Extreme Peaks Indicator Download for MetaTrader 5 - Free - [Trading Search] - MT4/MT5 Resources

The Extreme Spikes Indicator uses Average True Range (ATR) along with precise calculations to detect significant market moves and predict potential trend reversal points.

MetaTrader 5 (MT5) represents downtrend reversal points blue and uptrend reversal points red , allowing traders to react quickly to these points and make more informed trading decisions.

Extreme spike indicator table

Indicators at a glance

The Extreme Spikes Indicator is an effective tool for identifying severe market fluctuations . It is performed using the following method to calculate the ATR (Average True Range) indicator and displays two categories of candles with extreme volatility: primary spikes and secondary spikes , in the Metatrader5 platform Oscillator window.

This tool helps traders detect dramatic price movements and perform more precise analysis based on these movements.

Downspike and Uptrend

On the 4-hour GBP/USD chart, the Extreme Spikes indicator identifies a sharp spike and displays it in the blue oscillation window following a downtrend. Traders can use this signal as an entry or exit point for their trades.

uptrend and downtrend

On the 4-hour S&P 500 chart, the Extreme Spikes indicator uses the following method to identify significant rising spikes based on ATR calculations , giving a sell signal. This alerts traders to a potential change in market direction, and the market then enters a downtrend.

Extreme spike indicator settings

• No redraw: Prevents the indicator from redrawing.
• Minor Minimum Limit Height ATR: Defines how many times the candlestick length should exceed ATR to be considered a minor peak.
• Major to Minor Height Ratio: Sets the ratio of the major peak candlestick length to the minor peak candlestick length.
• Minor Minimum Limit Width: Defines the number of candles for which the minor spike remains valid.
• Major Minimum Limit Width: Defines the number of candles for which the major peak remains valid.
• Alert Major Bottoms Enabled: Enables alerts for major downward peaks.
• Alert Major Top Enabled: Enables alerts for major upward spikes.
• Alert Minor Top Enabled: Enables small upward spike alerts.
• Alert Minor Bottom Enabled: Enables small downward spike alert.
• Alert Stabilization Enabled: Enables alerts for all stable spike candlesticks.

generalize

The Extreme Spikes Indicator is suitable for traders looking to identify trend reversal points on price charts. This MT5 Volatility Indicator provides alerts on swing points and potential trend reversal areas, helping traders make timely decisions and improve trading strategies.