Spread Widening Alert Indicator paid

by ClickAlgo in category Volatility at 19/01/2022
Description

The cTrader Spread Alert Indicator will tell you when the spread for your symbol starts to increase, this is the bid/ask spread and if this gap increases during times of low volatility or volume then it could take out your stop loss, as soon as the volatility returns the spread gap will reduce and leave you wondering why your position closed at a loss.

 

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Formula / Source Code
Language: C#
Trading Platform: cAlgocTrader
´╗┐using cAlgo.API;
using System.Windows.Forms;

namespace cAlgo
{
    [Indicator(IsOverlay = false, TimeZone = TimeZones.UTC, AccessRights = AccessRights.FullAccess)]
    public class ClickAlgoIndicator : Indicator
    {
        [Parameter(DefaultValue = 0.0)]
        public double Parameter { get; set; }

        [Output("Main")]
        public IndicatorDataSeries Result { get; set; }


        protected override void Initialize()
        {
            var ret = MessageBox.Show("Please click YES to open a web browser where you can download this product from ClickAlgo.com", "Downloading...", MessageBoxButtons.YesNo, MessageBoxIcon.Information);

            if (ret == DialogResult.Yes)
            {
                System.Diagnostics.Process.Start("https://clickalgo.com/spread-alerts");
            }
        }

        public override void Calculate(int index)
        {
            // Calculate value at specified index
            // Result[index] = ...
        }
    }
}
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