Spreads Indicator

Shows the current spread in % of the multiple timeframes average ranges. Must have to quickly know the costs of trading in a given timeframe.

The average true range of the last 100 bars is computed, and the spread (Bid - Ask) of the weekly, daily, H4, H1, M30 and M15 timeframes are shown as a % of the average range. You can use the simple rule not to trade in a timeframe that has a spread of 25%+ of the average range to keep the costs down. 

about us

Analytical Trader team is composed by a VSA trader who trades in forex, stocks and commodities since 2008 with success. He's also a graduate in Physics currently taking a Msc. in Financial Mathematics; ample experience coding in C++, Matlab and MQL4

... And a computers engineer with experience in multiple coding languages, including MQL4.