Using i-Spread to Track Recent Broker Spreads

Summary

The i-Spread indicator displays recent minimum and maximum spread values across several lookback windows: the last hour, four hours, and day. It also plots two additional lines for the minimum and maximum spread observed on the current bar. This can help traders compare spread conditions on accounts held with different brokers.

The document explains the indicator's displayed measurements and intended use, but gives no trading rules, execution study, or performance results. It does not specify how spreads are sampled, whether the readings include commissions or slippage, or how the indicator behaves across instruments and chart timeframes. Its value is therefore as a visual monitoring aid for broker spread variation, not evidence that a particular execution or trading approach will improve outcomes.

Key ideas

• The indicator reports minimum and maximum spreads over hourly, four-hour, and daily windows.
• Separate lines show the current bar's minimum and maximum spread.
• The readings can help compare spread conditions across brokers.
• The document provides no execution results or details on spread sampling.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.