FXMasterCourse

Trading Order Out of Chaos

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
  • About
  • Trading Approach
  • Resources
  • Forex Tools
    • MT4 Code
    • Tick Data
    • Useful Tools
  • In the Media
  • Testimonials
  • Contact
  • Member Login
You are here: Home / Downloads / Average Bid/Ask MT4 Indicator

January 26, 2016 by Corvin Codirla Leave a Comment

Average Bid/Ask MT4 Indicator

Average Bid/Ask MT4 Indicator

This indicator will average the bid / ask spread over the last N ticks.

The purpose is to be able to monitor the behavior of the currency pair during fast markets, such as occur before and during news announcements.

It's useful for indicating times of increased danger, and can be used as a possible flag to square positions.

The parameters are:

  • MA: the number of ticks to average the bid/ask spread over.  The default is set to 30 ticks
  • showTickCount: a boolean flag, which when set to true will also display the tickCount.  Useful for debugging
  • BidAskThreshold: should be set to a threshold which indicates increased market activity.  A good level is four times the usual average.
  • xOffset / yOffset: places the indicator display in various positions on the Chart Window
  • normalText: a text color which is used when the average bid ask is below the threshold
  • alertText:  a text color which is used when the average bid ask is above the threshold and increased market activity is registered

The MT4 indicator was coded in build 950 of MT4.


File
BidAsk.mq4
Average Bid/Ask MT4 Indicator
Version1.0
Download46
Stock∞
Total Files1
Create DateJanuary 26, 2016
Last UpdatedDecember 3, 2016
Processing...
Subscribe to download

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse Topics

Tags

ADP AUDUSD Backtest Bid Ask Bonds Breakout CHFJPY Commodities ECB Economic Indicators Economic Releases Emerging Markets Engulfing Candles Equities EURCHF EURSEK EURUSD FOMC FX G10 GBPUSD HFT Kelly Market Timing Mean Reversion Moon News Events News Trading NFP ORB Performance Measures PPP Python Range Expansion Recession Risk Parity Sharpe Ratio Slippage Solar Eclipse SP500 Trading Systems USD USDCAD USDCHF USDJPY

Subscribe to Get the One Exercise which will Improve Your Foreign Exchange Trading Straight Away

  • Get rid of your fear of losing
  • Learn to stick to the rules
  • Achieve a Zen like state when you trade

Search Site

Testimonials

The bar in trader education has been set and I highly recommend anyone wishing to pursue a career in trading to invest in this program.         Jehan Jabar
One-on-One Coaching
Great teaching style. Very engaging. Material was presented in interesting manner and focused more on real life than theory.
CASS Seminar
Very insightful from an intelligent and talented individual. Life changing.
CASS Seminar
I really do rate everything with a “5.” Very good talk
CASS Seminar
Very well structured, interesting and insightfull
CASS Seminar
Very clear, engaging and insightful.
CASS Seminar
Excellent, funny. Very knowledgeable!
CASS Seminar
Quick thank you for the suggestion to look at shorting the CHFJPY. Just closed at 122 pips profit. With only 9 pips Max loss. Nice.  Michele Russell
One-on-One Coaching

© 2023 · FXMasterCourse · Privacy Policy · Terms & Conditions · Earnings Disclaimer

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT