Indicator Wide/Narrow Spread bar displays the largest and the smallest bar over the selected period as colored candles.
It has three adjustable parameters:
- Range – search range
- Show wide spread bar – show the largest bar (Yes/No)
- Show narrow spread bar – show the smallest bar (Yes/No)
- If Max = HL,
WS = Max/Point and the candle color is blue
- If Min = HL,
NS = Min/Point and the candle color is red
HL = High – Low
Max, Min – the maximum and minimum HL within the Range
MT5 Indicators – Download Instructions
Wide Narrow Spread MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
Wide Narrow Spread MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
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How to install Wide Narrow Spread MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download Wide Narrow Spread MT5 Indicator.mq5
- Copy Wide Narrow Spread MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on Wide Narrow Spread MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Wide Narrow Spread MT5 Indicator.mq4 is available on your Chart
How to remove Wide Narrow Spread MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Wide Narrow Spread MT5 Indicator (Free Download)
Click here below to download: