Chaos Signal indicator refers to the so-called arrow indicators. This group of indicators, when appropriate conditions arise, gives an explicit signal about the possible direction of the transaction. There are no restrictions on trading instruments and timeframes in this tool. In addition, the Chaos Signal indicator is not redrawn, which certainly can be attributed to its advantages.
This indicator is available for download at the link below.
This analysis tool does not actually require any settings. For the trader, only a change in the design of the marks is available. You can choose the color and size of the circles and “palms.”
Opening trading orders.
Entrance to the market is carried out when appropriate signals appear.
If a green circle is formed on the chart, this means that the indicator recommends that the trader open a BUY order.
If a red circle appears on the chart, this means that the indicator gives a signal to open a SELL order.
“Palm” appears if the signal is formed at a local maximum or minimum. This information will be useful to determine the levels at which take profit and stop loss can be placed.
In addition to the lack of redrawing, Chaos Signal has another important advantage over other technical market analysis tools. It lies in the fact that the indicator delivers high-quality signals not only on the trend movement but also during flat periods.
In principle, this indicator is enough to build your trading system. But trading results can be improved if you add some filter to the TS. In this case, there will be fewer entries, but the percentage of profitable transactions will increase. You can use additional dial indicators as a filter to confirm the signals of this instrument. It also goes well with divergence indicators such as MASTORSICCI, MACD, and others. Examples of strategies implemented with the participation of Chaos Signal can be found in the Strategies section.
Download the Chaos Signal indicator from the button below
Tip: Can’t open the downloaded archive file (ZIP or RAR)?
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.