Forex Overlay Spread Charts Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Overlay Spread Charts Indicator. Its name points to the spread. It draws arrows on the chart and can send alerts. It has 11 settings, for example Symbol Spread, Spread Factor (default 1.0) and Color Spread (default Aqua). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 2 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Overlay Spread Charts Indicator
Forex Overlay Spread Charts Indicator is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 11 settings, such as Symbol spread, Spread factor and Color spread. MQL source code included.
Files in the download: installation manual.txt, SpreadChart.mq4, SpreadChartSub.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Symbol spread | Symbol B name to be overlayed | |
| Spread factor | 1.0 | Spread = Symbol A price - spreadfactor x Symbol B price |
| Color spread | Aqua | Maximum spread allowed to trade |
| Indicator width thick | 2 | |
| Indicator width thin | 1 | |
| Price label | true | |
| Color up | Blue | Colour on the chart |
| Color down | Tomato | Colour on the chart |
| Alert popup | false | Turn this alert on or off |
| Sound | false | Turn this alert on or off |
| Email alert | false | Turn this alert on or off |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code