MACD Osma is a forex trading indicator. MACD Osma is a complete package because it gives all information a trader needs to make an informed trading decision. MACD Osma can be highly profitable. Its rules are followed with discipline. The rules are straightforward, so the remaining part is in the hand of the traders whether to make the system work or not. MACD OsMA is beneficial for the newbie and the experienced traders. MACD Osma is based on the trend following forex strategy. This trading forex indicator might not perform well at the sideways marketability to figure out if the market is trending rests on the hands of the traders.
When you install the MACD OsMA indicator in your trading platform, your chart should look like this:
MACD OsMA Forex Indicator
MACD OsMA is nothing more than a customized moving average with some arrows. When the market is trending, this indicator is purple, and when the market is trending downwards, its color is red. The white arrows signal the potential bullish move and the red arrows indicate a possible downtrend.
Buying Conditions Using MACD Osma
- The market should be going up.
- The market should be bouncing from the chart’s recent support.
- MACD Osma should be purple.
- Place your long position(BUY) as soon as the above conditions are met.
- Place your stop loss(SL) just below the recent swing low.
- Take your profit when the MACD OsMA turns red.
Sell Conditions Using MACD OsMA indicator
- The market should be down trending.
- The market should be falling from the recent resistance.
- MACD Osma should be red.
- Place your short position as soon as the above conditions are met.
- Place your stop loss(SL) just above the recent swing high.
- Take your profit when the MACD OsMA turns purple.
MACD OsMA Forex Indicator Free Download