The Custom Spread Indicator for MT5 is a popular and useful tool for forex traders. It provides real-time information on the spread of currency pairs, allowing traders to make informed decisions about their trades. This indicator is free to download and easy to use, making it a must-have for any forex trader using the MT5 platform. The Custom Spread Indicator works by displaying the current spread of the selected currency pair on the chart. Traders can customize the indicator to show different colors or styles for the spread display, making it easy to track changes in the spread over time. By using this indicator, traders can quickly see when the spread is widening or narrowing, helping them to make more profitable trades. Overall, the Custom Spread Indicator is a valuable tool for any forex trader looking to improve their trading strategy.
MT5
Custom Spread
Custom Spread Indicator for MT5 is a useful forex tool that displays the current spread on your trading platform. This popular indicator is free to use and provides valuable information for traders looking to optimize their strategies. Simply install the indicator on your MT5 platform and it will automatically show the spread for any currency pair you are trading.
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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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