Today we take a step back and revisit an original version of the modified WPR: Mr Slav's converted Haos Visual indicator but corrected and optimized by Mladen.
What is the Haos Visual?
The algorithm of the Haos Visual indicator measures the difference between two William’s Percent Range T3 oscillators with different periods.
A signal line is also calculated.
The Haos Visual stock market indicator identifies over-bought and over-sold markets and could be used to find potential price reversal key zones as well as displaying the sentiment of the market by using the "Zero" median line.
The following chart template:
- Has been setup using the indicator's default settings
- Highlights only the "extreme" reversal areas (for strong counter-trend opportunities)
The "extreme" reversal points are near identical to Chaos's, with Chaos outlining several "extreme" reversal areas a tad bit earlier, this version of Haos Visual does a near-perfect job at showing us where reversals are imminent, and in some cases may be beneficial over Chaos Visual, for traders who want to totally avoid "earlier" signals.
The source code is available for coders to study and modify. Be sure to share your findings and modifications with us, too
