Ozymandias Indicator - beat market noise!

adminas

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Hello, friends! Have you ever closed a deal just because one or two candles moved against your position and you lost confidence in it? For sure, yes. Forex prices never move straight down or even straight up. There is always market noise that distracts and disorients traders, especially beginners. To filter out market noise and to allow a precise Forex indicator called Ozymandias to remain in the transaction as long as possible. We will talk about him this time.




Why do you need the Ozymandias indicator?
How to trade using Ozymandias forex indicator

The Ozymandias indicator tracks market trends with absolute reliability, ignoring sharp fluctuations and market noise.

  • Surprisingly easy to use in trading
  • Find oversold / overbought moments
  • Gives you the opportunity to always trade quietly without affecting market noise.
  • Gives the chance to avoid sharp turns on intraday schedules
The indicator is suitable for trading on small timeframes, because it ignores sudden price hikes or price movement correction due to a reduction in market noise around the average price.

Increase your trading performance and be sustainable at a time when everything remains fragile.

How to trade using the Ozymandias indicator
Examples of forex strategies using the Ozymandias indicator

Structure and principle of the indicator

The Ozymandias indicator displays a colored line surrounding the price range. The color line represents the average price of the currency pair, and the price bar displays overbought / oversold conditions. If the average price is blue, you should look for entry points to open long positions when the market is not overbought, and if the average price is red, you should look for entry points to open short positions when the market is not oversold.

A change in trend on the indicator is not a signal for immediate entry into the market! Bands are used to select the time to enter.

Strategy example

There are many strategies that can be developed using the Ozymandias indicator. The easiest of them - the reversal system - is used only when the closing price breaks through the average price or the band, which allows you to avoid entering the market during a sudden appearance of a non-market quotation or correction during sharp price movements in the market.

The rules can be summarized as follows. It should be bought during an uptrend, when the price reaches an average or oversold, and sold during a downtrend, when the price reaches an average or overbought. With this simple strategy, you can minimize your losses when the market is flat or unstable.

Nevertheless, you can create your own trading strategies, the main thing is to ensure that trading is carried out inside the band or close to the average value of the price. Virtually any indicator can be useful in combination with the Ozymandias indicator without changing amplitude, while the main price movement is isolated from market noise.

In addition, you can customize the entry strategy at your discretion using other components of price movement, such as Price Action patterns or other indicators. Just do not buy above the overbought level and do not sell below the oversold level.

Frequently asked Questions
Frequently asked questions indicator forex Ozymandias

1. Is Ozymandias always a market indicator?

Not. If the price chart is below the upper band, only long positions should be opened. In the case when the price chart is above the lower band, only short positions should be opened. Changing the direction of the trend does not mean that you should trade this minute! The indicator eliminates market noise, but not completely. It is necessary to wait until the price approaches the average value of the price before opening a position or closing an open one.

2. Where it is necessary to place a stop loss and take profit.

The indicator does not display the placement of stop loss or take profit.

3. The indicator looks perfect. Are you sure he won't let you down?

This indicator does not fail. Before working in the real market, please test it on the demo version to make sure that it gives the right signals to enter the market.

4. What are the parameters of this indicator?

In fact, this indicator has only one parameter to adjust - amplitude. More information about this variable is described in the video at the beginning of the review.

Installation
Forex indicator Ozymandias is set according to the standard scheme. Nothing complicated. Pairs and timeframes can be any.

Conclusion
Do not forget that the Ozymandias indicator, like any other, cannot be used alone, without filtering. This indicator can serve as an addition to your own forex strategy, or as a basis for building a new system.
 
 

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