Spread Indicator for MT4 and MT5

A spread is the difference between the bid and ask prices of a currency pair in forex trading. Bid price is the price at which a trader may sell a currency, whereas ask price is the price at which a trader may purchase a currency. As a trader must buy at the higher ask price and sell at the lower bid price to make a profit, the spread is simply the cost of making a trade. Spreads can fluctuate in amount based on the liquidity and volatility of the currency pair. Typically, the spread will be lower when a currency pair is more liquid like EUR/USD or GBP/USD.

This indicator helps you easily see the spread in Metatrader 4 and 5

How to use spread indicator

• Use the spread indicator to quickly determine if the currency has a high spread at the time of entering a trade.
• Check the spread in order to keep an eye on how profitable your trade is. If the spread is significant, it will likely be more challenging to generate a profit from the trade.
• Keep an eye on the spread. If the spread keeps changing quickly and in vast amounts, it could mean that the market is becoming unstable. This usually happens during or before the news.