DislikedI don't know if you've tried this indicator, which I found here:
Attachment
. I did, on mb trading (nonfixed spread), and it works great for different patterns in the spread. Only catch is, as far as I know, you have to keep the platform open to gather the bars.
For the very little time I've used it, I haven't done the exact measuring, which'd be more like VSA stuff -- I'd only measure price or time exactly, and even then prefer to have a lot of bars / time to look at....Ignored
i did a search to try and find the original thread with this indi, and it looks to me like all it does is record the current or max spread per bar. all that is going to tell you is that when news releases the spread widens, and everyone already knows this so it's fairly pointless.
the fluctuations in the spread is unlikely to tell you anything. if it can then that is beyond my small brains capabilities to see. considering i didn't download the indi and haven't used it these are all purely assumptions based on guesses so i'm probably talking crap.
Congratulations ScalaFX for coming out of the closet!