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Forex Indicator “Ozymandias”

Ozymandias is a pretty known indicator that lets you to filter out false fluctuations of price.

Visually this indicator represents a line colored in blue or red, which surrounds the price range. There is also a strip of price that demonstrates the state of the market; whether it is in the oversold or overbought state. In turn, the colored line shows the averaging value of the price. If the line is colored in blue then one needs to look for moments for entering the market with the purpose to buy. However, that should be done only under the condition that the market is not overbought. If the line got colored in red, then one should open a short position. That should be done only if the indicator doesn’t show the condition of oversold.

It is important to understand that the Ozymandias indicator is utilized only to determine the approximate time to exit or enter the market. The change of the trend on the indicator doesn’t mean a signal for making a deal.

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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