Ozymandias Standard-Deviation Indicator for Trend Strength

Summary

This brief description presents Ozymandias_StDev as a variation of the Ozymandias indicator that adds a trend-strength cue. It uses the standard deviation of the Ozymandias indicator and compares that value with a configurable threshold, named dK, whose stated default is 2.0. When the standard deviation exceeds the threshold, the indicator plots a colored rhombus on the moving average; the color represents the current trend direction.

The text explains the trigger and visual encoding, but does not specify the full calculation, the lookback period, how trend direction is assigned, or how a trader should use the marks to enter or exit positions. It provides no chart evidence, backtest, performance results, or discussion of parameter sensitivity. The indicator can therefore be understood as a visualization for identifying periods when the measured trend variation clears a chosen threshold, rather than as a complete trading strategy or evidence of predictive value.

Key ideas

• The indicator adds a trend-strength cue to the Ozymandias indicator using standard deviation.
• A rhombus appears on the moving average when standard deviation exceeds the configurable dK threshold.
• The rhombus color indicates the current trend direction.
• The description gives no backtest evidence, trading rules, or parameter-sensitivity analysis.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.