The OSMA Breakout indicator displays the signals that are generated when the previous OSMA extremum is overpassed, while simultaneously creating an extremum point on the price chart. If the extremum of the previous wave was punched, but the price remained in the flat (in the narrow range), then the signal will not be displayed. This approach allows you to reduce the number of false signals in the event of a prolonged trend and the divergence of the indicator.
The indicator works on any trading instrument and on any timeframe.
- Fast EMA Period - fast moving average period
- Slow EMA Period - slow moving average period
- Signal SMA Period - signal moving average period
- Ma Filter - filter for signals determined by the moving average