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Free Indicators
Purpose: Spot sudden momentum/ volatility spikes so you can catch early breakouts and intraday bursts. Visuals: Clear buy/ sell arrows and small signal markers on the chart when a spike condition appears. Use cases: Scalping and news‑driven markets; particularly effective on M1–M15. Markets: Works on Gold, FX, indices, and crypto. Approach: Designed to highlight the first impulsive move out of consolidation and the early continuation that often follows. Pairing: Works well with a simple trend bias (e.g., EMA slope) or a momentum filter like TRIX/MACD for confirmation. Compatibility: Indicator only (not an EA); built for MetaTrader 5.
The Spike Detector scans every new candle for abnormal range and acceleration—the telltale signature of smart‑money entries and liquidity runs. When a qualifying surge occurs, the indicator prints intuitive on‑chart arrows/dots so you can react quickly without staring at histograms or complex dashboards. The goal is simple: alert you to tradable impulses as they begin, not after the move is over.
Use it to time breakouts, break‑and‑retests, or the first pullback after an impulse. Many traders will align the arrow with a basic trend filter (for example, trade only in the direction of a rising EMA) and manage risk with tight stops under/over the spike origin. Because spikes can fade during low liquidity, forward‑test on your preferred instruments and sessions to learn where the tool performs best.
As with any indicator, results depend on execution and risk management. The Spike Detector does not execute trades—combine it with your strategy rules and always validate on demo before committing real capital.
