Spike Fakeout Detector

PainX 400
FAKEOUT DETECTOR
MT5 Custom Indicator  ·  Sell-Side Bias  ·  Scalping  ·  RSI(6) Filtered

 

OVERVIEW
 
The Spike Fakeout Detector is a non repaint precision technical indicator built exclusively for Crash / PainX synthetic indices on the platform. It is engineered around one of the most consistent and exploitable patterns on this instrument — the false breakout above resistance followed by a sharp price drop.

Crash/PainX is a growing index that produces a significant price drop approximately once various ticks. In the lead-up to these drops, price frequently wicks above a key resistance level, trapping breakout buyers before reversing aggressively downward. This indicator identifies those moments in real time, giving sell-side traders a structured, rule-based edge on the timeframe.
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