ClearPath Trader

Spread Indicator

Tracks the price difference between two instruments or legs. Used in pairs, basis, and relative-value trading.

Category: Technical · Complexity: ★★☆☆☆ (2/5)

Tags: technical, study-card, price

Study card — educational illustration only (no live overlay in Charts).

Spread Indicator chart illustration

Formula

Spread Indicator is computed from price, volume, breadth, or macro prints depending on class (Technical). See the description for the defining inputs.

How to read

Read Spread Indicator as a labeling tool: it describes a condition (trend, stretch, participation, or macro). Confirm with price structure, not the indicator alone. This entry is a study card — not every encyclopedia model has a live chart overlay.

Limitations

Spread Indicator can lag, repaint (some drawings), or stay extreme in trends. It is not financial advice and not a broker signal.

Typical settings

Use the author's original defaults first; change one parameter at a time.

Spread Indicator is part of the ClearPath Encyclopedia of Indicators — 190 models explained with standard SVG illustrations, so you can study an indicator before you put it on a live chart.

Browse the full indicator directory →