Spiker Pro

Spiker Pro

Spiker Pro

This indicator is specifically designed for all Weltrade Pain and Gain X (1200, 999,800,600 & 400) indices. The indicator targets spikes for Gain and Pain X indices. The indicator allows selection of higher timeframe indicator filters to target Gain X spikes in uptrend and Pain X spikes in a downtrend, and also the user can input exit point/bars for delayed spikes. 

KEY FEATURES

• Works on MT5
• Non-lagging indicator.
• Non-repaint.
• Enable/disable alerts and notification options.
• Trend filter.
• Exit point/bars selection input for delayed spikes
• Exit signals for delayed spikes
• Chart timeframe (specifically 1 minute but can also work on 2 min, 3min,4 min & 5min).
• Signal analysis Comment Display
• Buy and Sell signals alerts
• One Grid Buy and Grid Sell signal alerts and notifications
• Exit signals alerts and notifications

HIGHER TIMEFRAME FILTER TYPES

§ HTF Parabolic Sar Indicator

§ HTF Two Moving Average Indicators

§ HTF Heiken Ashi Indicator

§ (These higher timeframe indicators are also combined together and the user can select the filter type they want).

CURRENT TIMEFRAME FILTER TYPES

§ Stochastic Oscillator which provides entry signals

§ Parabolic Sar which filters the stochastic oscillator signals on current chart timeframe

NB: PLEASE DISABLE HISTORICAL SIGNALS FOR FASTER BACKTEST.THE INDICATOR USES HIGHERTIMEFRAME INDICATOR DATA TO FILTER SIGNALS ON LOWER TIMEFRAME CHART THEREFORE THE INDICATOR MAY BE A LITTLE BIT SLOW.

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!! NOT ALL SIGNAL ARE GOOD, PROPER RISK MANAGEMENT IS REQUIRED TO ARCHIEVE BETTER RESULTS