Version:
1.0
Updated:
12 August 2024
Downloads:
46
A boom and Crash indicator for MT5 detects sudden market price changes. This is quite useful for those who are short-term traders who aim to realize a small profit in a short time. The Boom & crash indicator for MT4 detects the signs of a significant increase or decrease in asset price and warns traders so that they may take precautions or trade based on the provided information.
Before diving into the indicator, one should know the keywords and origin of the indicator name.
To explain, a Boom refers to a towering increase in asset price whereas a crash means a sharp leap in the asset’s price. Therefore, a boom & crash indicator detects the signs of these 2 actions and warns traders about the potential danger or profit that could take place. The danger refers to the decrease in asset price for the long-term traders and the profit refers to the potential benefit that could be realized from shorting the asset.
The Boom & Crash indicator is quite efficient if used smartly. Therefore, it is advised to use it for small time interval trading and not for long positions.
Trading using the boom & crash indicator is quite easy. The indicator displays a signal under a candlestick if it has detected a boom and another signal above the candlestick if it has a crash.
Therefore, traders should be careful while trading using this indicator. Also, they should examine the current trend before shorting or going long on a position.
To explain, if the indicator displays a signal below the candlestick during a downtrend, then it’s most probably a boom. Whereas if it displays a signal above the candlestick during an uptrend, then it is probably a crash.
1. Stabe version
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