Introducing chaos Oscillator Forex trading indicator. This indicator is very simple and usable on any financial instrument. It can be used by traders at all levels either alone for making trading decisions or combine with another indicator for accurate trading signals. You can both combine this indicator with moving averages or the parabolic SAR in spotting signals and validate them using Chaos Oscillator. You have a full trading system whenever you’ve taken to consideration; volatility, trend direction and momentum of the market, which means as a trader, you can actually try many indicators as long as they address what makes a trading system.
Download and Install Chaos Oscillator, your platform should look like this.
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The Chaos Oscillator has two vertical lines with color brown and blue. The brown bars indicate a down trending market and the blue bars indicate an up trending market. In the process of trading, most traders would first identify the trend of the market before taking actual trades then confirm a trade, for example, confirm a bear trade if the market is down trending and the color of the indicator is brown. This is actually the very best oscillator you can find out there, money which can be made depends on the trader.
Conditions For Buying Using Chaos Oscillator.
- The market should be bullish.
- The market should be testing the most recent swing low.
- The Chaos Oscillator should show blue lines.
- Place a buy position as soon the above conditions are met.
- Place your stop loss just below the recent swing low or entry bar.
- Take your profit when the bars turn dark brown.
Conditions For Selling Using Chaos Oscillator.
- The market should be bearish.
- Prices should be testing the most recent swing high.
- Chaos Oscillator should show brown lines.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the bars turn blue.
Download Free Forex Chaos Oscillator Indicator
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