The extreme spike indicator is a Meta trader indicator used to detect the extreme high and extreme low spikes in the market trend. It is used to detect the sudden movements in the price action. It detects the spikes which appear when the market trend is ending in the indicator chart. It also used to detect the support and resistance levels in the market trend.
When the resistance level and spike bars are moving same time then the price in the market trend falls and it fails to trade in the forex market and when the support and spike bars are moving at the same time in the market trend then the price in the forex market increases and there are more chances to get a profitable life in the Forex trading system.
Extreme Spike Indicator No Repaint MT4
Beginners are unaware from the term spikes. Firstly, we will describe what spikes are?
Spikes are the large downward and upward price movements in a specific period of time. When the spikes are moving downward then they are negative spikes and when the spikes are moving upward then they are positive spikes.
These spikes are used in trade to confirm whether the trade is profitable or not. It detects it by different strategies like stock symbol means currency pair, price action, types of movements in the trade, and account information of the trade.
The extreme spike indicator has the following characteristics. This indicator uses all the timeframes to trade but the best timeframe to trade with the help of this indicator is 1 minute, 5 minutes, 1hour, 5 hours, and 1 day. It can also use all the currency pairs to trade.
This indicator is applicable for all the traders and it is available for both short term trade and long term trade.
This indicator uses different color schemes that help the traders in easy understanding and it also uses a specific level or pip that helps to differentiate between extreme high and extreme low spikes in the extreme spike indicator.
Boom and Crash Spike Detector
This indicator is specially designed for Meta trader platforms like mt4 and mt5. This is also designed for the forex and binary trading system. This indicator can be used in all the trading sessions no matter they are London time sessions,
European time sessions or New york time sessions. This indicator also has a specific candlestick pattern that helps to differentiate between different market trends. This indicator uses different indicators as collaborative tools.
It uses super signals channels indicator, trend step moving average indicator, I-Session indicator, candlestick pattern indicator, and RSI indicator (relative strength indicator).
Download Extreme Spike Indicator MT4
USES OF EXTREME SPKIE INDICATOR MT4: –
There are numerous uses of extreme spike indicator. Some of them are given here. This indicator is very useful to detect spikes in the market trend whether they are extremely low spikes or they are extremely high spikes. It also detects the support and resistance levels in the market trend.
It is also used to detect bullish and bearish trends in the forex market. It is one of the best indicators to detect accurate spikes in the market trend. It is the most profitable indicator.