!_Spread_Hi_Lo.mq4 Indicator For MT4

!_Spread_Hi_Lo.mq4 Indicator For MT4

The !_Spread_Hi_Lo.mq4 Indicator For MT4 draws the critical pivot points in the price chart based on the high and low of the market. It also shows the dynamic spread and average daily movement of the price for that particular asset. This tool is mostly used by the intraday trader since the critical data allows them to scale the running trades. Most importantly, you can cut down the trading cost by ignoring the trade setups when the spreads are insanely high.

FREE !_Spread_Hi_Lo.mq4 Indicator

Download the FREE !_Spread_Hi_Lo.mq4 Indicator for MT4.

To receive my email 100% sure: 
Put my email on your whitelist!

 

Partially Automated Trading Besides Your Day Job

Alerts In Real-Time When Divergences Occur

My Recommended MT4/MT5 Broker

 

Installing the !_Spread_Hi_Lo.mq4 Indicator For MT4

After you downloaded the indicator via the form above you need to unzip the zip-file. Then you need to copy the file 1_Spread_Hi_Lo.mq4 into the folder MQL4\Indicators of your MT4 installation. After that please restart MT4 and then you will be able to see the indicator in the list of indicators.

Parameters of the !_Spread_Hi_Lo.mq4 Indicator For MT4

The !_Spread_Hi_Lo.mq4 Indicator For MT4 has 20 parameters to configure.

extern string  CreatedBy         = "K Lam 2010";
extern int PRange=5; //5 is fine and safe
extern int     Shift_Y              = -20;
extern int     Shift_X              = 0; //default = 8
extern int     window               = 0;
extern string Colors_Price  ="Colors for Price";
extern color Price_color_Up = DodgerBlue;
extern color Price_color_Dn = Brown;
extern color Price_color_Dn1= Gold;
extern color Price_color_Nt = Silver;
extern color Price_color_Hi = Silver;
extern color Price_color_Lo = Silver;
extern string Colors_Data   ="Colors for Data";
extern color Highest_Color  = DodgerBlue;
extern color Lowest_Color   = Brown;
extern color Warna_D1       = Gainsboro;
extern color Warna_Av       = Gainsboro;
extern color SymbolColor    = Gainsboro;
extern color LineColor      = DimGray;
extern bool Show_Symbol     = true;

Buffers of the !_Spread_Hi_Lo.mq4 Indicator For MT4

The !_Spread_Hi_Lo.mq4 Indicator For MT4 provides 0 buffers.

Main Parts Of The Code

int start()
  {
   //double volume10  =iVolume(NULL,PERIOD_M1,0);
   //if(volume10 gt 1) return;
   int myspread;
   string mysymbol="", ms=""; 

   if (Symbol() == "AUDCADm" || Symbol() == "AUDCAD." || Symbol() == "AUDCAD") { mysymbol = "AUDCAD"; myspread=6;} else
   if (Symbol() == "AUDCHFm" || Symbol() == "AUDCHF." || Symbol() == "AUDCHF") { mysymbol = "AUDCHF"; myspread=6;} else
   if (Symbol() == "AUDJPYm" || Symbol() == "AUDJPY." || Symbol() == "AUDJPY") { mysymbol = "AUDJPY"; myspread=5;} else
   if (Symbol() == "AUDNZDm" || Symbol() == "AUDNZD." || Symbol() == "AUDNZD") { mysymbol = "AUDNZD"; myspread=6;} else
   if (Symbol() == "AUDUSDm" || Symbol() == "AUDUSD." || Symbol() == "AUDUSD") { mysymbol = "AUDUSD"; myspread=5;} else
   if (Symbol() == "CHFJPYm" || Symbol() == "CHFJPY." || Symbol() == "CHFJPY") { mysymbol = "CHFJPY"; myspread=5;} else
   if (Symbol() == "EURAUDm" || Symbol() == "EURAUD." || Symbol() == "EURAUD") { mysymbol = "EURAUD"; myspread=6;} else
   if (Symbol() == "EURCADm" || Symbol() == "EURCAD." || Symbol() == "EURCAD") { mysymbol = "EURCAD"; myspread=7;} else
   if (Symbol() == "EURCHFm" || Symbol() == "EURCHF." || Symbol() == "EURCHF") { mysymbol = "EURCHF"; myspread=6;} else
   if (Symbol() == "EURGBPm" || Symbol() == "EURGBP." || Symbol() == "EURGBP") { mysymbol = "EURGBP"; myspread=6;} else
   if (Symbol() == "EURJPYm" || Symbol() == "EURJPY." || Symbol() == "EURJPY") { mysymbol = "EURJPY"; myspread=6;} else
   if (Symbol() == "EURUSDm" || Symbol() == "EURUSD." || Symbol() == "EURUSD") { mysymbol = "EURUSD"; myspread=5;} else
   if (Symbol() == "GBPCHFm" || Symbol() == "GBPCHF." || Symbol() == "GBPCHF") { mysymbol = "GBPCHF"; myspread=11;} else
   if (Symbol() == "GBPCADm" || Symbol() == "GBPCAD." || Symbol() == "GBPCAD") { mysymbol = "GBPCAD"; myspread=14;} else
   if (Symbol() == "GBPJPYm" || Symbol() == "GBPJPY." || Symbol() == "GBPJPY") { mysymbol = "GBPJPY"; myspread=11;} else
   if (Symbol() == "GBPUSDm" || Symbol() == "GBPUSD." || Symbol() == "GBPUSD") { mysymbol = "GBPUSD"; myspread=5;} else
   if (Symbol() == "NZDCADm" || Symbol() == "NZDCAD." || Symbol() == "NZDCAD") { mysymbol = "NZDCAD"; myspread=9;} else
   if (Symbol() == "NZDCHFm" || Symbol() == "NZDCHF." || Symbol() == "NZDCHF") { mysymbol = "NZDCHF"; myspread=9;} else
   if (Symbol() == "NZDJPYm" || Symbol() == "NZDJPY." || Symbol() == "NZDJPY") { mysymbol = "NZDJPY"; myspread=9;} else
   if (Symbol() == "NZDUSDm" || Symbol() == "NZDUSD." || Symbol() == "NZDUSD") { mysymbol = "NZDUSD"; myspread=7;} else
   if (Symbol() == "USDCHFm" || Symbol() == "USDCHF." || Symbol() == "USDCHF") { mysymbol = "USDCHF"; myspread=5;} else
   if (Symbol() == "USDJPYm" || Symbol() == "USDJPY." || Symbol() == "USDJPY") { mysymbol = "USDJPY"; myspread=5;} else
   if (Symbol() == "USDCADm" || Symbol() == "USDCAD." || Symbol() == "USDCAD") { mysymbol = "USDCAD"; myspread=6;} else
                              { mysymbol = Symbol(); }


   int    counted_bars=IndicatorCounted();
//----

    TF=Period();
    if (TF==PERIOD_M1) { MTF="M1"; }
    else if (TF==PERIOD_M5){ MTF="M5"; }
    else if (TF==PERIOD_M15){ MTF="M15"; }
    else if (TF==PERIOD_M30){ MTF="M30"; }
    else if (TF==PERIOD_H1){ MTF="H1"; }
    else if (TF==PERIOD_H4){ MTF="H4"; }
    else if (TF==PERIOD_D1){ MTF="D1"; }
    else if (TF==PERIOD_MN1){ MTF="MN1"; }
    else { MTF="-"; }

//-----------------------------------------------------------------------------------------------------------------------------  +
if(Show_Price==true)
{
   x=10; y=50; y1=10;
   double mydigit,mypoint;
   if((Digits==5) || (Digits==3)) mydigit=Digits-1; else mydigit=Digits;
   if((Point==0.001) || (Point==0.00001)) mypoint=Point*10; else mypoint=Point;
   // Price
   //Menampilkan Harga
   Nilai=iMA(Symbol(),0,1,0,MODE_EMA,PRICE_CLOSE,0); 
   Teks=DoubleToStr(Nilai,(mydigit));
   Huruf="Footlight MT Light"; Ukuran=19; Ukuran1=7;  //34
   // WarnaHarga=WarnaLampu pada trend TF 5 menit
   d_A = iMA(Symbol(),PERIOD_M5,MAFast_Period,MAFast_Shift,MAFast_Method,MAFast_Apply_To,0);
   d_B = iMA(Symbol(),PERIOD_M5,MASlow_Period,MASlow_Shift,MASlow_Method,MASlow_Apply_To,0);
   WarnaHarga=CheckWarna(d_B, d_A, Price_color_Up, Price_color_Dn);
   Write("MP01", Right_Top, Shift_X+x, Shift_Y+y+(y1*0)-18, Teks, Ukuran, Huruf, WarnaHarga);
   Write("MP0111", Right_Top, Shift_X+x, Shift_Y+y+(y1*0), "_______________", Ukuran1, Huruf, LineColor);
   Write("MP0112", Right_Top, Shift_X+x, Shift_Y+y+(y1*1), "  lt X|XXXXXXXXX gt  ", Ukuran1, Huruf, WarnaHarga);
   Write("MP0113", Right_Top, Shift_X+x, Shift_Y+y+(y1*1.5), "_______________", Ukuran1, Huruf, LineColor);


   Huruf="Tahoma Bold"; Ukuran=10; 

   d_A=iHigh(NULL,1440,0); 
   Teks=DoubleToStr(d_A, mydigit);

   Write("MP02", Right_Top,Shift_X+x, Shift_Y+y+(y1*3), Teks, Ukuran1, Huruf, Price_color_Hi);
   Write("MP0211", Right_Top,Shift_X+x+40, Shift_Y+y+(y1*3), "High : ", Ukuran1, Huruf, Price_color_Hi);
   

   d_B=iLow(NULL,1440,0); 
   Teks=DoubleToStr(d_B, mydigit);

   Write("MP03", Right_Top, Shift_X+x, Shift_Y+y+(y1*4), Teks, Ukuran1, Huruf, Price_color_Lo);
   Write("MP0311", Right_Top, Shift_X+x+40, Shift_Y+y+(y1*4), "Low : ", Ukuran1, Huruf, Price_color_Lo);
      
   //--- Informataion Hi to Lo ---
   Teks=DoubleToStr((d_A - d_B)/mypoint,0);

   Write("MP06", Right_Top, Shift_X+x, Shift_Y+y+(y1*5), Teks, Ukuran1, Huruf, Price_color_Up);
   Write("MP0611", Right_Top, Shift_X+x+40, Shift_Y+y+(y1*5), "D1 : ", Ukuran1, Huruf, Price_color_Up);
   
   //--- Informataion Daily Av ---
   R1=0; R5=0; R10=0; R20=0; RAvg=0; i=0;
   R1 =  (iHigh(NULL,PERIOD_D1,1)-iLow(NULL,PERIOD_D1,1))/mypoint;
   for(i=1;i lt =5;i++)   
     R5  = R5  + (iHigh(NULL,PERIOD_D1,i)-iLow(NULL,PERIOD_D1,i))/mypoint;
   for(i=1;i lt =10;i++)
     R10 = R10 + (iHigh(NULL,PERIOD_D1,i)-iLow(NULL,PERIOD_D1,i))/mypoint;
   for(i=1;i lt =20;i++)
     R20 = R20 + (iHigh(NULL,PERIOD_D1,i)-iLow(NULL,PERIOD_D1,i))/mypoint;

   R5 = R5/5;
   R10 = R10/10;
   R20 = R20/20;
   RAvg  =  (R1+R5+R10+R20)/4;    
   
   Teks_ReRata = (DoubleToStr(RAvg,mydigit-4));
   Teks_Rerata_Kemarin = (iHigh(NULL,PERIOD_D1,1)-iLow(NULL,PERIOD_D1,1))/mypoint;
   
   Write("MP07", Right_Top, Shift_X+x, Shift_Y+y+(y1*6), Teks_ReRata, Ukuran1, Huruf, Warna_Av);
   Write("MP0711", Right_Top, Shift_X+x+40, Shift_Y+y+(y1*6), "Av : ", Ukuran1, Huruf, Warna_Av);
   
   //Time for Next Candle
   d_B = (Time[4]-Time[5])-MathMod(CurTime(),Time[4]-Time[5]);
   d_A = d_B/60;
   d_B = (d_A-MathFloor(d_A))*60;
   d_A = MathFloor(d_A);
   Teks_Menit = DoubleToStr(d_A,0);
   Teks_Detik = DoubleToStr(d_B,0);
   Teks=Teks_Menit+":"+Teks_Detik;

   Write("MP08", Right_Top, Shift_X+x, Shift_Y+y+(y1*8), Teks, Ukuran1, Huruf, Price_color_Hi);
   Write("MP0811", Right_Top, Shift_X+x+40, Shift_Y+y+(y1*8), "Time : ", Ukuran1, Huruf, Price_color_Hi);
   
   // --- Spread
   d_A = (Ask - Bid)/mypoint;
   Teks = (DoubleToStr(d_A,mydigit-3));
   if (((Ask - Bid)/mypoint) lt myspread)
      { SignalColor=Price_color_Up;}
   else 
   if (((Ask - Bid)/mypoint) gt myspread)
      { SignalColor=Price_color_Dn1;}
   else 
      { SignalColor=Price_color_Nt;}

   Write("MP09", Right_Top, Shift_X+x, Shift_Y+y+(y1*7), Teks, Ukuran1, Huruf, SignalColor);
   Write("MP0911", Right_Top, Shift_X+x+40, Shift_Y+y+(y1*7), "Sprd : ", Ukuran1, Huruf, SignalColor);

if (Show_Symbol==true)
   {
   Write("MP0912", Right_Top, Shift_X+x, Shift_Y+y+(y1*8.5), "____________", Ukuran1, Huruf, LineColor);
   Write("MP09121", Right_Top, Shift_X+x, Shift_Y+y+(y1*10), "____________", Ukuran1, Huruf, LineColor);

   Write("MP0913", Right_Top, Shift_X+x+8, Shift_Y+y+(y1*9.45), mysymbol, 11, Huruf, SymbolColor);
   
   string MTF;
    double TF=Period();
    if (TF==PERIOD_M1) { MTF="M1"; }
    else if (TF==PERIOD_M5){ MTF="M5"; }
    else if (TF==PERIOD_M15){ MTF="M15"; }
    else if (TF==PERIOD_M30){ MTF="M30"; }
    else if (TF==PERIOD_H1){ MTF="H1"; }
    else if (TF==PERIOD_H4){ MTF="H4"; }
    else if (TF==PERIOD_D1){ MTF="D1"; }
    else if (TF==PERIOD_MN1){ MTF="MN1"; }
    else { MTF="-"; }

   Write("MP0914", Right_Top, Shift_X+x+8, Shift_Y+y+(y1*11), MTF, 9, Huruf, Price_color_Lo);
   }   
   
   Write("MP091444", Right_Top, x-5, y-49, "!_Spread_Hi_Lo in A Day", 7, Huruf, Price_color_Lo);
}
   InRange(0);
   
//----
   return(0);  // end of start funtion
  }
//+------------------------------------------------------------------+
//     expert custom function                                        |       
//+------------------------------------------------------------------+    

// Write Procedure
void Write(string LBL, double side, int pos_x, int pos_y, string text, int fontsize, string fontname, color Tcolor=CLR_NONE, int angle=0)
     {
       ObjectCreate(LBL, OBJ_LABEL, window, 0, 0);
       ObjectSetText(LBL,text, fontsize, fontname, Tcolor);
       ObjectSet(LBL, OBJPROP_CORNER, Sebelah);
       ObjectSet(LBL, OBJPROP_XDISTANCE, pos_x);
       ObjectSet(LBL, OBJPROP_YDISTANCE, pos_y);
       ObjectSetText("signal",CharToStr(164),60,"Wingdings",Gold);
         if (LBL == "MP5221")
         {
            ObjectCreate(LBL, OBJ_LABEL, window, 0, 0);
            ObjectSetText(LBL,text, fontsize, fontname, Tcolor);
            ObjectSet(LBL, OBJPROP_CORNER, Sebelah);
                ObjectSet(LBL,OBJPROP_ANGLE,0);
            ObjectSet(LBL, OBJPROP_XDISTANCE, pos_x);
            ObjectSet(LBL, OBJPROP_YDISTANCE, pos_y);
            ObjectSetText("signal",CharToStr(164),60,"Wingdings",Gold);
         }
         if (LBL == "MP091444")
         {
            ObjectCreate(LBL, OBJ_LABEL, window, 0, 0);
            ObjectSetText(LBL,text, fontsize, fontname, Tcolor);
            ObjectSet(LBL, OBJPROP_CORNER, 3);
                ObjectSet(LBL,OBJPROP_ANGLE,0);
            ObjectSet(LBL, OBJPROP_XDISTANCE, pos_x);
            ObjectSet(LBL, OBJPROP_YDISTANCE, pos_y);
         }
     }
// Function CheckWarna  
color CheckWarna(double a, double b, color U, color D)
      {
        if (a gt b) { return (U); } else { return (D); }
      } 

bool InRange(int PeriodX)
{
   int Barago=1440; //1440;//2 Day=2880 1 Day = 1440
   double Ten,Ten4;
   double xLow,xHigh,TenHigh,TenLow,High4,Low4;
      
   xHigh=iHigh(NULL,PERIOD_M1,iHighest(NULL,PERIOD_M1,MODE_HIGH,Barago,0));//2 Day PERIOD_H1,MODE_HIGH,48,0
   //iHigh(NULL,PERIOD_D1,1);
   xLow=iLow(NULL,PERIOD_M1,iLowest(NULL,PERIOD_M1,MODE_LOW,Barago,0));//1 Day 
   //iLow(NULL,PERIOD_D1,1);
   
   if(PeriodX==0) Ten=(xHigh-xLow)/PRange; //Day
   else Ten=(xHigh-xLow)/PeriodX;
   
   TenHigh=xHigh-Ten;
   TenLow=xLow+Ten;
   
   Ten4=(xHigh-xLow)/3;   
   High4=xHigh-Ten4;
   Low4=xLow+Ten4;

   if(ObjectFind("xHigh")!= -1) ObjectSet("xHigh", OBJPROP_PRICE1, xHigh);
   else if(!ObjectCreate("xHigh", OBJ_HLINE, 0, 0,xHigh))
      Print("error: cant create xHigh! code #",GetLastError());//      else ObjectSet("xHigh", OBJPROP_COLOR, Green);
   ObjectSetText("xHigh",DoubleToStr(xHigh,Digits));
      
   if(ObjectFind("xLow")!= -1) ObjectSet("xLow", OBJPROP_PRICE1, xLow);
   else if(!ObjectCreate("xLow", OBJ_HLINE, 0, 0,xLow))
      Print("error: cant create xLow! code #",GetLastError());
   ObjectSetText("xLow",DoubleToStr(xLow,Digits));
      
   if(ObjectFind("TenHigh")!= -1) ObjectSet("TenHigh", OBJPROP_PRICE1, TenHigh);
   else if(!ObjectCreate("TenHigh", OBJ_HLINE, 0, 0,TenHigh))
      Print("error: cant create xHigh! code #",GetLastError());
      else ObjectSet("TenHigh", OBJPROP_COLOR, Green);
   ObjectSetText("TenHigh",DoubleToStr(TenHigh,Digits));
      
   if(ObjectFind("TenLow")!= -1) ObjectSet("TenLow", OBJPROP_PRICE1, TenLow);
   else if(!ObjectCreate("TenLow", OBJ_HLINE, 0, 0,TenLow))
      Print("error: cant create xHigh! code #",GetLastError());
      else ObjectSet("TenLow", OBJPROP_COLOR, Green);
   ObjectSetText("TenLow",DoubleToStr(TenLow,Digits));
      
   if(ObjectFind("High4")!= -1) ObjectSet("High4", OBJPROP_PRICE1, High4);
   else if(!ObjectCreate("High4", OBJ_HLINE, 0, 0,High4))
      Print("error: cant create High4! code #",GetLastError());
      else ObjectSet("High4", OBJPROP_COLOR, Gold);
   ObjectSetText("High4",DoubleToStr(High4,Digits));
         
   if(ObjectFind("Low4")!= -1) ObjectSet("Low4", OBJPROP_PRICE1, Low4);
   else if(!ObjectCreate("Low4", OBJ_HLINE, 0, 0,Low4))
      Print("error: cant create Low4! code #",GetLastError());
      else ObjectSet("Low4", OBJPROP_COLOR, Gold);
   ObjectSetText("Low4",DoubleToStr(Low4,Digits));
            
//H_line BaragoBarago/Period( ) 
   if(ObjectFind("Barago")!= -1) ObjectSet("Barago", OBJPROP_TIME1, iTime(NULL,0,Barago/Period()));
   else if(!ObjectCreate("Barago", OBJ_VLINE, 0, iTime(NULL,0,Barago/Period()),0))
      Print("error: cant create Barago! code #",GetLastError());
      else ObjectSet("Barago", OBJPROP_COLOR, SkyBlue);
   ObjectSetText("Barago",DoubleToStr(Barago,0));
      
   //Bid is down
   if(Ask  lt  TenHigh && Bid  gt  TenLow) return(true);
   return(false);
}

 

About Me

I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

The following performance was achieved by me while trading live in front of hundreds of my clients:

Connect With Me:  

Results From 5 Months!
This service starts soon! Be the first who get's notified when it begins!

This FREE Indicator Can Transform
Your Trading!

FREE Indicator + Telegram Group


Request the Ultimate Double Top/Bottom Indicator which is used by 10,000+ traders.