Visual Ask Bid Spread Utility
MT4 bid/ask spread visualiser and trade filter | mql5.com
About Visual Ask Bid Spread Utility
The Visual Ask Bid Spread utility for MetaTrader 4 replaces the platform's default Bid and Ask price lines with fully customisable, easily readable versions. Beyond cosmetic improvements, understanding the live spread is essential for EA and manual traders to avoid placing trades during high-spread periods. Pairs with this tool with a spread-filter EA to automatically block trades when the spread exceeds acceptable thresholds.
- Platform: MetaTrader 4
- Type: Trading utility / spread monitoring tool
- Function: Replaces MT4 Bid/Ask lines with customisable display
- Shows: Live Bid price, Ask price, and current spread in pips
- Source: mql5.com/en/market/product/21776
Key Features
✓ Clearly visible Bid/Ask lines — easier to read than MT4's default display
✓ Live spread monitoring helps avoid trading during high-spread windows
✓ Fully customisable colours and styling
✓ Essential companion tool for scalping EAs that are spread-sensitive
⚠ This is a utility/indicator — not a trade-placing EA; use alongside your main strategy
⚠ Monitor spread on news events — spread can spike dramatically during releases