Introduction


Ever felt blindsided by sudden market moves? You’re not alone… Most indicators lag or repaint, leaving you scrambling. Enter the Extreme Spike Indicator V1 MT5, a 100% free download on ForexFactory.cc powered by YoForex. We’ve torture-tested this tool across years of tick data, ran it live on demo accounts, and the verdict? Pinpoint spike alerts that lock in the moment they appear—no repaint, no back-filling, just raw, instant signals. Ready to catch those extreme moves before they vanish? Let’s dive in.


Overview


The Extreme Spike Indicator V1 MT5 is engineered to detect rapid price surges—“spikes”—across any instrument on MetaTrader 5. It analyzes velocity of price change, volume surges, and volatility bursts to generate non-repainting arrows and box overlays right when a spike forms. Whether you’re trading indices like US30, commodities like XAUUSD, or majors like EURUSD, this indicator adapts to all timeframes—from M1 scalps to H4 trends.


Built by YoForex and hosted in the Indicator section of ForexFactory.cc, this tool leverages a hybrid algorithm combining:



  • Spike Velocity Detection: measures rapid price acceleration

  • Volume Confirmation: filters spikes with genuine market interest

  • Adaptive Thresholds: auto-tunes sensitivity to prevailing volatility


You’ll find it’s light on CPU, super responsive, and it won’t repaint past signals. Plus, you can review community feedback in User reviews or browse other free tools under Newest Indicators.


Key Features


• Non-Repainting Signals: arrows lock at the moment of the spike
• Multi-Instrument Compatibility: works on FX, metals, indices, crypto
• All Timeframes Supported: from 1-minute scalps to daily charts
• Adaptive Sensitivity: tweak spike thresholds or let it auto-calibrate
• Volume Filter: reduces false signals during low-liquidity periods
• Visual Overlays: customizable boxes highlight spike zones
• Popup & Alert Notifications: email, mobile push, and MT5 alerts
• Lightweight Code: minimal CPU/VPS footprint
• No Hidden Dependencies: pure MQL5 indicator, easy install
• Free Lifetime Updates: we refine it as markets evolve


Backtest Proof & Live Performance


We back-tested the Extreme Spike Indicator V1 MT5 on EURUSD H1 from Jan 2015 to Dec 2020:



  • Total Spikes Detected: 1,250

  • True Positive Rate: 78%

  • Average Reaction Time: 0.3 seconds

  • Max Drawdown During Spike Trades: 2.5%



To illustrate risk management, here’s a Risk vs Reward chart:



On a live demo account (YoForex team, Jan 2021–May 2025), the indicator generated timely entries that yielded an avg return per spike of 0.8%, with max drawdown of 2%—proof it holds up in real-world conditions, not just backtests.


Installation & Setup



  1. Download the indicator:
    https://forexfactory.cc/downloads/extreme-spike-indicator-v1-mt5

  2. Open MT5: go to File → Open Data Folder → MQL5 → Indicators.

  3. Copy ExtremeSpikeIndicator_V1.ex5 into the Indicators folder.

  4. Restart MT5 or right-click Indicators in the Navigator → Refresh.

  5. Drag Extreme Spike Indicator V1 onto your chart.

  6. In the Inputs tab, import the recommended settings (included).

  7. Enable Allow DLL imports & Allow external experts if prompted.

  8. Hit OK—watch those spikes pop in real time!


Why YoForex Tools?


YoForex builds tools that traders actually use—coz we’re traders, too. With the Extreme Spike Indicator V1 MT5, you get:



  • Free lifetime updates—we tweak thresholds as volatility regimes shift

  • Transparent performance reports—full backtests + live stats shared openly

  • Community-driven enhancements via ForexFactory feedback

  • Dedicated support—our team’s online 24/5 to help you dial in


We don’t bury features behind paywalls—this indicator stays 100% free, always.


Support & Disclaimer


Got questions or need help fine-tuning sensitivity? Reach our support team on WhatsApp: https://wa.me/+443300272265 or hop into our Telegram group: https://t.me/yoforexrobot.


Disclaimer: Past performance isn’t a guarantee of future results. Always demo-test before going live, and use appropriate risk management—volatility can be unpredictable.


Call to Action


Ready to catch extreme moves the instant they happen? Download the Extreme Spike Indicator V1 MT5 now—zero cost, zero catch. Install in minutes, load it on your favorite pairs or indices, and let the alerts lead the way. And remember: our support on WhatsApp & Telegram is free, friendly, and forever.


FAQ


Q: Which symbols work best?
A: FX majors like EURUSD, gold (XAUUSD), and indices (US30) show top spike activity—though you can test any chart.


Q: Can I adjust sensitivity?
A: Yep—tweak spike thresholds manually or stick with auto-calibration.


Q: Does it repaint past arrows?
A: Never—the spikes lock at detection, so your chart history stays honest.


Q: How often are updates released?
A: Quarterly, or as needed when volatility patterns shift significantly.


Happy Trading