The Show Spread Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It allows traders to quickly and easily monitor the spread of their trades in real-time. This indicator is especially useful for scalpers who need to keep an eye on the spread to ensure they are getting the best possible price. The Show Spread Indicator works by displaying the current spread of the currency pair being traded in the main chart window. The spread is shown as a histogram, with the bid/ask spread represented by two different colors. The histogram will update in real-time with the current spread, allowing traders to easily see if the spread has widened or narrowed. This is especially useful for scalpers who need to be able to quickly adjust their positions in order to get the best price. Overall, the Show Spread Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It allows traders to quickly and easily monitor the spread of their trades in real-time, helping them to get the best possible price.
MT4
Show Spread
The Show Spread Indicator is a useful and popular free Forex indicator for MT4. It works by displaying the current spread for any currency pair in the form of a colored histogram. The spread is displayed in pips, and the colors of the histogram indicate whether the spread is above or below the average. This indicator is very useful for traders who want to stay informed about the current market conditions. It is also a great tool for monitoring the spread of different currency pairs.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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