Ozymandias Indicator
$0.00
The Ozymandias indicator is a VTL trend following indicator. It consists of a middle line, an upper band and lower band. The middle line color shows the trend direction, Red middle line – Down Trend and Sky Blue middle line – Up Trend. In an uptrend price usually remains above middle line and when it moves above upper band, it is likely to pull back to the upper band or middle line depending on trend strength. In a down trend price usually remains below middle line and pull backs are likely to happen when price moves beyond lower band.
(Downloads - 1793)
The Ozymandias indicator is a VTL trend following indicator. It consists of a middle line, an upper band and lower band. The middle line color shows the trend direction, Red middle line – Down Trend and Sky Blue middle line – Up Trend. In an uptrend price usually remains above middle line and when it moves above upper band, it is likely to pull back to the upper band or middle line depending on trend strength. In a down trend price usually remains below middle line and pull backs are likely to happen when price moves beyond lower band.
The indicator has one parameter, “Amplitude”, which determines the band levels. Default value is 2 and higher values generate wider bands.
Ozymandias indicator has capability to ignore market noise while picking the market trend. This helps in identifying the underlying market trend.
Usage
- Download the attachment.
- Copy it to your company VertexFX Local VTL Files folder i.e. C:Program FilesCompany Namevtl10Local VTL Scripts
- Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.
Additional information
| Plugin-Type | Client VTL – Custom Indicator |
|---|---|
| Compatibility |