The Forex Spread Meter indicator for Metatrader 5 is an advanced currency pair spread meter that works out of the box.
The indicator calculates and shows the following interesting spread data:
- Current Spread
- Maximum spread
- Minimum spread
- Average spread
You can modify the following parameters and settings: color spread, color max. spread, color average spread, color min. spread.
First, familiarize yourself with this technical indicator and test it on a demo account.
It supports all time frames and Forex pairs.
Free Download
Forex_Spread_Meter.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Forex Spread Meter indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Forex Spread Meter Indicator?
The indicator does not provide any trading signals.
Please combine with other technical indicators or with an existing trading system of your preference.
