Sacred Chao - Signals from Trading Chaos, 2nd Edition
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Sacred Chao - Signals from Trading Chaos, 2nd Edition
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
The indicator shows:
An Alligator (Jaws, Teeth, Lips);
Bullish/Bearish Divergent Bars (1st Wise Man) that are closing completely below/above the Alligator (countertrend);
Bullish/Bearish Super AO Signal (2nd Wise Man), 3 same colored bars on the Awesome Oscillator (momentum);
Bullish/Bearish Fractals (3rd Wise Man) that are above/below the Teethline (trend);
Angulation Lines from Price crosses/peaks the Alligator to 1st Wise Man;
For Experts the Angulation is stored as deviation in Points per Bar in a buffer but not shown;
Trailing Lines based on highest high/lowest low on the last x bars;
For signals and trailing there is added an ATR value, modified by a factor
If you have questions, please read the code first, its well commented.
Atm there is not much errorcode, the user is responsible to set arguments that make sense.
