Spike Indicator Mt4
Forex binaryoptions teacha 48 570 views.
Spike indicator mt4. Each bar s price spike is plotted by the silver colored signal line. Bullish and bearish pin bars double bar high and lows outside bars inside bars. When the price action spike bar shows a smiling face above a pin bar you should open a short position sell and when the smiling face appears below a pin bar you should consider the long position buy.
Such price spikes are usually seen at the end of a trend or on price breakouts. Download our content for free unlock your true trading potential today. How to install or add indicators meta trader 4 step by step if you already have indicators duration.
The priceactionspikebar indicator is a great indicator if you like to take advantage of forex price action or binary options trading. It s a multifunctional indicator that scans for the following patterns. Price action spike bar mt4 indicator trading rule 1.
Spike trader forex expert advisor is based on the idea of spike bars preceding movement in the opposite direction to the spike. The spyker indicator for metatrader4 is a technical study that is used in identifying sudden price jumps or spike bars on the activity chart. The world s largest database of metatrader 4 5 indicators systems ea s.
This ea was inspired by the trading strategy described in may 2012 issue of currency trader magazine.
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