The Haos Visual Signal Generator indicator for Metatrader 4 is an advanced forex trading oscillator with great signals that works for any currency pair.
The Haos oscillator deploys two extreme values, -50 and 50.
- Above the zero line level, the trend is bullish
- Below the zero line level, the trend is bearish
The Haos Visual Signal Generator deploys different price histogram bar colors: blue, orange and green.
It also has a light brown signal line that fluctuates between the two extreme values.
The signal line can be used to buy on dips in an uptrend or to sell on rallies in a downtrend.
How it works?
For buy on dips: First and foremost, the price histogram bar has to be bullish (above the zero line). Then the light brown signal line crosses back above -50 from below. This creates a buy on dips signal.
For sell on dips: First and foremost, the price histogram bar has to be bearish (below the zero line). Then the light brown signal line crosses back below 50 from above. This creates a sell on rallies signal.
This indicator fits all trading styles including scalping, day trading and swing trading.
Free Download
Download the “haos-visual.ex4” MT4 indicator
Indicator Chart (GBP/USD H1)
The GBP/USD Hourly chart below displays the Haos Visual Signal Generator Metatrader 4 Forex indicator in action.
Basic Trading Signals
Signals from the Haos Visual Signal Generator MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Initiate a long trade when the price histogram bars are aligned above the zero line.
Sell Signal: Initiate a short trade when the price histogram bars are aligned below the zero line.
Trade Exit: Close the open buy/sell forex position when an opposite signal occurs, or use your own method of trade exit.
Download Now
Download the “haos-visual.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (T3 period, T3 period 2) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Trend oscillator
