Day traders love to have all kind of information regarding the symbol they trade on their chart like spread, current day range, etc…
Symbol Info indicator displays a symbol spread, average true range, average daily range, current day range, and day up / down left space all in Pips.
This indicator is really handy when you are a day trader, suppose you use two ATR as a stop for your positions and calculating ATR each time you want to open a position is really time-consuming:
EURUSD ATR = 0.0021 = 21 Pips * 2= 42 Pips
Instead, if you use Symbol Info and set the ATR multiplier to “2” then you will have the two ATR value in Pips always on your chart.
Shows spread, ADR, ATR, and current day range in Pips
Works for all symbols
Shows the left up and down left space for the current day in Pips