Spread Analyser is a simple but useful indicator which shows and analyses your broker floating-spread history.

Although many brokers claim to have a low spread, they often refer to the time-averaged value, without giving any indications on the maximum value reached during the day. Quite often, the instantaneous spread shows "peaks" that are several times higher than this average. If these peaks take place during high volatility conditions (as happens frequently) then they can dramatically affect your trading strategy.

On the other hand, since spread is the main way brokers protect and achieve their profits, it is likely that the spread behavior could anticipate strong price movements/volatility, or at least provide good entering/exiting market indications.

These are the motivations behind the development of this indicator.

The indicator collects the spread values at each incoming tick and evaluates their maximum, minimum and the average value within each bar and then displays these quantities as lines in its sub-window. At the same time, in the main window of the chart, the same values are reported but referring to the whole history on the chart.

At the beginning the indicator sub-window is empty. Spread lines start to be drawn as soon as the latest bar closes. This is because no history data can be used in this free version.

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