The Extreme Spike Indicator is a useful and popular free MT4 Forex indicator that is used by traders to identify extreme price spikes. This indicator is designed to help traders identify and capitalize on high-probability price movements. The indicator works by analyzing price data and using mathematical algorithms to detect when the price of a currency pair is about to experience an extreme price spike. The indicator then alerts the trader to this upcoming price movement, allowing them to capitalize on the opportunity. The Extreme Spike Indicator is a powerful tool for traders looking to capitalize on short-term price movements. The indicator works by analyzing price data and using advanced mathematical algorithms to detect when the price of a currency pair is about to experience an extreme price spike. The indicator then alerts the trader to this upcoming price movement, allowing them to act quickly and capitalize on the opportunity. The Extreme Spike Indicator is a powerful and useful tool for traders looking to capitalize on short-term price movements. The indicator is free, easy to use, and can be implemented in any MT4 trading platform. With the Extreme Spike Indicator, traders can capitalize on short-term price movements and take advantage of high-probability opportunities.
MT4
Extreme Spike
The Extreme Spike Indicator is a useful and popular free Forex indicator for MT4 traders. The indicator works by highlighting the spikes in price action on the chart, and it can be used to identify potential entry points for trades. The indicator can be used to determine the direction of the market, and when the price spikes occur, it can be used to identify potential entry and exit points. The indicator is easy to use and provides traders with valuable information that can be used to make informed decisions.
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Categories: Signal, Stochastic
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
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.
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