Ozymandias Indicator - Defeat Market Noise!

And the proud ruins say: "My name is Ozymandias, king of kings. Behold my deeds, you mighty ones!" But there is no one in the desert world. And only the endless plains alone are left - Witnesses to his greatness. Hello, friends! Have you ever had to close a trade just because one or two candles moved against your position and you lost confidence in it? Most likely, yes. Forex prices never move strictly down or strictly up. There is always market noise that distracts and disorients traders, especially beginners. The precise Forex indicator called Ozymandias is designed to filter out market noise and allow you to stay in a trade as long as possible. This time we will talk about it.

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

- Surprisingly easy to use in trading
- Finds moments of oversold/overbought conditions
- Gives you the opportunity to always trade calmly without the influence of market noise
- Makes it possible to avoid sharp reversals on intraday charts

The indicator is suitable for trading on small timeframes, because it ignores sudden price spikes or price movement corrections by reducing market noise around the average price value.

Increase the efficiency of your trading activity and remain steady at a time when everything else stays shaky.

Indicator structure and operating principle

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

A trend change on the indicator is not a signal to enter the market immediately! The bands are used to choose the timing for entry.

Strategy example

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

The rules can be reduced to the following. You should buy during an uptrend when the price reaches the average value or oversold conditions, and sell during a downtrend when the price reaches the average value or overbought conditions. Thanks to this simple strategy, you can minimize your losses when the market is ranging or is unstable.

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

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

1. Is Ozymandias always a market indicator?

No. If the price chart is below the upper band, you should open only long positions. In the case when the price chart is above the lower band, you should open only short positions. A change in the trend direction does not mean that you should trade this very minute! The indicator eliminates market noise, but not completely. It is necessary to wait until the price approaches the average price value before opening a position or closing an open one.

2. Where should stop-loss and take-profit be placed?

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

3. The indicator looks perfect. Are you sure it will not let you down?

This indicator does not let you down. Before working in the real market, please test it on a demo version to make sure that it gives correct signals for entering the market.

4. What parameters does this indicator have?

In fact, this indicator has only one parameter for adjustment - amplitude. This variable is discussed in more detail in the video at the beginning of the review.

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

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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Respectfully, Andrey aka topepo241
TradeLikeaPro.ru