Spike Hunter MT5

Spike Hunter mt5

Spike hunter is an indicator designed for trading spike indices, including Boom, Crash, PainX,GainX, Spike Up and Spike Down markets. The indicator is built to identify potential spike opportunities while using filtering conditions to help eliminate weaker or less significant signals. Rather than simply detecting every large candle, Spike Hunter analyzes the surrounding market conditions and applies configurable trend, entry  filters to produce more selective spike signals.

REFERRED SPIKE TIMEFRAME [M1-M5]

 Key Features

  • Trend Filter Timeframe
Select the timeframe used for filter analysis independently from your current chart timeframe. This allows higher-timeframe conditions to be used while trading on lower timeframes.

  • Trend Filter
The trend filter helps determine whether the current market environment meets the required conditions for a spike setup. Users can adjust the Trend Filter Step and Trend Filter Max.

  • Entry Bar
Control how many bars are considered when evaluating potential spike setups.

  • Exit Bars [x StopLevelPts]
Configure the exit-distance calculation using the selected number of bars which is then multiplied with stop-level points of the index.

  • Customizable Signals
Choose your preferred signal color and font size directly from the indicator settings.

  • Alerts & Push Notifications
Enable on-screen alerts and optional push notifications when a new spike signal is detected.


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