Extreme Spike Indicator

Extreme Spike Indicator

The best automatic price spike signal indicator for MT4. Plots advance alerts on potential breakouts/pullbacks. Suits forex, stocks & crypto trading strategies.

The Extreme Spike is a price-action-based technical indicator used to identify highly probable bullish and bearish spike signals in MT4.

In financial trading, a spike means a one-direction, aggressive and extensive price movement within a very short spell. Both day and intraday traders consider this price action an opportunity to make quick and handsome profits.

However, it’s not always easy to spot solid spikes since no one knows when it will happen and in which direction the price may continue to move. Besides, you can sit in front of the chart all day long, waiting for a sharp price movement.

The Extreme Spike indicator closely monitors the price behavior and alerts on potential market trends ahead. Besides, it detects market high-low and points to critical price swing zones. This article will explain how to use the Extreme Spike Indicator in MT4 to make profitable buy-sell decisions.

How to Trade Forex and Stocks Using the Extreme Spike MT4 Indicator

The Extreme Spike shows colored dots in the indicator window, signaling an upcoming on-trend movement. The position of the dots on the chart indicates whether it will be a bullish or bearish price movement.

This indicator plots the trend reversal signals during an extreme overbought/oversold market. So, apart from trend-based price breakouts, you can also assess swing trading opportunities. With this strategy, you can target buy at low and sell from high, and increase your profit margin.

Once the price begins the spike or one-direction move, the indicator plots a large signal bar confirming a solid trend-following rally. Please note that this bar doesn’t carry a buy or sell confirmation. It only ensures that the price is steadily moving in a definite direction.

Therefore, look for trading opportunities whenever the indicator delivers dot signals, indicating an upcoming trend reversal. It is a plus if you can match the price swing alerts with candlestick patterns at key support/resistance levels.

We recommend you refrain from strictly following the price spike signals when announcing sensitive news. Such events may alter the market sentiment, putting you in an adverse trading condition. Other than that, the Extreme Spike is an excellent indicator to work within all trading sessions.

Conclusion
The Extreme Spike is perfect for MT4 intraday traders who love to take advantage of price volatility of forex and stock markets. Follow the indicator’s spike signals to catch the major trends in advance. Also, you can activate the alert service, enabling you to capture every significant price event taking place in financial markets.