Spread indicator

[zafh]

Would it be possible to code an indicator which visually represents the size of the spread on the chart?
I was thinking maybe 2 horizontal lines where the user can drag the bottom one and the top one follows by the distance of the spread.

I am currently trading off very low time frames using limit orders but I want to be excuted or stopped out on the bid price. I am thinking I could use this to mark where my entry / stop would be but use the upper line for where the actual order goes. I understand that it won't be perfect as spread is constantly changing but it would be close enough.

Is this doable / easy / hard?

Thanks Guys.

[tomele]

Chart properties -> Show Ask Line. The bid is always shown.

[zafh]

Chart properties -> Show Ask Line. The bid is always shown.

Thanks yes I know about that but it only displays the ask price at the current candle.
What I need to be able to see where my limit entry needs to be to get trigger in at the bid price.

Here is an example trade.
https://www.tradingview.com/x/XfJ5OnaK/

Limit order at the top of the blue box and stop below.
If the spread was 1 for exmaple I would drag the indicator to where my entry is and it would show I need it 1 pip higher to be trigger in.


In this case it wouldn't have mattered as price when deeper but if it just touched the entry it would be missed due to spread.
https://www.tradingview.com/x/SGB29W8S/


I envision the indictor would be used something like this.
https://www.tradingview.com/x/JL4dv2W4/

[zafh]

What happened to c1borg's post?

[SteveHopwood]

What happened to c1borg's post?

He deleted it. I never saw it, or his reason for deleting it and so do not know why.