Spike trader forex expert advisor is based on the idea of spike bars preceding movement in the opposite direction to the spike.
Spike indicator mt4. Bullish and bearish pin bars double bar high and lows outside bars inside bars. Forex binaryoptions teacha 48 570 views. The priceactionspikebar indicator is a great indicator if you like to take advantage of forex price action or binary options trading. 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.
Download our content for free unlock your true trading potential today. The world s largest database of metatrader 4 5 indicators systems ea s. How to install or add indicators meta trader 4 step by step if you already have indicators duration. Price action spike bar mt4 indicator.
Spyker forex signals indicator for metatrader 4. It s a multifunctional indicator that scans for the following patterns. Price action spike bar metatrader 4 indicator. Price action spike bar mt4 indicator trading rule 1.
Such price spikes are usually seen at the end of a trend or on price breakouts.
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