The Show Spread Indicator is a straightforward MT4 indicator that provides information about the spread in the market. The indicator employs prominent indicators such as RSI, MACD, stochastics, CCI, and moving average to show what the spread of a currency pair is. The spread is defined as the gap between the broker’s asking price and bid price. This is how brokers earn profit.
The indicator combines all the information from these indicators and plots the overall spread. The indicator shows data from a one-minute time frame to a day. The green bars indicate an upward trend, while the red bars suggest the opposite of a downtrend. Alongside this information, it also displays the current spread in the market as well as the pips that are open, high-low, and the daily average.
While you are able to use this Show Spread Indicator on every timeframe, implementing it on longer timeframes is the best option.
Show spread indicator signals for buy/sell
The chart below shows the indicator at the top of the chart. The indicator isn’t able to identify buy or sell signals, but instead it provides important information on the spread in the market as well as the highs and lows for the current day. With this information, traders will be able to figure out the best way to open and manage their trades. Use the Show Spread Indicator as well as the RSI and MACD to determine the entry and exit points.
Conclusion
The Show Spread Indicator gives important information, such as spreads in the market as well as the daily lows and highs. Thus, traders can look at the information and then trade their positions according to it. Additionally, download the indicator for free from our website.
English 
Portuguese 
German 
Spanish 
French 
Japanese 
Italian