Spread-indicator-MT4

• Spread indicator is a tool to display the spread of the current symbol.
• Useful to monitor, if broker changing spread, during the economic news announcements.
• Real-time spread monitoring.
• Coding for MetaTrader 4 platform and all brokers.
• See working example at Spread indicator

Inputs Parameter

• Text Size : 9
• Text Color : MintCream
• Panel Color : SteelBlue
• Panel Width : 155
• Panel Height : 35
• Position X : 20
• Position Y : 60

Formula

• Current spread = [Ask Price - Bid Price]

MQL4 Code

#property copyright    "ForexNew.org Opensource"
#property link         "https://forexnew.org/"
#property version      "1.0"
#property description  "- Spread Indicator"
#property description  "- Indicator for Metatrader 4"
#property strict
#property indicator_chart_window

extern int Text_Size=9;  // Text Size
extern color Text_Color=MintCream;  // Text Color
extern color Panel_Color=SteelBlue;  // Panel Color
string Font_Setting="Arial Black";
extern int Panel_Width=150;  // Panel Width
extern int Panel_Height=35;  // Panel Height
extern int Position_X=20; // Position X
extern int Position_Y=60; // Position Y
int positionsetx=Position_X+12;
int positionsety=Position_Y+10;

int init()
{
   Check_Spread();
   return(INIT_SUCCEEDED);
}

int start()
{
   Check_Spread();
   return(INIT_SUCCEEDED);
}

void Check_Spread()
{
   int spread = MarketInfo( _Symbol, MODE_SPREAD );
   
// Create panel and text Label on the screen //
   ObjectCreate("Spread_Panel",OBJ_RECTANGLE_LABEL,0,0,0,0,0,0);
   ObjectSet("Spread_Panel",OBJPROP_BGCOLOR,Panel_Color);
   ObjectSet("Spread_Panel",OBJPROP_CORNER,0);
   ObjectSet("Spread_Panel",OBJPROP_BACK,true);
   ObjectSet("Spread_Panel",OBJPROP_XDISTANCE,Position_X);
   ObjectSet("Spread_Panel",OBJPROP_YDISTANCE,Position_Y);
   ObjectSet("Spread_Panel",OBJPROP_XSIZE,Panel_Width);
   ObjectSet("Spread_Panel",OBJPROP_YSIZE,Panel_Height);
   ObjectSet("Spread_Panel", OBJPROP_SELECTABLE, false);
   ObjectSet("Spread_Panel", OBJPROP_HIDDEN, true);
   
   ObjectCreate("Spread_Label", OBJ_LABEL, 0, 0, 0);
   ObjectSet("Spread_Label", OBJPROP_CORNER, 0);
   ObjectSet("Spread_Label", OBJPROP_XDISTANCE, positionsetx);
   ObjectSet("Spread_Label", OBJPROP_YDISTANCE, positionsety);
   ObjectSetText("Spread_Label", "Spread = "+spread+" Points", Text_Size, Font_Setting, Text_Color);
   ObjectSet("Spread_Label", OBJPROP_SELECTABLE, false);
   ObjectSet("Spread_Label", OBJPROP_HIDDEN, true);
   
   ObjectCreate("Custom_Label", OBJ_LABEL, 0, 0, 0);
   ObjectSetText("Custom_Label","Copyright: ForexNew.org - Free Opensource",9, "Arial", DeepSkyBlue);
   ObjectSet("Custom_Label", OBJPROP_CORNER, 2);
   ObjectSet("Custom_Label", OBJPROP_XDISTANCE, 10);
   ObjectSet("Custom_Label", OBJPROP_YDISTANCE, 10);
   ObjectSet("Custom_Label", OBJPROP_SELECTABLE, false);
   ObjectSet("Custom_Label", OBJPROP_HIDDEN, true);
   WindowRedraw();
}

// Delete panel and text label when removing the indicator //
void OnDeinit(const int reason)
{
   ObjectsDeleteAll(0,"Spread_Panel");
   ObjectsDeleteAll(0,"Spread_Label");
   ObjectsDeleteAll(0,"Custom_Label");
}

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