Ozymandias Indicator
- Forex Robots PRO
- Feb 15, 2017
- 2 min read
Updated: Jun 18, 2024
Trend Indicator: Ozymandias
Description: The Ozymandias Indicator is a robust tool designed to reliably monitor market trends while filtering out sharp movements and market noise. This makes it highly suitable for trading on lower time frames, as it effectively ignores sudden price spikes or corrections by reducing market noise around the mean value of the price.
Key Features:
Incredibly Easy to Use: Ideal for traders at all experience levels.
Overbought and Oversold Detection: Identifies key levels for potential market entry and exit points.
Noise Reduction: Provides clear signals by minimizing the impact of market noise.
Smooth Trading Experience: Helps traders focus on meaningful price movements without distraction.
Avoids Sharp Reversals: Particularly useful for intraday charts to prevent false signals.
Visual Representation:
Colored Line: Represents the mean value of the currency pair's price.
Price Line: Indicates the oversold (when below the mean) or overbought (when above the mean) conditions.
Green Mean Line: Suggests looking for long entry points when the market is not overbought.
Red Mean Line: Suggests looking for short entry points when the market is not oversold.
Trading Strategy:
Develop various strategies using the clear and reliable signals from the Ozymandias indicator.
Ensure to open trades after the candle is closed and clarified for more accurate signals.
Characteristics of Ozymandias Indicator:
Platform: Metatrader4
Currency pairs: All pairs
Trading Time: Around the clock
Timeframe: H4, H1, M30
Usage Recommendations:
Long Positions: Enter when the mean value of the price is green and the market is not overbought.
Short Positions: Enter when the mean value of the price is red and the market is not oversold.
This indicator is versatile and can form the basis for multiple trading strategies, making it a valuable tool for both novice and experienced traders.
You may buy this Awesome Ozymandias Indicator just only for 5.31$.
For full access, including codes and parameters, click on Ozymandias Indicator to purchase it.
RISK DISCLAIMER:
The application shown on this page does not consider your personal circumstances and trading objectives. Therefore, it should not be seen as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, methods, expert advisors (EAs), scripts and/or indicators will lead to profits or prevent losses.