Trend Strength OMA Signals Indicator
Trend Strength OMA Signals Indicator is not only known as a trend signal indicator but is also famous as a trend meter. It detects the trend, signals the trade entry, and also signals the exit at the possible end of the respective trend.
Buy Parameters:
- Trend Strength OMA Signals Indicator value is negative signaling the oversold condition
- An upward arrow appears right below a newly formed bullish bar at the bottom of the chart
- Buy triggers at the break of the respective bullish bar’s high
- Set stop loss below the signaling bar’s low
- Exit long/take profit whenever a downward arrow is plotted
Sell Parameters:
- Trend Strength OMA Signals Indicator value is positive signaling the overbought condition
- A downward arrow appears right above a newly formed bearish bar at the top of the chart
- Sell triggers at the break of the respective bearish bar’s low
- Set stop loss above the signaling bar’s high
- Exit short/take profit whenever an upward arrow is plotted
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