The Bid/Ask Panel Forex indicator available on Metatrader 5 presents the current bid and ask prices in a convenient panel format.
The spread panel is located in the upper left corner of the price chart.
You have the flexibility to customize parameters and settings, specifically the colors.
This indicator is compatible with all trading instruments provided by the Metatrader 5 charting platform.
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Chart Example
The picture below shows how the Bid/Ask Panel indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Bid/Ask Panel Indicator?
The indicator itself does not offer trading signals.
It is advisable to combine it with other technical indicators or integrate it into your preferred trading system.
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Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the mypanel.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration