I recently found this indicator and found it kinda kooky so i watched it now its my main indicator
I has an uncanny knack for filtering out flat markets and showing a breakout
up or down
I have only used it on lower time frames and the default seems to work well on 5 min charts EURUSD especially so I wanted to share it
Xaosexplorer is the original is by Edward Samokhvalov
My modified version is by me
XaosExplorer_PerkyMod.mq4 (both posted)
Just wanted to share it with the forum
The Breakout lines are variable from the inputs tab - setting I have found good are for 5 min and may have to be adjusted for larger tfs
if the green dots appear - consider long (buy)
if the red dots appear - consider short (sell)
there is no exit just go for 5-10 pips
Normally go for 3pips / night thats 15 pips a day
Unless you are more experienced and can "ride" the trade
posting another indicator that may help with getting in.
Thanks to who ever postd this little gem......
I'll post a chart in a minute
Linear Mode
