bspread
Info
The bspread is a Indicator for MetaTrader 4 that this indicator helps you display spread on a chart. you can set font, color and font size for it, also you can select position on chart according to following values in indicator properties:1 — top-right, 2 — bottom-left, 3 — bottom-right, 4 — top-left.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use bspread
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
this indicator helps you display spread on a chart.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: ac d pv - another powerful indicator for MetaTrader 4 traders.
this indicator helps you display spread on a chart. you can set font, color and font size for it, also you can select position on chart according to following values in indicator properties:
Also recommended: Fibonacci Retracement Levels Indicator MT4 - similar indicator with strong performance on MetaTrader 4.
1 — top-right,
2 — bottom-left,
3 — bottom-right,
4 — top-left.
settings:
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.0"
#property strict
#property indicator_chart_window
extern string parta="# location settings ";
extern int location=4; // indicator location on chart
extern string location_tips=" 1 : top-right, 2 : botton-left, 3 : botton-right, 4 : top-left"; //location description
extern string partb="# font settings ";
extern string font="tahoma"; // indicator font.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.