Forex Spread Lines Indicator
From the Old Kings archive: Forex Spread Lines Indicator, an indicator for MetaTrader 4. As the name suggests, the idea behind it is the spread. It has 10 settings, for example Ask Line (default MediumSeaGreen), Bid Line (default Red) and Line Width (default 1). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Lines Indicator
Forex Spread Lines Indicator is an indicator for MetaTrader 4. It has 10 settings, such as Ask line, Bid line and Line width. MQL source code included.
Files in the download: installation manual.txt, Spread_Lines.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ask line | MediumSeaGreen | Ask Line Color |
| Bid line | Red | Bid Line Color |
| Line width | 1 | Line Width : 1, 2, 3, 4, 5, 6, 7, ..... |
| A | * * * * * | Line Style effective only if Line Width = 1 |
| Line style | 1 | Line Style |
| B | * * * * * | N.O.T.E. -> For true chart spread only, SA must = 0 |
| C | * * * * * | Other broker spread - chart spread = SA +/- value |
| SA | 0 | SA - Spread Adjuster |
| CF | true | Chart on Forground |
| SAL | true | Show Ask Line |
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: MT4 Indicator · MQL4 Source Code