News Dissemination Risk Dashboard (Spikes and Gaps Monitor) - MetaTrader 5 Script - MT4/MT5 Resources

News Dissemination Risk Dashboard is a lightweight Chart Overlay Indicators Designed to help traders immediately recognize dangerous market conditions Widening spreads can disrupt entry, exit and risk control – especially when high impact news , roll over , session transitions , and non-current period (Open on weekends, holidays, thin book).

Rather than guessing whether the market is "safe to trade," this indicator measures Actual selling price - selling price difference And visualize transmission risk as clean, compact panels on charts.

The dashboard shows a rolling snapshot of the spread:

When a warning condition is detected, the background automatically switches colors so the signal is clear at a glance.

Spread spikes often occur when traders are most vulnerable:

This dashboard is a Risk Filter : It helps you decide when to wait, reduce size, extend your stop, or skip an entry.

You can choose how the warning is triggered:

This indicator warns when the real-time spread becomes a multiple of its recent behavior:

This is robust to different symbols as it adapts to normal propagation conditions.

When the real-time spread reaches a fixed limit, the indicator issues a warning:

This is ideal if you already know exactly what spread levels will make the setup ineffective for each market.

To keep readings meaningful, the indicator supports multiple display modes:

When a risk situation is detected, you can enable alerts with a cooldown to prevent spam:

Attachment download

📎 News-Gap-Spread-Risk-Dashboard.mq5 (23.81 KB)

Source: MQL5 #68122