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When trading on smaller time frames, understanding the spread is crucial. If you’re looking to set a buy stop based on your chart analysis, you’ll need to get a good visual sense of the bid-ask spread.
The BidAskChannel Indicator enhances your trading experience by clearly displaying the upper shadows of candles, making the Ask price visible on the chart. This way, you can easily see the spread at a glance!
Fig.1 The BidAskChannel Indicator
This handy tool was originally developed in MQL4 and made its debut in the Code Base on mql4.com on June 14, 2011.
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