Extreme Spike MTF Indicator [Free] - TFlab

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### **Extreme Spike MTF Indicator for MT4 – Advanced Volatility Detection**

The **Extreme Spike MTF Indicator for MT4** is a powerful oscillator designed to analyze multiple timeframes and detect sharp price spikes. This enables traders to identify **potential reversals, continuation patterns, and key entry/exit points** with precision.

### **Why Use the Extreme Spike MTF Indicator?**
**Identifies Market Peaks & Lows** – Detects excessive bullish and bearish spikes.
**Multi-Timeframe Analysis** – Works across multiple timeframes for enhanced accuracy.
**Pinpoints Entry & Exit Points** – Helps traders time their trades effectively.

Extreme Spike MTF Indicator (MT4):
https://tradingfinder.com/products/indi ... -download/

**Download the Extreme Spike MTF Indicator for MT4:**
[Download Here](https://cdn.tradingfinder.com/file/2593 ... b-v1-2.zip)

**Video Tutorial Available**
https://youtu.be/DVt2IXH32L4
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### **Indicator Overview**
**Category:** High Volatility – Oscillator – Price Action
**Platform:** MetaTrader 4 (MT4)
**Skill Level:** Intermediate
**Indicator Type:** Continuation – Reversal
**Timeframes:** Multi-Timeframe
**Trading Style:** Day Trading
**Markets:** Forex, Crypto, Stocks

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## **How the Extreme Spike MTF Indicator Works**
This indicator identifies **Major and Minor Spikes**, helping traders react to significant price movements.

**Red Spikes:** Bearish spikes, signaling strong selling pressure.
**Blue Spikes:** Bullish spikes, signaling strong buying pressure.

**Key Trading Signals:**
**Major Bearish Spikes (Red):** Often indicate potential **buying opportunities**.
**Major Bullish Spikes (Blue):** Often indicate potential **selling opportunities**.

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## **Trading with the Extreme Spike MTF Indicator**

**Bullish Signal – Buying After a Major Bearish Spike**
**Example: BTC/USD – Bitcoin vs. US Dollar**
When the indicator detects **red bearish spikes**, it suggests that selling pressure is weakening.
A potential price **reversal upward** may occur, making it a **buy opportunity**.
Traders should confirm with additional signals before entering a trade.

**Bearish Signal – Selling After a Major Bullish Spike**
**Example: GBP/JPY – British Pound vs. Japanese Yen**
When the indicator detects **blue bullish spikes**, it indicates that buying pressure is weakening.
A possible **downward price reversal** may follow, signaling a **sell opportunity**.
Additional confirmation is recommended before entering the market.

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## **Customization & Indicator Settings**

**Chart Theme:** Customize the background for better visibility.
**Timeframe:** Default is **0** (automatic selection).
**Repaint Off:** Option to disable repainting for more stable signals.
**Major Extreme ATR Factor:** Controls the length of major spikes (**Default: 2**).
**Major Minor Ratio:** Defines the ratio between major and minor spikes (**Default: 2**).
**Minor & Major Extreme Width:** Adjusts spike width settings.
**Spike Alerts:** Enable alerts for real-time spike detection.

**Can I customize the spike colors?**
Yes! You can adjust the colors to improve visibility and personalize your trading experience.

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## **Why Choose the Extreme Spike MTF Indicator?**
**Detects High-Impact Volatility Spikes** – Perfect for trading in fast-moving markets.
**Multi-Timeframe Compatibility** – Ideal for both short-term and long-term traders.
**Adaptable to Forex, Crypto & Stocks** – Works across different asset classes.
**Boosts Trading Accuracy** – Complements trend-following and momentum indicators.

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## **Final Thoughts**
The **Extreme Spike MTF Indicator for MT4** is a **powerful market volatility tool** that provides real-time insights and spike detection. Whether you're a **day trader, swing trader, or scalper**, this indicator enhances your ability to **spot trend reversals and optimize trade timing**.