The Overlay Spread Charts Indicator is a popular and free Forex indicator for MetaTrader 4 (MT4) that allows traders to compare the spreads of two different currency pairs on the same chart. This feature makes it much easier to spot discrepancies and identify potential trading opportunities.
By overlaying spreads directly on the chart, traders can visually compare the bid-ask spread, midpoint spread, or pip spread between two selected pairs. The indicator presents this information in a clear graphical format, helping traders instantly recognize which currency pair offers the most favorable trading conditions.
🔑 Features:
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✅ Overlay spreads of two pairs on one chart
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✅ Choose between bid-ask, midpoint, or pip spread
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✅ Easy-to-read graphical visualization
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✅ Helps detect anomalies in spreads
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✅ Free and user-friendly for all MT4 traders
🎯 Why use it:
The Overlay Spread Charts Indicator is especially useful for spread-based strategies and for traders who want to maximize efficiency by comparing pairs side by side. By highlighting where spreads are tight or unusually wide, the indicator helps traders refine entry and exit timing and avoid costly trades.
Whether you’re scalping, arbitraging, or simply monitoring market conditions, the Overlay Spread Charts Indicator gives you the tools to make smarter, faster, and more informed trading decisions.
