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The "AvgBidAskSpread" is a parameterless function that calculates the average ask price for the current bar minus the average bid price for that same bar.
The indicator uses the newly introduced CSharp-based "cFunctions.GetBidAskData" function to capture last bid/ask updates and performing the necessary calculations.
You can plot this indicator to a chart simply by adding the following formula:
a = AvgBidAskSpread();
plot(a, "", colorGreen);
Note that in order for this function to work, you must apply it to a chart that is connected to a data feed. The data feed must also support bid/ask updates (most of them does).
You can use this formula is any intraday period but it is important to note that only the last 1000 updates (including last, bid and ask) are used in the calculation. This is because only the last 1000 updates are stored in memory.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.