Haos MT5

Haos is a momentum oscillator for MetaTrader 5. It plots in its own window and is meant to help you see when price momentum looks stretched, so you can judge whether a move may be tiring. It does not place trades; it only displays information.

How it works

The indicator measures momentum and presents it as an oscillator with overbought and oversold regions. Its distinctive feature is that it can be read over two periods at once, for example a short one such as 14 and a long one such as 96. Comparing the two lets you see whether short-term momentum is stretched while the longer-term reading is still neutral, or whether both are extended together.

Common ways traders use this kind of display include:

• Watching for the short period to reach an extreme zone while the long period stays calmer.
• Waiting for both periods to reach an extreme before paying closer attention to a possible turn.
• Using the readings as a filter alongside price action, support and resistance, or a trend tool.

Markets and timeframes

Haos can be attached to any symbol in your MT5 terminal, including forex pairs, indices, metals and stocks, on any chart timeframe. Oscillators behave differently on fast and slow charts, so test your chosen periods on the instruments you trade before relying on them.

Features and settings

The exact input names and defaults are shown in the indicator properties after you attach it, so check that tab rather than assuming values. The main functions are:

Setting up a custom alert sound

1. Open your terminal data folder from the File menu in MT5.
2. Go to the MQL5 folder, then the Files folder.
3. Copy your .wav file into it.
4. Enable the sound option in the indicator inputs and confirm the file name setting.

Risk

Overbought and oversold readings are not signals to enter by themselves. In a strong trend an oscillator can remain at an extreme for a long time. Use stop losses, sensible position sizes and test on a demo account first.

Installation

1. Download and unzip the product files on your computer.
2. In MT5, choose File, then Open Data Folder.
3. Copy the indicator file into MQL5\Indicators.
4. Restart MT5 or refresh the Navigator panel.
5. Drag Haos from the Indicators list onto a chart and adjust the inputs.

If it does not appear, check that you copied it into the Indicators folder of the correct terminal installation and that you are using MetaTrader 5, not MetaTrader 4.