LiveSpreadMonitor is a real-time spread analysis plugin for cTrader designed to provide traders with comprehensive visibility into forex market conditions. It displays a live, color-coded table of selected forex pairs, updating every 500 milliseconds (configurable), showing bid, ask, spread in pips, daily pip change, directional bias, spread as a percentage of price, and decimal precision. Users can monitor multiple pairs simultaneously with sortable spreads and alternating row colors.
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.