- United States
- https://linktr.ee/17ABE76
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Feel free to visit my MQL profile for free meta Trader 4 apps that can't be found any where else!
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Joined on
2017-02-16
In numerical value rather than linear value, finding the average "cost" of opening a trade may be beyond the scope of this project. What will a trader pay in spread fees when he opens a trade if the spread is constantly changing on 'em? How can I know the average true sight based on the highest spreads and lowest spreads made? This indicator is original and highly essential for anyone looking for a settling sight of the trade position price tag!
Description: “Create a MetaTrader 4 indicator that displays the Average True Spread as an on-chart numerical label. The average spread should be calculated over a user-defined number of candles and a selectable timeframe (e.g., H1, M15). Spread per candle should be estimated using M1 historical candles by simulating tick spread via High minus Low difference. The indicator must include a setting for live spread display, and all values must update on a fixed timer (e.g., every 5 seconds), not via OnTick. Display both average and current spread as clearly labeled OBJ_LABEL text on the main chart window (not subwindow), using customizable font, color, and size. Ensure compatibility with MT4 latest updates, eliminate any errors/warnings on compile, and manage object creation/deletion correctly.”
I pray someone's input to this public project. Do help out because I'm unable to have it made myself alone. It'll be uploaded as a free indicator for mt4 and no one will pay for it due to public efforts in this project. Originality and honor are gained here.
Updated 2025-08-25 11:17:12 +00:00