OPEN-SOURCE SCRIPT
Spike EA Trade Indicator
Spike EA Trade Indicator is a simple price-action signal tool inspired by an MT4/MT5 expert advisor logic.
The script detects spike candles by measuring the range between the high and low of a selected previous bar. If the range is greater than or equal to the configured threshold, the candle direction is used to generate a signal. A bullish spike candle produces a buy signal, while a bearish spike candle produces a sell signal.
The default settings are designed around USDJPY on the 15-minute chart. The default spike threshold is 0.5 with a price unit of 1.0, which represents approximately a 0.5 yen candle range on USDJPY.
This indicator displays visual buy and sell signals only. It does not execute trades and does not provide backtesting results.
This script is intended for chart analysis, research, and educational purposes only.
It does not guarantee future performance and should not be considered financial advice.
Please test carefully before using it in any trading decision.
The script detects spike candles by measuring the range between the high and low of a selected previous bar. If the range is greater than or equal to the configured threshold, the candle direction is used to generate a signal. A bullish spike candle produces a buy signal, while a bearish spike candle produces a sell signal.
The default settings are designed around USDJPY on the 15-minute chart. The default spike threshold is 0.5 with a price unit of 1.0, which represents approximately a 0.5 yen candle range on USDJPY.
This indicator displays visual buy and sell signals only. It does not execute trades and does not provide backtesting results.
This script is intended for chart analysis, research, and educational purposes only.
It does not guarantee future performance and should not be considered financial advice.
Please test carefully before using it in any trading decision.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.