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Thread: OSMA Indicator

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    Member kuddos.29 is an unknown quantity at this point kuddos.29's Avatar
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    Forex is a good job. The base code for the OsMA indicator is the one on the Metatrader 4 platform. While I am a professional trader, I am an amateur programmer. My indicator works well, but not perfect. I'm sure if a professional programmer looks at the code, they'd probably laugh, but hey, it works for me. I modified it to show different colors when OsMa is increasing or decreasing, and is above or below the Zero line. In addition, I added a multiple time frame parameter. Leaving it at (0) will show the current time frame. Best of luck.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Junior Member sholeh0500 is an unknown quantity at this point sholeh0500's Avatar
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    The base code for the OsMA indicator is the one on the Metatrader 4 platform. While I am a professional trader, I am an amateur programmer. My indicator works well, but not perfect. I'm sure if a professional programmer looks at the code, they'd probably laugh, but hey, it works for me. I modified it to show different colors when OsMa is increasing or decreasing, and is above or below the Zero line. In addition, I added a multiple time frame parameter. Leaving it at (0) will show the current time frame.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Junior Member annn2060i is an unknown quantity at this point annn2060i's Avatar
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    this is best indector to trade in long frame like 30 m or 1 h but some time this indector used as filter to know what time to go in or out the trade

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Member badrussh is an unknown quantity at this point badrussh's Avatar
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    The idea of the OsMa failing to make a new high can be a representation of the fact that the market is losing momentum, and that the highs could be from light buying volume. This is a sign that perhaps there won’t be conviction to push prices higher. Naturally, divergence can happen in a downtrend as well, meaning that the OsMa fails to make new lows while price does – showing that the sellers are running out of momentum.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Junior Member petruspb is on a distinguished road petruspb's Avatar
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    OSMA Indicator

    I see this indicator is more interesting than using the default metatrader MA. Because of the zoom OSMA such a unique three-dimensional shape. Because the zoom is a bit much help better in reading.

    but most importantly, be able to read trend indicator with high accuracy. Basically indicators are used to detect the trend, but in the event of a saturation point, an indicator capable of detecting a price reversal.

    Time frame itself is more valid in the time frame specified h1. Because of its long-term movement count, you should use a valid movement. Where the movement is in the time frame.

    characteristics
    OSMA indicator considered lagging indicators. Because of the price movement will be indicated as a trend or sideways after prices occurring or formed. So when this new movement will be identified by the signal shortly after the turn of the candle.



    It has a unique color combination and nice. Consists of red, and green. In the event of impairment, the color will shine brighter or leave a bright color. However, in the event of reinforcement, the price will be experiencing dimming. This is what makes the color on indicators such as three-dimensional.

    recommendation
    Use indicators to see the movement trend. If the current trend of giving trend up, focus buy transactions by looking at the color red. Conversely, if the price is currently providing trend down, then focus on sell transactions by looking at the color green.

    The indicator is easy to read when there is a trend, but if the trend is not known, you should not make an open position. Very dangerous to use transactions with the use of large volume. Focus on using transactions with sufficient open positions.
    Name: OSMA.jpg Views: 95 Size: 62.4 KB

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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