Description: Trend Indicator
The Ozymandias indicator provides highly reliable monitoring of the market trends, while ignoring sharp movements and market noise. The indicator is suitable for trading on lower time frames as it ignores sudden price spikes or price correction due to reduction in the market noise around the mean value of the price.
Incredibly easy to use in trading
Detects overbought and oversold levels
Gives you the opportunity to always safely to trade without market impact noise
Provides a smooth trading experience without getting sidetracked by market noise
Allows to avoid sharp reversals on intraday charts.
Ozymandias displays a colored line around the price range. The colored line represents the mean value of the price of the currency pair, while the price line reflects the oversold/overbought condition. If the mean value of the price is green, you should look for entry points for long positions when the market is not overbought. If the mean value of the price is red, you should look for entry points for short positions when the market is not oversold.
There are many strategies that can be developed using the Ozymandias indicator.
Please make sure candle is clarified (open trade after the candle is closed/clarified).
Characteristics of Ozymandias
Currency pairs: All pairs
Trading Time: Around the clock
Time-frame: H4, H1, M30
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The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore, it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, expert advisors (EAs), scripts and/or indicators will result in profits or not result in losses.