Spread Display and Alert

Category: volatility

Real-time bid-ask spread monitor that displays the current cost of transaction in points or fractional pips on the chart, with alerting capabilities for high volatility periods.

Formula

Spread = (Ask - Bid) / Point

Inputs

• UseCustomPipSize (default: false)
• DecimalPlaces (default: 0)
• AlertIfSpreadAbove (default: 0)
• AlertNative (default: true)
• AlertSound (default: false)
• AlertEmail (default: false)
• AlertNotification (default: false)
• DrawLabel (default: false)
• font_color (default: clrRed)
• font_size (default: 14)
• font_face (default: Arial)
• corner (default: CORNER_LEFT_UPPER)
• spread_distance_x (default: 10)
• spread_distance_y (default: 130)
• DrawTextAsBackground (default: false)
• label_font_color (default: clrRed)
• label_font_size (default: 13)
• label_font_face (default: Courier)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.