Spread Indicator for MetaTrader 4 (MT4) – Free from [TFlab]

The Spread Indicator MT4 is a lightweight yet powerful tool that displays the difference between the Bid and Ask prices directly on your trading chart. The spread is shown in points (pipettes) and conveniently placed in the top-left corner for quick reference while trading.



You can download it from this link:

https://cdn.tradingfinder.com/file/2...tflab-v1-2.zip


For instructions on how to install:

https://www.forexfactory.com/thread/...-in-metatrader





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Indicator Overview

1. Categories: Money Management, Trading Assist, Risk Management
2. Platform: MetaTrader 4 (MT4)
3. Skill Level: Intermediate
4. Type: Lagging Indicator
5. Timeframes: Multi-timeframe compatible
6. Trading Styles: Day Trading, Intraday, Scalping (regular and high-frequency)
7. Markets: Forex, Stocks, Shares, Cryptocurrencies

How It Works

The indicator calculates and displays the spread—the gap between the Bid and Ask prices—on any chart.

Examples:

1. On a 5-minute GBP/JPY chart, the spread is displayed clearly in the corner of the screen.
2. On a 5-minute AUD/USD chart, traders can monitor spread changes in real time, improving both cost awareness and risk management.

Customization & Settings

The Spread Indicator can be tailored to your preferences with the following options:

1. Font_Color – Set the text color
2. Font_Size – Adjust the font size
3. Font_Face – Choose the font style
4. Display_Corner – Select the corner where the indicator appears
5. Distance_x / Distance_y – Fine-tune horizontal and vertical placement
6. Above – Enable alerts when spreads reach a defined level

Conclusion

The Spread Indicator for MT4 is an essential risk management tool that helps traders keep track of trading costs in real time. Whether you’re trading Forex, stocks, or cryptocurrencies, it ensures you’re always aware of spread fluctuations—making it a valuable asset for smarter money management and cost-efficient trading.