Have you ever close orders, just because one or two candles moved against your position and you lose confidence in it? Probably, yes. Prices on forex will never move straight down or straight up. There is always a market noise which distracts and disorients of traders, especially beginners. Filter out market noise and allowed to remain in the position as long as possible is intended to accurate Forex indicator called Ozymandias. About him we discuss in this article.
Characteristics of Ozymandias Indicator
- Platform: Metatrader4
- Currency pairs: All pairs
- Trading Time: Around the clock
- Timeframe: Any
- Recommended broker: Alpari
Ozymandias indicator keeps track of market trends with absolute reliability, ignoring the sharp fluctuations and market noise.
- Amazingly easy to use in trade
- Finds moments overbought / oversold
- Gives you the opportunity to always safely to trade without market impact noise
- Allows you to avoid sharp turns on intraday charts
Ozymandias Indicator suitable for trade in small timeframes, because it ignores the sudden price spikes or correction of the price movement by lowering market noise around the mean of price. Boost your trading activity and be stable in a time when everything remains shaky.
The principle of operation of the Ozymandias indicator
Ozymandias Indicator displays a colored line surrounding the price range. Colored line represents the average of price of a currency pair, and the price band displays overbought / oversold. If the average of prices of the blue, you should look for entry points for opening long positions when the market is not overbought, and if the average price of red, you should look for an entry point to open short positions when the market is oversold.
Changing of trend in the indicator is not a signal for immediate entry into the market! The bands are used to select the time for input.
There are many strategies that can be developed using the Ozymandias indicator. The simplest of them (reversal the system) is used only when the closing price is the average price breaks or bands that allows to avoid entry into the market during the sudden emergence of non-market quotations or correction at sharp movements in the market.
The rules can be summarized as follows. Need to buy in an uptrend when the price reaches the average value or oversold and sell in a downtrend when price reaches the average value or overbought. With this simple strategy, you can minimize your losses when the market is in a flat or is unstable.
However, you can create your own trading strategies, most importantly ensure that trade takes place within bands or near to the average price. Almost any indicator may be useful in conjunction with the indicator Ozymandias without changing the amplitude, while the basic price movement is isolated from the market noise.
Indicator Ozymandias not let you down. Before working on the real market, test it, please, on the demo, to make sure that it gives the right signals to enter the market.
Indicator has only one option for setting - amplitude. The values are set from 1 to 4.
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