Boom and Crash Spike Indicator Guide for MT4/MT5

The Boom and Crash Spike Indicator on MetaTrader5 can be an interesting tool for improving forex trading strategies.  It’s also compatible with MT4. However, to fully leverage its potential, it is crucial to first have a strong understanding of market trends and possess the discipline to follow chart analyses. The Boom and Crash Spike Detector Indicator can also be used on TradingView also. This indicator can help users make more informed trading decisions on Metatrader chart. In this guide, we will provide a detailed explanation of how to use this indicator.

Boom And Crash Spike Detector Indicator FAQ

What is Boom and crash Indicator ?

The Boom and Crash Spike Detector Indicator in MetaTrader 5 is a popular MT5 indicator that identifies potential spike entry signals in boom and crash indices. These entry signals are based on various parameters, including demand levels, moving averages, relative strength divergence, and price behavior. y integrating these tools, the Spike Detector provides an entry point for upcoming forex trades. Additionally, an icon is displayed prior to the spike zone to alert traders of a potential spike, facilitating timely decision-making.

However, it is important to note that these signals are not always accurate. The indicator is based on mathematical calculations, and the market can always move in unexpected ways. Therefore, it is important to use the Spike Detector in conjunction with other technical analysis tools and risk management strategies.

example

This  MT4 indicator contains a lot of good features, which include:

  • Spike Alert: This corresponds to a warning from 10 to 100 seconds before the spike.
  • Alert of continues spike: which corresponds to double and continuous spikes at the same time. 
  • Bigger timeframe trend
  • signal for swing trading.
  • Guarantee the fully Non-Repaint.
Illustration depicting how to read price spikes in a graph.
  • Don’t trade just because you have to trade. You have to ensure that the trade is worth taking. There are times when the Forex market is not following the Boom and Crash Spike Detector entries. 
  • The robot appears with highlighted Support & resistance levels with diverse colors and properties. So you can use a proper position size.
  • Search different patterns in the pair (ascending or descending triangles, wedges…), this helps you to take only good positions and provide the reliability of position.

How do you trade spikes boom and crash ?

In order to increase your probability of winning trades, you need to follow some rules and use them before you start using the Boom and Crash spike detector indicator.

So, these rules are as follow:

1. Observe the direction: Before using this indicator you need to ensure that the direction is in your favor. This means that the Boom 1000/500 should be in an upward direction and the Crash should be in a downward direction).

2. Price Action: To use the spike detector on Boom and Crash in its best way you need to know price action techniques. These techniques include:

  • If the price is rejected from a level several times, it is a sign that there is long-term potential in the position. So you should hold one of your positions for long-term and take into account the timeframe.

Download Boom and crash spike detector indicator for MT4

The Boom and Crash Indicator for MetaTrader 4 (MT4) is a technical tool that can be used to identify spikes in trading activity. The indicator is visualized as red and blue arrows within the MT4 platform. These arrows indicate potential boom and crash movements in the market.

The Boom and Crash Spike Detector Indicator is not a guaranteed way to make profits in the forex market. However, it can be a useful tool for identifying potential trading opportunities.  The indicator is availabe to download via Finansya app.

Screenshot demonstrating the process of using the Boom and Crash indicator on MT4.

Download Boom and crash spike detector indicator for MT5

The Boom and Crash Indicator for MT5 is a technical indicator that can be used to identify market spikes. The indicator is visualized as red and blue arrows within the MT5 platform. These arrows indicate potential boom and crash movements in the market. It is important to use the indicator in conjunction with other factors, such as fundamental analysis, to make informed trading decisions. The indicator is available to download via Finansya app.

Screenshot demonstrating the process of using the Boom and Crash indicator on MT5.

Conclusion

The Boom and Crash Spike Detector Indicator for MT4, which is also compatible with MT5 and TradingView platforms, helps to analyze price rallies and drops. 

it is a good idea to combine the Boom and Crash Spike Detector Indicator with other indicators, such as the RSI (Relative Strength Index) and moving averages. This will help to reduce the number of false signals and improve the accuracy of your trading decisions.

The RSI is a momentum indicator that measures the speed and magnitude of price changes. Moving averages are trend-following indicators that smooth out price data and identify the direction of the trend. They can be used to confirm the signals from the Boom and Crash Spike Detector Indicator.

By combining these indicators, you can get a more comprehensive view of the market and make more informed trading decisions.

Key takeaways

  • The boom and crash spike detector MT4 indicator is useful forex trading indicator as it defines potential spike entry signals.
  • It displays on your MT5 chart in form of arrows, these arrows show you different Booms and Crash signals.
  • You can add a supplement analysis to your chart to clarify the signals.
  • To make better results, you need to ensure that the direction is in your favor.
  • To increase your probability of winning trades, you need to follow the rules indicated above before starting using the Boom and Crash Spike Detector indicator in Tradingview chart.
  • If you are new to forex trading, it is a good idea to start with a demo account before you start trading with real money. This will allow you to practice trading without risking any of your own money.
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