Forex Spread High Low Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Spread High Low Indicator. As the name suggests, the idea behind it is the daily high / low range and the spread. In the code it works with moving averages. It shows an on-chart panel. It has 20 settings, for example Created By (default K Lam 2010), PRange (default 5) and Shift Y (default -20). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file 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 Spread High Low Indicator
Forex Spread High Low Indicator is an indicator for MetaTrader 4 based on Moving Average. It shows several symbols in one panel. It has 20 settings, such as Created by, P range and Shift y. MQL source code included.
Files in the download: 1_Spread_Hi_Lo.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Created by | K Lam 2010 | |
| P range | 5 | 5 is fine and safe |
| Shift y | -20 | Bar shift (0 = current bar) |
| Shift x | 0 | default = 8 |
| Window | 0 | |
| Colors price | Colors for Price | Colour on the chart |
| Price color up | DodgerBlue | Colour on the chart |
| Price color dn | Brown | Colour on the chart |
| Price color dn1 | Gold | Colour on the chart |
| Price color nt | Silver | Colour on the chart |
| Price color hi | Silver | Colour on the chart |
| Price color lo | Silver | Colour on the chart |
| Colors data | Colors for Data | Colour on the chart |
| Highest color | DodgerBlue | Colour on the chart |
| Lowest color | Brown | Colour on the chart |
| Warna d1 | Gainsboro | |
| Warna av | Gainsboro | |
| Symbol color | Gainsboro | Colour on the chart |
| Line color | DimGray | Colour on the chart |
| Show symbol | true |
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: Dashboards & Scanners · Moving Average · MT4 Indicator · MQL4 Source Code