What is the Chaos Oscillator Indicator for MT4?

The Chaos Oscillator Indicator is a tool that helps traders understand the state of a particular market by analyzing how its price and volatility are changing over time. It is often used to identify an underlying trend or if the market is experiencing random fluctuations in price. The indicator uses a series of values (known as indicators) calculated based on historical data to indicate how the market may be moving. These values can be plotted on a chart to give traders an idea of what might happen next.

Chaos Oscillator Indicator

Download the Free Chaos Oscillator Indicator

How to use the Chaos Oscillator Indicator for MT4?

The Chaos Oscillator is an indicator used to identify the presence of high levels of volatility in a given market. It is beneficial for identifying periods of intense price movement and investor uncertainty. The indicator is calculated using a formula that considers the differences in the price of a given currency pair over time. This value can then be plotted on a chart to indicate market volatility. To use the Chaos Oscillator, you need to enter the current values (in pips) for the two currencies involved in the trade and watch the indicator to see if it starts to oscillate.

The most common uses for this indicator are to identify opportunities for short-term profits or to gauge if there is enough fear in the market before making a long-term investment decision.

Chaos Oscillator Indicator MT4 trading settings

Trading with the Chaos Oscillator involves setting up three trading parameters: period, amplitude, and phase. The period specifies how often the indicator will calculate a new value. The longer the period, the more frequently it will calculate new values of the hand. The amplitude specifies how much of a price change is needed for the hand to change from one value to another. For example, if you set an amplitude of -10%, then a 10% change in the value of the underlying currency will cause it to move from one point on its chart to another.

The phase parameter can be adjusted to indicate whether lagging or leading indicators are more influential during different phases of the overall trend. A leading indicator shows that a particular direction is likely to continue, while a lagging hand suggests that a specific order may end.

Chaos Oscillator Indicator Advantages

Advantages: The Chaotic Oscillator can identify potential market volatility and help time trades or determine which currencies are likely to rise or fall in value. It can also be beneficial in analyzing historical data and identifying patterns in price movements. The indicator can help traders decide which currencies to invest in or trade.

Chaos Oscillator Indicator Disadvantages

However, like any other indicator, the Chaos Oscillator has its disadvantages. For example, it can sometimes be challenging to interpret and result in inaccurate predictions. Additionally, it can be influenced by various external factors, such as news or market movements. Thus, some traders prefer traditional methods, such as technical or fundamental analysis.

CO Indicator installation on MT4

To install the Chaos Oscillator Indicator on MT4 (MetaTrader 4), follow these steps:

  1. Download the indicator file: Before installing the Chaos Oscillator Indicator, download the .ex4 file from a reputable source. You can find the file on forums, marketplaces, or other websites specializing in MT4 indicators.
  2. Please save the file: After downloading the .ex4 file, save it to your computer in a location you can easily find.
  3. Open MT4: Launch MT4 and log in to your account.
  4. Navigate to the “Indicators” folder: To access the indicators folder, click on “File” in the top-left corner of the platform, and then click on “Open Data Folder.” This will open the MT4 file explorer, and you should see a folder called “MQL4” and inside that a folder called “Indicators.”
  5. Copy the indicator file: Copy the .ex4 file you saved earlier and paste it into the “Indicators” folder.
  6. Restart MT4: After copying the file, close MT4 and re-launch it.
  7. Attach the indicator to a chart: To attach the Chaos Oscillator Indicator to a chart, right-click on the chart and select “Indicators” from the drop-down menu. Scroll down to the custom indicators section, select the Chaos Oscillator Indicator, and click “Attach to the chart.”
  8. Customize the indicator: Once the needle is attached to the chart, you can customize its settings to suit your needs. To do this, right-click on the chart and select “Indicator List.” Select the Chaos Oscillator Indicator, and click “Properties” to access the customization options.

That’s it! You have now successfully installed the Chaos Oscillator Indicator on MT4. Remember that each indicator is different and may have customization options, so read the documentation or instructions that come with the indicator file before using it.

Chaos Oscillator Indicator mt4

Chaos Oscillator Indicator mt4 free download


This tutorial taught you how to install the Chaos Oscillator Indicator on MT4. This indicator is a popular tool for traders and can be used to predict changes in market conditions. Following these steps, you should be able to get up and running with the Chaos Oscillator Indicator quickly and easily.

Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Telegram Channel | Quora | Reddit

Leave a Comment