OMG - Orange Magenta Green
Oscillatory indicators. For some important trading tools and for others just other average trading indicators. Yes that is exactly what they are.
However, OMG is not the case. It is a completely uniquely created indicator, which with its features can not only combine upside and downside potential, but at the same time it can also be used to evaluate how far the market is from any local highs and lows, which is where its uniqueness lies.
- Power fluctuation indicator
- User intensity: Advanced
- Utility: Forex, Stocks, Gold
- MetaTrader 4 Compatibility.
- Free indicator updates
Trading with the indicator
The OMG indicator is very similar in its characteristics to such indicators as stochastic. Therefore, the basis of trading with the indicator is to cross lines, but the crossing needs to occur very close to the 20,80 or below/above threshold levels. For example, if it is a low crossing (crossing near the 20 level), then there is a point where the probability of future growth increases, and conversely at the 80 level it will be a decline.
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