Omega Point Indicator

4

The Omega Point indicator uses a complex multilayered system that is used by the top world traders which helps to determine the beginning of trends that are highly likely to last for a long time. The system uses several complex trend calculation modes, due to which the indicator adapts to the specifications of different currency pairs, and is suitable for both conservative and aggressive trading. The indicator makes the necessary calculations and shows important information about how the trade would have been executed if the trader had entered the market, thus the trader can always calculate what profit to expect.

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Indicator features:
  • A complex mathematical system for calculating a start of a trend.
  • The indicator shows multiple levels of profit taking for maximum profit.
  • The most detailed and honest statistics showing how transactions would be executed if the trader entered the market.
  • It has three unique strategies (entry into an emerging markets, entry into a continuing trend, scalping in the end of a trend).
  • Suitable for various trading instruments and timeframes.
  • Suitable for both scalping and long-term trading.
  • Easy to learn.
  • Doesn't repaint.


Description of parameters:

  • Indicator's mode: There are three signaling modes to choose from.
    • Early trend catcher - the indicator will give signals in case of emerging trends.
    • Confirmed trend continuer - the indicator will give signals on confirmed trends.
    • Late scalpigng - the indicator will give signals when the trend loses its strength.
  • Indicator's sensitivity - signal sensitivity. The higher the sensitivity, the more often there will be signals to enter a trade.
  • Stop-level 1 mode - the distance between the entry price and the price of the first stop level.
  • Take/Stop-levels volatility levels: definitions of take/stop levels.
  • Automatic - take-level width will be determined automatically by the ''Indicator's sensitivity'' parameter (the higher the sensitivity, the shorter the take-level width will be).
  • 1x-6x - certain fixed width of take levels.
  •  Show take profit-levels - show/hide take/stop levels.
  •  Panel corner - indicator panel anchoring angle.
  •  Panel x/y offset - offset of the indicator panel along the x/y axis.
  •  Count type: Take/stop level counting mode.
  •  Count all take-profit - the indicator will count all take profits, stop losses, regardless of what the price touched first (take level or stop level).
  •  Take-level 1/2/3/4 to stop-level 1/2 - the indicator will count how many times this or that take/stop level has been touched.
  •  MaxHistoryBars - How many bars on the chart to use for counting signals.




Reviews 1
Aravind Kolanupaka
10179
Aravind Kolanupaka 2024.02.04 19:40 
 

Indicator has good potential.

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Pro Indicator Trader is a professional trading tool with which you can automate/create a trading strategy using the 31 classical Metatrader 4 indicators.  An elegant and intuitive interface allows you to customize your strategy down to the smallest detail and choose whenever the EA should open a buy or sell position. For each entry-trade rule, you can use up to 14 different indicators. The EA is designed for professional traders, therefore it has many advanced functions. The EA records the order
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Simple grid master  is a trading tool for trading reversals with help of grid and martingale style. The EA uses for entry into the markets such indicators as: Bollinger Bands, Ozymandias, Moving Average, Williams Percent Range, Stochastic, MACD. You can select which indicators will be used for entries, customize martingale and grid settings to your liking, use additional filters (time filters, order distances, etc.) for more accurate entries. The most important that the EA is constantly improvi
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Complete Prop Firm broker challenges easily and automatically using our Prop Firm Challenger  expert advisor. Simply attach the EA to a chart and let it do its job. For the first 5 buyers, the price of the advisor will be only $149.99 . Later, the price will increase to $7899.99. Description: The Expert Advisor allows you to quickly complete any Prop Firm task with low drawdown and in a very short time. The Expert Advisor uses one of the most popular market-making strategies, opening order gr
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Aravind Kolanupaka
10179
Aravind Kolanupaka 2024.02.04 19:40 
 

Indicator has good potential.

Tom Seljakin
4349
Reply from developer Tom Seljakin 2024.02.04 19:52
Thanks for the feedback! May be not always available, or see messages in private (because of the spammers), so next time just resend your message aigain so i can see it.
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