Comments for https://ctrader.com/products/434

Hello BacktestBoss,

The core of this indicator is built on the Williams %R which is a Momentum oscillator (like RSI) that takes its value from the closing price vs. high-low range of the instrument.
MACD is deriving from 2 moving averages and RSI measures the closing price differences.

Williams %R on its own can potentially spot short term reversals in the extreme ranges (-20, -80), and bundling together two of them (one with short lookback period, one with long lookback period), along with a smoothing moving average on them, gives you this indicator, Chaos.

When both indicators squeeze top or bottom, you can have a potential signal for trend reversal.

How does it compare to RSI/MACD/Moving Averages—what’s unique here?