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ShenLong.Lab
10/25/2026 05:46
Release： 10/25/2026 05:46
Update： 10/25/2026 05:46
ShenLong.Lab
Investment style : Day Trade
Investment career : More than 10 years
Investment amount : -
Nice to meet you. Thank you for viewing my profile. I am Shinryu, founder of "ShenLong Lab (Shenlong Lab)". I learned programming to become a trader. Before learning how to win in the market, I decided first to acquire the ability to build my own tools for winning. I started by paying 2 million yen for a programming school. Currently, as an active trader who continues to generate monthly profits with my own indicators, I have developed over 1,000 financial indicators and automation tools. What is truly needed to keep winning in the market is not complex logic. It is "visualization that eliminates hesitation" and "thorough efficiency of verification work." ShenLong Lab's indicators are all tools I created to solve things I personally found to be hard to see or time-consuming in trading. They make work easier, reduce stress, and allow you to focus on analysis and trading itself. We have crafted them into tools you can feel the difference of on your daily charts. All parameters are labeled in Japanese, and you can select them with ON/OFF rather than true/false, so even those without specialized knowledge can set them without hesitation. The logic that can be verbalized resides in code. I will continue to develop tools that translate trading intuition and stress into words, reduce manual waste, and maximize the results of thinking and trading. I hope ShenLong Lab's indicators will be helpful in making your trading more comfortable for everyone.
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Episode 14 I created SL_SPD to display the current spread on a chart

This is ShenLong, the dragon of ShenLong Lab (シェンロン ラボ).

To introduce myself a little for first-time visitors.

As a living trader who continues to produce monthly profits with my own indicator, I have developed over 1,000 indicators and automation tools to date.

ShenLong Lab’s 14th item
“SL_SPD (SPreaD)”
has been released.

This time, I’ll talk about why I created this item and tips for checking spreads in MT4/MT5.

How do you currently check the spread?

Spreads can widen before or after an indicator release or during early hours.

In MT4/MT5, I think many people open the market watch window and compare the bid and ask prices.

There are times you realize after the fact that it widened when you’ve been focusing on the chart.

A practical approach with standard features
  • Show the “Spread” column in the market watch window
  • Plot the Ask price on the chart to see the gap between bid and ask

Both are convenient, but to view the numbers in pips, one extra step is needed.

It would be nice to display the current spread on the chart in pips.

I used to open the market watch window and check the spread before entering a trade. SL_SPD was created so I could check it without taking my eyes off the chart.

From here on, I will introduce how to use SL_SPD in a video.