ap-tools

AP BTC Spread Radar (MT5 Indicator)

What it does
Plots the current live spread (in points) and a moving average of the spread in a separate window. Designed for BTCUSD/XBTUSD but works on any symbol.

How to install

1. Open MT5 → File → Open Data Folder
2. Put AP_BTC_Spread_Radar.mq5 into MQL5/Indicators
3. In MetaEditor click Compile, then attach the indicator to your chart (BTCUSD recommended).

Inputs (recommended defaults)

• MAPeriod = 50 – smoothing window for the spread MA
• UseEMA = false – use SMA by default; toggle to EMA if you prefer
• MaxHistory = 5000 – number of bars to retain internally
• ShowComment = true – small HUD with live/avg spread (points)
• CommentEvery = 3 – update HUD every N ticks
• VerboseLog = false – keep false for quiet operation

Tips

• If your broker uses non-standard point size, the indicator still works: it reads SYMBOL_POINT and shows points accordingly.
• For BTC, a rough quick map at many brokers: 10,000 points ≈ $1 at 0.01 lots — verify in your terminal as brokers differ.
• This is a pure indicator: it never sends orders.

Support
Support is via MQL5 messages/comments only. To get presets or help, send a message on MQL5.