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Omega Trend Indicator

The Omega Trend Indicator is an advanced tool that has been specifically designed to detect market trends early, and follow them efficiently. The indicator draws two lines. The main (thicker) Trend Line represents the presumed lower or upper volatility limits of the current market trend. A break in the main Trend Line indicates a potential reversal or shift in the movement of the trend. The Trend Line also indicates the best point to place a stop loss order. In Omega Trend Indicator, the Trend Line indicates the exact point of the initial stop loss, as well as where the trailing stop is moving. For uptrends the Trend Line is blue, for downtrends it is pink (see the first image below).


There is an EA which use Omega Trend Indicator signals for trading. It is Omega Trend EA. You can check it here: https://www.mql5.com/en/market/product/56222


The secondary (thinner) Pivot Line represents the presumed Pivot level of the market. Breaks in this line can be used for short-term/scalping trades following the current market trend indicated by the Trend Line.

Although the Omega Trend Indicator’s signals are clear and easy to interpret (see the second image below), there are a few steps you should follow to filter out false trading signals. First, you need to be able to recognize a choppy market and try to ignore it. A choppy market is a market that is highly volatile but results in no overall price movement, in either direction. These price spikes and sharp rebounds from the range borders can generate a series of poor signals. In the third image below, you can see an example of a choppy market. A choppy market presents the worst possible conditions for any breakout or impulse trading strategy. If you use the Omega Trend Indicator under these conditions, do not be surprised if you have poor results.

Omega Trend Indicator signals are at their most reliable, when following the market in trend or swing mode. Avoid trading in periods of low liquidity. In these periods, the market is generally in a narrow range. Periods of low liquidity normally occur after the close of the NY trading session and often throughout the entire Asian session. The best signals from the indicator could be expected during the London and the NY trading sessions (8-21 GMT).

I recommend Omega Trend Indicator for the EURUSD, EURJPY, USDCHF, GBPJPY and GBPUSD pairs. As well all market instruments with a trending behavior are appropriate. You can use it on all timeframes, for scalping, day trading or long-term investing.

I strongly recommend that you adapt visually the indicator lines to the chart. The default settings are not suitable for all chart periods and all market instruments. The most important settings you should try to adapt are: Volatility_Period, TrendLine_Level, PivotLine_Level and Bar_Acceleration.

The default settings are not suitable for all timeframes and all market instruments. The most important settings you should try to adapt are: Volatility_Period, TrendLine_Level, PivotLine_Level and Bar_Acceleration.


Settings

  • Show_Arrows - show/hide the signal arrows on the chart.
  • Show_Histogram - show/hide the indicator histogram.
  • Show_PivotLine - show/hide the pivot line.
  • Alerts - activate/deactivate the signal alerts.
  • Send_Push_Notifications - activate/deactivate sending notification to mobile phones.
  • Volatility_Period - the indicator period of the volatility calculation.
  • Smooth_Factor - the smoothing factor of Omega Trend Indicator lines. The default value of the Smooth_Factor is zero, which means that smoothing is not used.
  • ..........

For more info and complete list of settings, click here to visit the blog!

If you like my product, please write a review! I will be very grateful!

You can check out my other products in my profile!

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Comentarios 25
Slashev
46
Slashev 2021.04.14 17:44 
 

Сов меня цепанул своей простотой и цветовой прорисовкой, маджента с голубым на темном фоне просто отпад ;) Остальное приложится. Спасибо.

Valentin Butorin
3963
Valentin Butorin 2020.10.18 12:10 
 

Thanks for sharing. It will come in handy

Emmanuel Chukwudi Offor
1920
Emmanuel Chukwudi Offor 2020.08.21 00:26 
 

nice product i must confess, i would love to turn it into an ea, whats the possibility? pls let me know

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The Trend Synthetic indicator algorithm generates input signals and output levels. The principle of operation of the indicator is to automatically determine the current state of the market when placed on a chart, analyze historical data based on historical data and display instructions for further actions on the trader's screen. The system itself shows in the form of arrows when to buy and when to sell. Strategy for trading with the trend, filtering and all the necessary features built into one
69 USD
HiLo Activator
HiLo Activator
Sergey Novokhatskiy
This is a simple and reliable indicator that can be used as an additional filter in your trading system. Also, you can create a new trading system based on the product. The indicator is capable of detecting the rise and fall of the market on the selected number of candles (adjustable parameter). Several indicators with different parameters can be applied to a single chart. COMMENT function has also been provided for more convenience allowing you to leave a comment at the line's end. Added new tr
90 USD
FX Trend
FX Trend
Daniel Stein
You want to become a constantly profitable 5-star forex trader?  1.  Read the basic description of our simple trading  system  &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat FX Trend   displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long they last and how powe
75 USD
MIDAS Profitas
MIDAS Profitas
Mihail Lagutin
MIDAS (an acronym for Market Interpretation/Data Analysis System) is an approach to technical analysis initiated in 1995 by the physicist and technical analyst Paul Levine, PhD. Development of the original idea was then continued by Andrew Coles, PhD, and David Hawkins. The result of their work was the book "Technical Analysis MIDAS: VWAP Approach to Trade and Investment in Today's Markets". The MIDAS approach to trading helps to reduce what appears to be market chaos in Forex, stock charts and
79 USD
Markov Chains MTF Indicator
Markov Chains MTF Indicator
Mustafa Doruk Basar
Similar idea from the MarkovChains EA is used to create this indicator. With this indicator, you can observe the probability of prices going up for multiple timeframes for up to 5 Markov chains. Unlike the EA version, indicator only looks for ups and downs and counts them with a given number of Markov chains, then prints the probability of prices going up on a table. Indicator shows these probabilities for 5-minute, 15-minute, 30-minute, 1-hour and 4-hour time intervals. You can set where the bu
100 USD
Range Exhaustion
Range Exhaustion
Robert Gerald Wood
Range Exhaustion occurs when price meets or exceeds the expected range for the current period. At these levels, price starts to lose its momentum relative to earlier in the period, so its a good point to make sure you are not taking new positions. This indicator will show you where this is likely to happen on your chart, showing levels for Daily, Weekly and Monthly periods. When you see price exceeding these exhaustion levels, it's telling you that the momentum behind the move is very strong an
60 USD
Jcounter
Jcounter
Jing Zi Yi Teng
¡Hola! Soy Tatsuron, un inversor minorista japonés. Gestionamos más de mil millones de yenes en Forex. Entonces, permítanme presentarles un indicador muy útil que utilizo. Indicador de tipo de comercio de venta libre. Jcounter puede capturar el momento de la fase de colapso de la tendencia. Hay indicios de un colapso de tendencias. Es el estándar mundial para confirmar el letrero con LSMA adoptado por Jcounter. La configuración numérica de LSMA es muy importante, pero después de muchos añ
100 USD
The xBrat Algo
The xBrat Algo
Paul Bratby
Think of an Experienced Traders’ Brain as a blueprint for a trading algorithm. Then the desire to keep charts as clutter free as possible. What you see below is a blueprint of Paul Bratby’s thought process but even he admits, he is getting too old to focus on all of these! • 9 Decision Points before Paul considers grading the trade a 3* trade • Then another special Decision Point will make it a 4* trade • Another for 5* trade • And Finally, a total of 12 Decision Points being correct before
75 USD
Exponential Momentum
Exponential Momentum
Yaser Sabbaghi
Advanced and affordable momentum indicator that fade the fake move of market. It is smoothed because of special sophisticated exponential averaging calculation. It is also similar to special type of CCI with more tolerance to overbought or oversold conditions with built-in momentum indication. This indicator is able to empower your trading as a trend detector, CCI and market momentum scale measurement. Features Smoothed to filter uncomfortable noises. Non-Lagging Exponential averaging. Line or
50 USD
Square of 9 for all
Square of 9 for all
Francesco Rubeo
Welcome all to the famous Gann's "Square Of 9"!! This method was used by one of the best traders in the history, a person who made his way among the top traders. An "Holy Grail" for whoever wants to learn trading. The "Square of 9" was used by this genius to find the market's future supports and future resistances. Nowadays is possible to find them with just a click, thanks to softwares. At the time Gann was using just his set of square and goniometer!! Gann describes, partially, the tecnique on
99.99 USD
RSI Basket Currency Strenght
RSI Basket Currency Strenght
Dario Pedruzzi
The  RSI Basket Currency Strenght  brings the RSI indicator to a new level.  Expanding the boundaries of TimeFrames and mono-currency analysis, the RSI Multi Time Frame Currency Strenght take the movements of each currency that composes the cross and confront them in the whole basket of 7 crosses.  The indicator works with any combination of  AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD  pairs and with full automation takes in account every RSI value for the selected Time Frame.  After that, the ind
100 USD
Pairs Arbitrage Correlation
Pairs Arbitrage Correlation
Vladimir Tkach
The cross-correlation indicator calculates the relationship between the specified pairs for the previous period. Automatically selects the instruments with the highest and the lowest correlation, and then simulates trading on the selected pairs on the same test period. Then indicator displays the pairs that have shown the best trading results. Visualizes the PAC (Pairs Arbitrage Correlation) criterion for the pairs selected by the trader. The signal to open trades is set by the PAC levels. When
50 USD
Pinbar Scanner With Trend Filter
Pinbar Scanner With Trend Filter
ScorpionFX
(FOR MT4)   Pinbar Scanner For Multi Pair and Multi Time Frame : This indicator has been designed to automatically identify high probability pinbar formations. It includes an RSI trend-filter for finding the best oppportunities and it will send you an alert when these setups are found. IMPORTANT FACTORS TO KEEP IN MIND: A strong pinbar is clear evidence that the institutions are rejecting a particular price level.  These price levels are excellent areas to determine potential entries and exits
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Filtro:
adnanadnan
838
adnanadnan 2021.05.30 13:16 
 

deleted

Slashev
46
Slashev 2021.04.14 17:44 
 

Сов меня цепанул своей простотой и цветовой прорисовкой, маджента с голубым на темном фоне просто отпад ;) Остальное приложится. Спасибо.

Valentin Butorin
3963
Valentin Butorin 2020.10.18 12:10 
 

Thanks for sharing. It will come in handy

Martin Brown
326
Martin Brown 2020.06.15 23:29 
 

This indicator is better probably than most of the paid indicators on this site. It really gives you an excellent picture of what the market is doing.

Emmanuel Chukwudi Offor
1920
Emmanuel Chukwudi Offor 2020.08.21 00:26 
 

nice product i must confess, i would love to turn it into an ea, whats the possibility? pls let me know

lejeune Bauvil
271
lejeune Bauvil 2020.07.05 18:28 
 

I have been trading since 2006 I have bought, used many indicators. I have over 200 different templates, using different strategies, some better than others. Among them all, this indicator is not only the top 3, but it is the number one to me. It is not repaint. It is not lagging. You can modify the input and find different entries, different ways to trade it. So many ways. I found one way to trade it either on Forex, or Binary options. Thanks a lot for your contribution to the world of Forex. Your free indicator is far better than many paid or expensive indicators in this world I do not use the arrow. I completely eliminate them. I only the first bar when the indicator changes signals direction, wait for a pull black close to the previous High or low. No arrows. Only when the market changes, no repaint at all on the first bar.

Forex Trader
79
Forex Trader 2020.05.25 23:50 
 

El usuario no ha dejado ningún comentario para su valoración

Rupprecht
154
Rupprecht 2019.10.10 16:04 
 

A great indicator!

Unfortunately, in some cases, the arrows are repainted. They then change from blue to red or vice versa within the same candle. You can easily find such places in the strategy tester. That's very sad!

Whether that is still changeable in a new version?

That would be very nice!

Gia LaCroix
327
Gia LaCroix 2019.08.22 12:39 
 

V.GOOD

alexfx909
115
alexfx909 2019.07.28 13:53 
 

El usuario no ha dejado ningún comentario para su valoración

Danilo Dorjo
498
Danilo Dorjo 2019.05.22 16:37 
 

Nice indicator, very good entries. Thank you.

bmwaddicted
392
bmwaddicted 2019.04.19 08:40 
 

5 stars from my side! Definitely a good trend indicator. I've noticed that only one person gave 2 stars review and don't understand why.

Another good thing is that the author responds really fast and is considering users advices (for example adding email alerts in the future, which in my opinion is useful to have).

Thank you for your product!

AirOne1
1440
AirOne1 2018.12.09 23:41 
 

El usuario no ha dejado ningún comentario para su valoración

Abdullah Alrai
83631
Abdullah Alrai 2018.10.25 21:41 
 

good one

Tiberio_
164
Tiberio_ 2018.10.22 10:19 
 

El usuario no ha dejado ningún comentario para su valoración

Vincent Visoiu
791
Vincent Visoiu 2018.09.14 16:21 
 

Great indicator! I ran it in visual backtest mode to learn how to use it and it works great at giving good signals. Author is very experienced with the markets!

James Edward
172
James Edward 2018.09.13 09:25 
 

El usuario no ha dejado ningún comentario para su valoración

sunnychow
8691
sunnychow 2018.08.25 14:11 
 

Good indicator.

-dimitror-
941
-dimitror- 2018.08.20 22:58 
 

Excellent indicator.Thank you.

Mohammad Rajaur Rahman
352
Mohammad Rajaur Rahman 2018.08.10 17:38 
 

You will get profit when using with analysis.

rainwalker123
2789
rainwalker123 2018.06.15 05:18 
 

I am scalptrader and my greatest problem is, find exits at right time. Sometimes it works well sometimes it doesnt. This indicator helps me, to take measures, when price is running against me, and keep losses small, and profits bigger.

It seems to be very promising.

Providing such an indicator for free, only a successfull trader can do. Many green pips to you and of course the other traders.

Matthew Todorovski
13236
Matthew Todorovski 2018.06.30 13:20 
 

1 Star (20%) = Bad

2 Star (40%) = Undecided

3 Star (60%) = Acceptable

4 Star (80%) = Good

5 Star (100%) = Excellente!

Loai Al Moulim
236
Loai Al Moulim 2018.06.22 13:37 
 

Nice

Alexey Suvorov
819
Alexey Suvorov 2018.06.01 22:54 
 

El usuario no ha dejado ningún comentario para su valoración

Krasimir Ivanov
531
Krasimir Ivanov 2018.05.21 14:02 
 

Very good and easy to use indicator! Thank you for sharing it.

Respuesta al comentario
Versión 1.2 2020.10.09
I have added additional parameter called "Prefix". The value of the parameter will be added as a prefix to all alerts/signals generated by Omega Trend Indicator.
Versión 1.1 2018.06.19
Added the Send_Push_Notifications parameter. When enabled, the Omega Trend Indicator will send Push Notifications to mobile devices of the users. By default, the new parameter is disabled. You have to set it TRUE in order to use the new functionality.