Color Zero Lag TRIX OSMA Indicator

Color Zero Lag TRIX OSMA Indicator

Color Zero Lag TRIX OSMA is a suitable market trend and reversal detector. This indicator is an ideal tool for determining the direction of the market and changing the momentum.

Color Zero Lag TRIX OSMA for MT5 is an easy to use indicator that uses color bar charts. It is based on the moving average oscillator. You can use the indicator to trade any instrument on any timeframe. It works well on any time frame and you can use it to trade any currency pair.

How it works
Using the indicator is quite simple. It displays MACD-like histograms in a separate window below the price action. Essentially, you’ll want to check two things. The position of the column relative to the zero line and the color of the histogram.

Signal to buy. The indicator gives a buy signal when green bars form at the top of the center line. Essentially, the longer the histogram, the stronger the bullish momentum.
Sell signal. The indicator gives a sell signal when orange bars appear at the bottom of the center line. Basically, when the bars are pulled down, it means that the bearish pressure is high.

Color Zero Lag TRIX OSMA trading example

The picture shows the price movement on the GBPUSD hourly timeframe. The indicator shows green bars when the charts start to rise. This is a buy signal.

Therefore, you can open a long position. When the bars begin to contract, it indicates that the momentum is waning.

The downtrend is getting stronger and the indicator is showing brownish bands. Therefore, you want to sell and move in a downtrend.

Conclusion
Color Zero Lag TRIX OSMA for MT5 uses a moving average oscillator. You can use the color of the histogram to determine the market trend. It is an ideal tool for determining the direction of the market and changing the momentum.