Description
Live Spread Monitor is a real-time spread analysis plugin for cTrader, built for traders who want full visibility into market conditions before entering a trade.
What it does:
The plugin displays a live table of your chosen forex pairs, updating every 500ms (configurable), showing bid, ask, spread in pips, daily pip change, directional bias, spread as a percentage of price, and decimal precision โ all colour-coded for instant readability.
Key Features:
- ๐ Live spread table โ monitor up to any number of pairs simultaneously with alternating row colours and sortable spreads
- โ ๏ธ Spread alerts โ visual and sound alerts fire when the spread exceeds your configured threshold
- ๐ Directional bias โ automatically labels each pair as Bullish, Mild Bull, Ranging, Mild Bear, or Bearish based on pip movement from the daily open
- ๐ก Spread Insight Panel โ click any symbol to get a detailed breakdown including session min/max, 60-tick average, entry cost per lot size (standard, mini, micro), and actionable strategy advice
- โ Dynamic symbol management โ add or remove pairs on the fly without restarting the plugin
- ๐ Sort by spread โ instantly rank pairs from widest to tightest spread
- ๐ฐ Entry cost calculator โ shows exact dollar cost of the spread per standard, mini, and micro lot
Who it's for:
Scalpers, day traders, and intraday swing traders who need to know whether conditions are safe to enter โ especially around news events, session opens, and low-liquidity windows.
Fully configurable: symbol list, refresh rate, alert threshold, sort preference, and sound alert file path are all set via plugin parameters
Summary
Key features include visual and sound alerts triggered when spreads exceed user-defined thresholds, automatic directional bias labeling (Bullish, Mild Bull, Ranging, Mild Bear, Bearish) based on daily pip movement, and a Spread Insight Panel offering detailed statistics such as session min/max, 60-tick averages, entry cost per lot size (standard, mini, micro), and strategy advice. The plugin supports dynamic symbol management, allowing pairs to be added or removed without restarting, and includes an entry cost calculator showing the exact dollar cost of spreads per lot size.
LiveSpreadMonitor is suited for scalpers, day traders, and intraday swing traders who require timely information on market conditions, especially around news events, session openings, and low-liquidity periods. Configuration options cover symbol lists, refresh rates, alert thresholds, sort preferences, and alert sound file paths.