About the Symphonie Extreme Indicator
The Symphonie Extreme Indicator is a specialized technical tool designed to pinpoint major exhaustion levels in the forex market.
Unlike standard trend-following tools, this indicator focuses on identifying “extreme” price zones where a reversal is highly probable.
It operates within a separate window below the main price chart, displaying a series of vertical bars that change color based on market pressure.
By analyzing price spikes and volatility, it alerts traders to moments when the current move has likely reached its limit.
This indicator is a core component of the broader Symphonie trading system, which emphasizes the alignment of multiple market forces.
The primary benefit of using this tool is its ability to filter out minor fluctuations and focus only on significant turning points.
It helps traders avoid the common mistake of entering a trend too late when the momentum is already fading.
While it can be used on its own for quick scalp trades, it provides the most value when used to confirm entries near key technical levels.
Free Download
Download the “! Symphonie Extreme Indicator v3 600__2.ex4” MT4 indicator
Key Features
- A visual bar system that simplifies the identification of overextended market conditions.
- Specific color coding with blue bars for bullish reversals and red bars for bearish reversals.
- Separate window display to keep the main price chart clean and easy to read.
- Responsive algorithm that tracks price spikes in real-time across various timeframes.
- Effective utility as a standalone signal provider or as a filter for larger trading systems.
Indicator Chart
The Symphonie Extreme Indicator chart features a dedicated sub-window where bold vertical bars appear during market extremes.
A blue bar popping up suggests that the price has hit a significant low and a buy reversal may be imminent.
Conversely, a red bar indicates the price has pushed to a significant high, signaling a potential sell-off.
Guide to Trade with Symphonie Extreme Indicator
Buy Rules
- Monitor the indicator window for the appearance of a solid blue bar.
- Wait for the blue bar to fully close to ensure the reversal signal is confirmed.
- Look for price action confirmation, such as a bullish pin bar or engulfing candle.
- Enter a buy position at the open of the following candle once all conditions align.
Sell Rules
- Watch the indicator window for the emergence of a solid red bar.
- Confirm that the red bar remains visible at the close of the current timeframe.
- Check the main chart for bearish rejection at a known resistance level.
- Initiate a sell trade at the start of the next candle after the red signal is locked.
Stop Loss
- For buy trades, place your stop loss a few pips below the recent swing low.
- For sell trades, position your stop loss slightly above the most recent swing high.
Take Profit
- Set your first profit target at the next major horizontal support or resistance zone.
- Consider exiting the trade when the opposite colored bar appears in the indicator window.
- Aim for a minimum risk-to-reward ratio of 1:2 to maintain long-term account growth.
Symphonie Extreme + Trend Power MT4 Forex Strategy
This MT4 strategy combines the Symphonie Extreme indicator with the Trend Power indicator to create a high-probability trading method.
Symphonie Extreme identifies market extremes where reversals are likely, while Trend Power confirms the direction of momentum.
The combination of extreme zone detection and trend confirmation helps traders enter trades with a higher chance of success.
This strategy works well on M15, M30, and H1 charts and is suitable for intraday and swing traders who want structured entries and exits.
Buy Entry Rules
- Wait for Symphonie Extreme to print a blue bar, indicating an extreme oversold zone.
- Confirm that Trend Power shows a blue line signaling bullish momentum.
- Enter a buy trade at the close of the confirmation candle.
- Place a stop loss below the recent swing low. On M15 use 10–25 pips, on M30 or H1 use 20–35 pips.
- Set a take profit between 20–40 pips on M15 or 40–70 pips on M30/H1, or trail using structure highs.
Sell Entry Rules
- Wait for Symphonie Extreme to print a red bar, indicating an extreme overbought zone.
- Confirm that Trend Power shows a red line signaling bearish momentum.
- Enter a sell trade at the close of the confirmation candle.
- Place a stop loss above the recent swing high. On M15 use 10–25 pips, on M30 or H1 use 20–35 pips.
- Set a take profit between 20–40 pips on M15 or 40–70 pips on M30/H1, or trail using structure lows.
Advantages
- Combines extreme zone detection with trend confirmation for higher accuracy.
- Clear visual signals that are easy to follow.
- Works on multiple timeframes and currency pairs.
- Reduces false signals during consolidations.
- Helps traders time entries and exits more effectively.
Drawbacks
- Not ideal for low volatility or thinly traded currency pairs.
- Performance may vary between currency pairs.
Example Case Study 1
During the London session on EURJPY M15, the pair had been moving lower but showed signs of exhaustion.
Symphonie Extreme printed a blue bar indicating an oversold condition.
A few candles later, Trend Power turned blue, confirming bullish momentum.
A buy trade was entered at 159.88 with a stop loss at 159.70.
The market pushed higher steadily, reaching the take profit at 160.25, gaining 37 pips.
The indicators stayed aligned, and the trade remained smooth without retracing to the stop loss.
Example Case Study 2
On GBPCHF M30 during early London, the pair moved into a resistance zone and printed a red bar on Symphonie Extreme, signaling an overbought condition.
Trend Power then turned red, confirming bearish momentum.
A sell trade was placed at 1.1260 with a stop loss at 1.1280.
Price moved down steadily and reached the take profit at 1.1225, gaining 35 pips.
Strategy Tips
- Look for confluence with support and resistance levels to improve trade accuracy.
- Use higher timeframes to identify the overall trend before entering trades on M15 or M30.
- Consider scaling out of positions in partial lots to lock in profits during volatile moves.
- Avoid trading when Symphonie Extreme bars appear frequently without Trend Power confirmation, as this indicates weak momentum.
- Use a trailing stop to protect profits if the trend continues strongly beyond the initial target.
- Monitor the spread and avoid entering trades with unusually high spreads or during low liquidity periods.
Download Now
Download the “! Symphonie Extreme Indicator v3 600__2.ex4” Metatrader 4 indicator
FAQ
Can I use the Symphonie Extreme Indicator on gold and indices?
Yes, the indicator is effective on non-forex assets as long as there is sufficient liquidity.
It is particularly useful for identifying exhaustion in fast-moving markets like gold or the US30 index.
Should I use this tool during high-impact news events?
Caution is advised during major news releases, as extreme spikes can occur frequently.
It is often better to wait for the initial news volatility to settle before taking a signal from the indicator window.
Summary
The Symphonie Extreme Indicator is an excellent addition to any trader’s toolkit, especially for those who specialize in reversal strategies.
Its visual simplicity makes it accessible for newer traders, while its focus on extreme volatility provides the technical depth needed for more experienced users.
To maximize its potential, you should focus on trades that align with higher-timeframe trends and avoid using it in low-volume market conditions.
