spread data logger tool
Info
The spread data logger tool is a Indicator for MetaTrader 4 that are you getting the spread you've been quoted by your broker. ever wanted to verify spread data stats from another source or create your own data.
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 spread data logger tool
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
are you getting the spread you've been quoted by your broker.
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: spread indicator for pair trading - another powerful indicator for MetaTrader 4 traders.
are you getting the spread you've been quoted by your broker?ever wanted to verify spread data stats from another source or create your own data?
Also recommended: full bar with spread shadow indicator - similar indicator with strong performance on MetaTrader 4.
spread data logger consists of two indicators:
- spread logger write: creates a csv file containing spread data as a function of time in real-time.
- spread logger read: reads the csv file created, displays some stats, and draws collected data to the chart, also drawing live spread data to the chart.
directions:
- save both files in the terminal\experts\indicators folder
for spread logger write:
- attach spread logger write to any chart.
- name your file under the inputs tab or leave the default filename.
- leave the mt4 terminal running and chart open for the time desired, spread logger will collect data in real-time.
note: for the most accurate data, attach spread logger write to a 1-minute chart.
note: all files created by spread logger write are saved to the terminal\experts\files folder.
for spread logger read:
- open a chart of the currency pair for which you have logged data and attach spread logger read to the chart.
- if you used a custom file name, make sure you type the file name correctly.
note: while you may attach spread logger read to a chart of any timeframe, using a chart of the same timeframe for which you collected data will yield the best results visually.
spread logger read will display some stats:
- time tested and number of bars tested
- mean spread
- mode and frequency of the mode as a percentage
if the time interval for which data was collected is within the range of the portion of the chart currently being displayed, you will see the spread data you collected drawn to the chart. the live spread will also be displayed as of the time spread logger read was attached to the chart.
You may also like: Volume Spread Analysis by Tom Williams - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property indicator_separate_window
#property indicator_buffers 1
#property indicator_color1 red
extern string csv_filename="my_spread_data";
double mapbuffer[];
int timearray[];
double spreadarray[];
bool have_error;
static datetime data_start;.......
⚠ 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.