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

Attached Files

	XaosExplorer.mq4 (5.0 KB, 477 views)
	XaosExplore_PerkyMod.mq4 (5.0 KB, 499 views)
	Rads MTF HAS Bar A.mq4 (8.7 KB, 382 views)

Heres a chart


Interested in comments good or bad

And anyother indicators you might think aid in its use



its nice its k.i.s.s

Attached Images

chart.gif (26.2 KB, 1546 views)

doh!!!

that was 1 one hour chart (me bad - sorry)

5 min below

Attached Images

chart.gif (25.0 KB, 1514 views)

Thanks,it sure looks interesting!

That's a 15m chart.

Lux

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hi, Perky, maybe flip it (upside/down)?

I thought about flipping it!!


I kinda like it shows overbought oversold that way


3rd time lucky on the 5 min chart 0 sigh sorry

ok finally the 5 min chart
kinda late here

Attached Images

chart.gif (26.2 KB, 1444 views)

why you don't want dots in the middle?
could be a good thing - gives a value in data window and visual around levels

thanks PErky ...in a minute will be interesting

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