Tracking Live Spreads and Recording Historical Extremes
Summary
This document describes a single-symbol chart indicator that displays the current spread and tracks the widest and tightest observed spreads, along with the times when those records occurred. The displayed high and low records change when a new extreme is reached. The panel can be customized for color, position, and refresh interval, and is intended to make spread changes visible without manual logging.
The description suggests watching for spread widening around news or during less liquid sessions, and comparing conditions across the symbol being viewed. It presents a monitoring utility rather than a trading strategy or tested market analysis: no sample observations, measurement methodology, broker comparison, or performance evidence is supplied. The recorded extrema are specific to the period and conditions during which the indicator runs, so they should not be treated as a complete historical spread distribution or as proof of execution quality.
Key ideas
- A chart indicator can display the current spread for the active symbol.
- It records the widest and tightest observed spreads and their timestamps.
- New records update the displayed extrema when the spread exceeds a prior high or low.
- Spread monitoring may help reveal widening during news or low-liquidity periods.
- The description provides no evidence that the recorded extremes represent full historical conditions.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.