Spike Detector with SuperTrend MT5 is a trading system designed to help traders identify trend direction and potential spikes in the market. The system is based on several technical indicators, including Fischer, Stochastic, RSI, Min-Max indicator, Heiken Ashi smoothed, and Arrow Min Max. These indicators work together to provide traders with clear signals for entering and exiting trades.

The Spike Detector with SuperTrend MT5 is a type of price action and trend-following strategy that can be used for day trading and scalping. Traders can use this system on any time frame, from 1 minute or higher, and with any currency pairs, majors, minors, or indices.

Trading Rules To use the Spike Detector with SuperTrend Strategy MT5, traders should follow the following rules: 

Buy

  • Look for an alert of possible spike appearance.
  • Fischer begins to agree.
  • Stochastic begins to cross upwards.
  • RSI approaches level 30.
  • The blue bar of the Min-Max indicator shows us that the trend is important.
  • Heiken Ashi smoothed (blue) agrees with the main trend.
  • Arrow Min Max informs us that the main trend could change.
Sell

  • Look for an alert of possible spike appearance.
  • Fischer begins to agree (red bar).
  • Stochastic begins to cross downwards.
  • RSI approaches level 70.
  • The red bar of the Min-Max indicator shows us that the trend is important.
  • Heiken Ashi smoothed (red) agrees with the main trend.
  • Arrow Min Max informs us that the main trend could change.
Place the initial stop loss below/above the super trend line. Close the position at the opposite signal or at the level of support/resistance.

Expert Note At a time frame of 15 or higher, traders can use the spike indicator to enter the trend when the candle retraces near the super trend line. For confirmation, traders can use stochastic to insert in the template. The stochastic setting is (5,3,3, close).



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