Spread Meter - Real-Time Spread Tracker with Historical Max/Min Records
Info
The Spread Meter - Real-Time Spread Tracker with Historical Max/Min Records is a Indicator for MetaTrader 5 that spread meter displays the live spread of your current chart symbol in real time, while permanently recording the widest and tightest spread ever seen, along with exact timestamps. Key Features:- Clean panel showing live spread for the symbol on your chart; no setup required, simply attach and use.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Spread Meter - Real-Time Spread Tracker with Historical Max/Min Records
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
Spread Meter displays the live spread of your current chart symbol in real time, while permanently recording the widest and tightest spread ever seen, along with exact timestamps.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Spread Monitor Panel: Live Spread and Spike Alerts - another powerful indicator for MetaTrader 5 traders.
Spread Meter displays the live spread of your current chart symbol in real time, while permanently recording the widest and tightest spread ever seen, along with exact timestamps.Also recommended: Spread Calculator for Metatrader - similar indicator with strong performance on MetaTrader 5.
Key Features:
- Clean panel showing live spread for the symbol on your chart; no setup required, simply attach and use.
- Records both the maximum (widest) and minimum (tightest) spread independently, including the precise date and time each record was achieved.
- Values update only when a new record is broken, ensuring a permanent history of your symbol's extreme spread conditions.
- Instant visual flash highlights the moment a new maximum or minimum spread is recorded.
- Fully customizable colors, panel position, and refresh rate.
- Lightweight with negligible CPU impact, suitable for use on all charts.
- Sharp, modern dark-panel design compatible with any chart theme.
Ideal for identifying spread spikes during news releases, low-liquidity sessions, or for understanding broker pricing reliability on the symbol you are monitoring. Gain insights at a glance without manual tracking.
You may also like: Swap Meter - Live Swap Rates Monitor with Alerts - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#property indicator_chart_window
#property indicator_plots 0
input group "PANEL"
input int PanelX = 15;
input int PanelY = 25;
input int RefreshSeconds = 1;.......
⚠ 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.