The Ozymandias indicator provides highly reliable monitoring of the market trends, while ignoring sharp movements and market noise.
- Incredibly easy to use in trading
- Detects overbought and oversold levels
- Provides a smooth trading experience without getting sidetracked by market noise
- Allows to avoid sharp reversals on intraday charts
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.
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 blue, 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.