• MT4 Collections
    • Top Indicators Hot
      • Top Rated
      • Top Downloads
      • Most Popular
      • New
      • Recommended
    • Trading Style
      • Beginner For Newbies
      • Scalping
      • Short-Term
      • Day Trading
      • Intraday
      • Swing
    • Indicator Type
      • Accurate
      • Leading
      • Reversal
      • Breakout
      • Sideways
      • Entry & Exit
      • Overbought & Oversold
      • Non-Repaint
    • Categories
      • Trend
      • Signal
      • Support & Resistance
      • Price Action
      • Stochastic
      • Envelope
      • Volume
      • Helpers
    • Timeframes
      • M1-M5
      • M15-M30
      • H1-H4
      • D1-W1
      • Multi Timeframe
    • Platform
      • MT4 Popular
      • MT5
  • Indicators
  • Blog
  • CONTACT US
  • ABOUT US
Menu
Search
Select category
  • Select category
  • Envelope Indicators
  • Helpers
  • Price Action
  • Signal
  • Stochastic
  • Support & Resistance
  • Trend
  • Volume
0 Wishlist
Home Collection Stochastic Extreme Spike MTF
Profit Line
Back to products
Probability Meter
MT4
Watch video
Click to enlarge

Extreme Spike MTF

The Extreme Spike MTF indicator for MT4 detects spikes in the market. The Extreme Spike MTF Indicator is a great choice for traders who want to take advantage of potential price spikes in the market. Download for free! Try now!

Trading Style

Swing

Indicator Type

Entry Exit

Timeframe

Multi Timeframe

Platform

MT4

Add to wishlist
0 People watching this product now!
Categories: Signal, Stochastic
Share:

Downloads - 314

Download now
  • Description
  • Reviews (0)
  • How to Install
Description

The Extreme Spike MTF indicator for MT4 is a volatility-based Forex trading tool that detects significant price movement in the financial market. It identifies spikes in price movement across multiple time frames of the chart.

The indicator is often used as a technical analysis tool to identify the directional bias of the market or price breakouts. However, it is recommended to be used as a confluence with piece action/other technical indicators for better efficiency.

Features of the Extreme Spike MTF Indicator for MT4

The indicator detects and displays the extreme price movement on a separate window, below the main chart. Besides detecting spikes, it also identifies potential trend reversal zones after a spike in the price movement.

It paints a blue or red bar after a spike, which suggests that the price has reached a potential limit for a possible trend reversal. The blue and red bars also indicate signals for BUY and SELL trade entries, respectively.  Furthermore, this version of the Extreme Spike indicator is designed with a signal alert system to keep Forex traders informed about trading opportunities.

Benefits of Using the Indicator

  • Enhances Trend Analysis: The indicator helps Forex traders identify strong conditions and potential reversal zones with less hassle.
  • Improves Decision Making: The Extreme Spike MTF indicator can help traders make better decisions. For instance, a trader may consider holding a buy position if the indicator continually detects spikes to the upside, especially when the overall trend is bullish.

Indicator Settings Description

The indicator comes with the following customizable features:

Timeframe: Determines the time for analysis.

NoRepaint: Enables/Disables the indicator to repaint signals.

MinorMinExtremeHeightATRs: Defines minimum height for minor spikes.

MajorToMinorHeightRatio: Defines the height ratio for major and minor spikes.

MinorMinExtremeWidth: Defines the width of the minor minimum bar.

MajorMinExtremeWidth: Defines the width of the minor minimum bar.

AlertMajorButtomEnabled: Enables/Disables alerts for extreme price lows.

AlertMajorTopEnabled: Enables/Disables alerts for extreme price highs.

AlertMajorTopEnabled: Enables/Disables alert notification for major top spikes.

AlertMajorBottomEnabled: Enables/Disables alert notification for major bottom spikes.

AlertStableEnabled: Enables alert for stable trend.

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “Extreme Spike MTF” Cancel reply

Your email address will not be published. Required fields are marked *

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

Related products

MT4
Quick view
Add to wishlist

Half Trend Buy Sell

Signal
Half Trend Buy Sell MT4 Indicator - Precise trend signals with non-repainting arrows for forex trading. Optimal entries and exits. Amplitude, arrow, and alert settings are available.
HotMT4
Quick view
Add to wishlist

Super Arrow

Signal
The Super Arrow Indicator is a forex tool for MT4 that generates high-probability trading signals by using multiple indicators such as Moving Averages, Relative Strength Index, Bollinger Bands, and Magic Filter. It filters out false signals and provides good trade signals by combining these indicators.
MT4
Quick view
Add to wishlist

Darvas Boxes nmc

Signal, Support & Resistance
The Darvas Boxes NMC Indicator is a nice and free Forex trading tool available for MT4 platforms. It is based on the Darvas box trading method, which involves identifying trends through the creation of boxes on a price chart. The indicator helps traders visualize key support and resistance levels and potential trend reversals. The Darvas Boxes NMC Indicator provides clear buy and sell signals through color changes and arrows, allowing traders to make informed trading decisions. Its user-friendly interface and customizable settings make it suitable for both novice and experienced traders.
MT4
Quick view
Add to wishlist

MACD Crossover Arrows & Alert

Signal
The MACD Crossover Arrows Alert indicator is a useful and free forex indicator for the MT4 trading platform. This indicator is designed to detect and signal bullish and bearish moving average convergence-divergence (MACD) indicator crossover signals. It draws arrows on the chart to indicate the direction of the trend, making it easier for traders to identify trading opportunities. The MACD Crossover Arrows Alert indicator is a popular and free tool for Forex traders of all skill levels.
MT4
Quick view
Add to wishlist

SSL Channel Chart Alert

Signal, Trend
Better your forex trading with the SSL Channel Chart Alert Indicator. Seamlessly combining Moving Averages, it offers clear buy and sell signals for trend traders. Benefit from non-repainting signals and easy-to-use settings.
MT4
Quick view
Add to wishlist

Tick V2

Signal
The Tick V2 Indicator is a new and popular forex indicator designed specifically for the MT4 platform. The green curved line in the indicator window represents the ticking line and shows the rise and fall of trading activities taking place every second, helping traders to determine the strength or weakness of the current market movement.
MT4
Buy Sell Magi Indicator for MT4
Quick view
Add to wishlist

Buy Sell Magic

Signal
Rated 5.00 out of 5
Discover the Buy Sell Magic Indicator for MT4 - Precise signals for trading, suitable for all skill levels. Clear buy and sell cues adaptable exit points. It is ideal for shorter time frames during volatile London and NY sessions.
MT4
Quick view
Add to wishlist

MA Crossover Alerts

Signal
The MA Crossover Alerts Indicator is a popular and free forex indicator that signals potential trend changes by identifying when two moving averages cross each other. Indicator will generate an alert or notification to indicate that a potential trend reversal is imminent. It is easy to install and use, making it an excellent choice for both novice and experienced traders.
    Close
    Indicator Categories
    • Envelope Indicators 303
    • Helpers 405
    • Price Action 165
    • Signal 1110
    • Stochastic 1675
    • Support & Resistance 558
    • Trend 890
    • Volume 145
    • MT4 COLLECTION HOT
      • Top Rated
      • Top Downloads
      • Most Popular
      • New
      • Recommended
    • Trading Style
      • Beginner For Newbies
      • Scalping
      • Short-Term
      • Day Trading
      • Intraday
      • Swing
    • INDICATOR TYPE
      • Accurate
      • Leading
      • Reversal
      • Breakout
      • Sideways
      • Entry & Exit
      • Overbought & Oversold
      • Non-Repaint
    • CATEGORIES
      • Trend
      • Signal
      • Support & Resistance
      • Price Action
      • Stochastic
      • Envelope
      • Volume
      • Helpers
    • Timeframe
      • M1-M5
      • M15-M30
      • H1-H4
      • D1-W1
      • Multi Timeframe
    • Platform
      • MT4 Popular
      • MT5
    • USEFUL LINKs
      • Privacy Policy
      • Cookie Policy
      • Terms of Use
      • Disclaimer
      • About Us
      • Contact Us
    Logo-grayscale-transparent-720
    Unlock your trading potential with our powerful indicator library.

    Follow us:

    MT4COLLECTION.COM © 2024 All Rights Reserved.
    • Menu
    • Categories
    • Signal
    • MT4 Collections
    • Collection
    • Blog
    • About us
    • Contact us
    • Wishlist
    Sidebar
    We use cookies to improve your experience on our website. By browsing this website, you agree to our use of cookies.
    Accept