Average OSMA Indicator

Average OSMA Indicator

Average OSMA Indicator For MT4 gives buy and sell forex trading signals using an oscillator of moving averages and shows the divergence of OSMA

The Average OSMA indicator for MT4 provides buy and sell forex trading signals based on 0 line crossover of the OSMA. The indicator can use a variety of moving average methods to calculate the OSMA – Oscillator of a Moving Average. Furthermore, it provides trend strength based on the histogram for better results.

The indicator works well in all intraday chart time frames and is suitable for all types of forex traders. Furthermore, the indicator plots divergence of the OSMA on the indicator and the price charts.

Average OSMA Indicator For MT4 Trading Signals

The indicator builds the bullish histogram in aqua, bearish histogram in magenta while the neutral ones are in silver. The indicator lines are in red and blue, a crossover of blue above the red indicates a bullish market. Additionally, the bullish divergence is green and bearish divergence is red.

Trading the histogram and the 0 line produces profitable and best results. However, the crossover of the indicator line may produce frequent and less reliable signals.

Traders should consider buying if the histogram crosses above the 0 line with a stop loss below the previous swing low. The indicator does not provide take profit signals, so traders should exit at an opposite trading signal or with a good risk reward ratio.

Conclusion
In summary, the Average OSMA indicator for MT4 provides multiple types of analysis of OSMA and automatically identifies divergence of them.