • #18
  • Last Post: Edited 5:58am Dec 13, 2016 2:54am | Edited 5:58am
unfortunatly doesn't work anymore
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m30-jfd-brokers-ltd.png Size: 33 KB
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