Extreme Spike Indicator
Real-time price-spike detection · MTF version available · Free · MT4
About Extreme Spike Indicator
The Extreme Spike Indicator, documented at theforexgeek.com and forexmt4indicators.com, is a MetaTrader 4 tool that detects abrupt shifts in market trends by identifying sudden price spikes in real time, using a dedicated algorithm to flag these events as they happen.
It generates clear buy/sell signals and can also help determine support/resistance levels from where spikes occurred. A multi-timeframe (MTF) version is also available, analysing several timeframes simultaneously to help identify potential reversals, continuation patterns, and entry/exit points with more context than a single-timeframe view.
- Platform: MetaTrader 4
- Type: Real-time price-spike detection indicator
- Variant available: Multi-timeframe (MTF) version
- Use case: Trend-shift detection, support/resistance identification
- Price: Free
- Source: theforexgeek.com · Extreme Spike Indicator MT4 - Free Download
Key Features
✓ Free and works across a wide variety of currency pairs
✓ MTF version adds cross-timeframe context for more reliable signal reading
⚠ The developer itself notes it can generate false signals — use additional confirmation tools before acting on a spike alert