Extreme Spike Indicator V1 MT5 – Free Volatility Spike Detector- FREE DOWNLOAD

By: Sayan

Published on: May 21, 2025

Introduction

Ever miss a sudden price blast… only to see your chart light up seconds later? Frustrating, right? The Extreme Spike Indicator V1 MT5 from YoForex is here to save you from FOMO. This free MT5 indicator spots sharp volatility spikes in real time, so you’ll know the instant price starts to roar—no lag, no repaint, no regrets. Whether you scalp the 1-minute or swing on the H4, this tool gives you crystal-clear alerts and color-coded bars that scream “spike incoming.” And did I mention it’s totally free on MQL5.software? No trial periods, no hidden fees—just pure spike detection power.

Overview

The Extreme Spike Indicator V1 MT5 is built in pure MQL5 for optimized performance on MetaTrader 5. Its core algorithm measures sudden expansions in volatility by comparing real-time ATR bursts against a dynamic threshold. When the market moves faster than normal—be it news-driven blasts or algorithm-triggered runs—the indicator flags the spike instantly, printing custom arrows and changing bar colors for maximum clarity.

Key things you’ll love:

Works on any symbol—FX majors, commodities, indices, crypto.

Multi-timeframe support: M1, M5, M15, H1, H4, Daily.

Zero repaint logic: once a spike is flagged, the signal stays locked.

Lightweight code (<7 KB) won’t bog down your MT5 terminal.

New to MT5 indicators? Check out our MT5 Indicators Guide for setup tips, or pair it with the Order Blocks All In One Indicator V1.08 MT5 for trade confluence.

Key Features

• + Real-Time Spike Alerts: Pop-ups, emails, push notifications on sudden volatility bursts
• + Color-Coded Bars: Red for bearish spikes, green for bullish spikes—instant visual clarity
• + Custom Thresholds: Adjust ATR multiplier and look-back period to suit your style
• + Multi-Symbol & Multi-TF: Attach it anywhere; it auto-detects symbol and timeframe
• + Noise Filter: Ignores minor blips; only flags true market surges
• + Arrow & Line Markers: Shows spike origin and end, helping you define entry/exit zones
• + Session Filter: Enable/disable for specific trading sessions (Tokyo, London, New York)
• + Non-Repainting: Signals remain on chart—backtesting is rock-solid
• + Low CPU Footprint: Runs smoothly alongside EAs and other indicators
• + 100% Free: No subscription; download on MQL5.software

Backtest Results & Proof

We tested the Extreme Spike Indicator V1 MT5 on EURUSD M5 from Jan 2021 to Dec 2024 (over 50,000 bars). When configured with an ATR multiplier of 2.0 and a look-back of 14, it flagged an average of 4 spikes per day, catching major London open runs and US news bursts.

How to Install & Configure

Download the Extreme Spike Indicator V1 MT5 from its MQL5.software page.

Copy the ExtremeSpike_v1.mq5 (or compiled ex5) file into your MQL5/Indicators folder.

Restart MetaTrader 5 or click “Refresh” in Navigator.

Drag & Drop the indicator onto your chosen chart.

Adjust Inputs:

ATR_Period (default 14)

ATR_Multiplier (default 2.0)

Session_Filter (e.g. “London, NewYork”)

Alerts_On (true/false)

Save a template for easy reuse across symbols/timeframes.

Why Choose YoForex-Powered Tools?

YoForex has been crafting free, high-quality trading tools since 2018. We believe in transparency—no trial walls, no upsells—just community-driven updates and proven performance. When you download an indicator like Extreme Spike, you join thousands of traders who share insights, suggest tweaks, and help each other improve. We even roll out monthly updates based on user feedback to keep you ahead of changing market regimes.

Support & Disclaimer

Hit a snag? Have a suggestion? Ping us on WhatsApp at https://wa.me/+443300272265 or join our Telegram group: https://t.me/yoforexrobot. We’re traders too, so response times vary—but we’ll help you out ASAP.

Disclaimer: Past performance is no guarantee of future results. Always demo-test before going live, and trade responsibly—never risk more than you can afford to lose.

Call to Action

Ready to catch every sudden market move? Download Extreme Spike Indicator V1 MT5 free on MQL5.software today, attach it to your charts, and start spotting volatility spikes like a pro. Support’s just a click away—so dive in and stay one step ahead!