The Symphony Extreme Forex Signals indicator detects and displays extreme price reversal levels on the MT4 chart.
It’s composed of red and blue bars that appear in a separate MT4 window.
- A blue bar represents an extreme level to look for buy trades.
- A red bar represents an extreme level to look for sell trades.
It’s important to use the Symphony Extreme indicator together with other technical indicators to build a complete forex trading system.
Feel free to experiment with the different indicators’ input settings to suit your needs and preferences.
Free Download
Download the “! Symphonie Extreme Indicator v3 600__2.ex4” MT4 indicator
Indicator Chart (USD/JPY M5)
The USD/JPY 5-Minute chart below displays the Symphonie Extreme Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the Symphony Extreme MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Look for buy trade opportunities when the Symphonie Extreme indicator displays a blue bar below the main chart.
Place a stop loss below support or use your own preferred SL method.
Sell Signal: Look for sell trade opportunities when the Symphonie Extreme indicator displays a red bar below the main chart.
Place a stop loss above resistance or use your own preferred SL method.
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
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (price action filter, length, major cycle strength, use cycle filter, filter strength RSI, alerts) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: reversal signal
