Displaying Higher-Timeframe Ozymandias Trend and Trade Signals
Summary
The indicator presents the direction or signal produced by OzymandiasSign at a selected bar, using chart symbols to distinguish continuing trends from changes that may indicate a trade. A right-facing arrow marks continuation, while a diagonal arrow indicates a changed direction; color conveys the trend or deal direction. It can also issue alerts and play audio signals.
The settings cover the underlying indicator’s symbol, timeframe, lookback length, and moving-average type, along with display placement and alert behavior. The document gives a six-hour default timeframe and a current-bar default for signal selection, and explains that separate instances on one chart need unique label names. It describes how to display the indicator, but provides no rules for entering or exiting trades, performance results, or evidence that its signals predict future returns. The underlying indicator file is also required.
Key ideas
- The display marks trend continuation with a horizontal arrow and a direction change with a diagonal arrow.
- Symbol color indicates the current trend or direction of the generated deal signal.
- The signal can be selected from a specified bar and calculated on a chosen timeframe.
- Separate chart instances require distinct label names, and the underlying OzymandiasSign indicator is a dependency.
- Alerts and audio notifications can be configured independently from visual display settings.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.