The Boom Crash Spike Detector indicator for Metatrader 5 was mainly developed to trade boom and crash indices with great accuracy.
Boom and Crash are indices and include Boom 500, Boom 1000, Crash 500 and Crash 1000.
The indicator also works on all currency pairs and might be useful for scalping purposes, just try it!
The indicator gets displayed on the main MT5 chart as simple to use blue buy and red sell arrows.
The indicator combines support & resistance levels with moving averages, price divergence and price action strategies in a bid to predict the potential spike.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
Buy & sell signal:
- A new buy signal is given when the blue “Boom and Crash” arrow appears on the chart.
- A new sell signal is given when the red “Boom and Crash” arrow appears on the chart.
The indicator works equally well on all trading instruments displayed on the MT5 trading platform and shows promising results if used correctly.
Free Download
Indicator Example Chart (EUR/USD M15)
The picture below shows the Boom and Crash Spike Detector indicator in action on the trading chart.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 5 (MT5)
Currency pairs: Works for any pair and Boom and Crash indices
Time frames: Works for any time frame
Trade Style: Works for scalping and Boom and Crash trading
Input Parameters: How many bars to calculate on? Number of bars to seek high/low?, Percentage distance to consider new high/low? color settings & style
Indicator type: Crash & Boom
Does the indicator repaint? No.
