Spread History Indicator
Platform: MT4 Type: Informational Last update: October 7, 2024The purpose of the Spread History indicator is to monitor spreads and catch unusual spikes. All you have to do to start is uploading it into your MT4 charts and this tool will immediately start tracking the broker’s spread. Please note that it won’t show past results – you will only see the results for the period since you started the software.
These are three main elements of the indicator:
- purple bars represent the maximum spread during that time period the bar (or candlestick) was forming;
- the green line show the average spread;
- spread spike – represented by a very tall bar (on the spread history indicator).
That tool will give the opportunity to see periods where spreads increased. Those happens usually during periods of low volatility. For example, just before high impact news in the forex markets. Additionally, you can also see in the past history where a spread spike has happened.
