OPEN-SOURCE SCRIPT
Dynamic Rollover & Spread Window
Dynamic Rollover & High Spread Zones
If you trade across different asset classes, you know that daily rollovers, CFD maintenance breaks, and weekly opens carry massive spread widening and low liquidity. Getting caught in a trade during these windows often leads to unnecessary slippage or getting stopped out by the spread alone.
This indicator automatically highlights these high-risk liquidity gaps directly on your chart. Instead of manually drawing time boxes or switching indicator settings every time you change tickers, the script reads what you are trading and adapts instantly.
The Hidden Cost of High Spreads
The spread is the difference between the Bid (sell) price and the Ask (buy) price. During rollover windows and market opens, institutional liquidity dries up. To protect themselves, brokers widen this spread dramatically—sometimes inflating a standard 1-pip spread to 15 or 20 pips.
This impacts your trading in two fatal ways:
A Simple Example: Imagine you are in a short position on EUR/USD. The current price on the chart is 1.1000, and your stop-loss is placed 10 pips above at 1.1010. Normally, the spread is 1 pip.
At 17:00 NY time (rollover), the broker widens the spread to 15 pips. Even though the chart price remains exactly at 1.1000, the Ask price instantly jumps to 1.1015. Your stop-loss is triggered, closing you out for a loss. Five minutes later, the spread returns to normal, and EUR/USD drops 50 pips in your favor—but you are already out of the trade.
Key Features:
Default Time Windows (NY Time):
Customization:
All session times and highlight colors are fully customizable in the indicator inputs to match your specific broker's server times if they differ from the standard exchange breaks.
If you trade across different asset classes, you know that daily rollovers, CFD maintenance breaks, and weekly opens carry massive spread widening and low liquidity. Getting caught in a trade during these windows often leads to unnecessary slippage or getting stopped out by the spread alone.
This indicator automatically highlights these high-risk liquidity gaps directly on your chart. Instead of manually drawing time boxes or switching indicator settings every time you change tickers, the script reads what you are trading and adapts instantly.
The Hidden Cost of High Spreads
The spread is the difference between the Bid (sell) price and the Ask (buy) price. During rollover windows and market opens, institutional liquidity dries up. To protect themselves, brokers widen this spread dramatically—sometimes inflating a standard 1-pip spread to 15 or 20 pips.
This impacts your trading in two fatal ways:
A Simple Example: Imagine you are in a short position on EUR/USD. The current price on the chart is 1.1000, and your stop-loss is placed 10 pips above at 1.1010. Normally, the spread is 1 pip.
At 17:00 NY time (rollover), the broker widens the spread to 15 pips. Even though the chart price remains exactly at 1.1000, the Ask price instantly jumps to 1.1015. Your stop-loss is triggered, closing you out for a loss. Five minutes later, the spread returns to normal, and EUR/USD drops 50 pips in your favor—but you are already out of the trade.
Key Features:
Default Time Windows (NY Time):
Customization:
All session times and highlight colors are fully customizable in the indicator inputs to match your specific broker's server times if they differ from the standard exchange breaks.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.