XaosExplorer indicator - Very Nice Scalp tool

[Perky]

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

[Perky]

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

[Perky]

doh!!!

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

5 min below

[Vlad Vahnovanu]

Thanks,it sure looks interesting!

[luxinterior]

Perky:
doh!!!

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

5 min below

That's a 15m chart.

Lux

[fxbs]

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

[Perky]

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

[Perky]

ok finally the 5 min chart

kinda late here

[fxbs]

why you don't want dots in the middle?

could be a good thing - gives a value in data window and visual around levels

[prasxz]

hi

thanks PErky ...in a minute will be interesting

===================

Forex Indicators Collection

[fxbs]

just 4 test how it feels (4 the hellofit)