Omega Trend Indicator’s uses two main trend lines to track market activity. The thicker Trend Line represents the estimated upper and lower volatility limits for the currency pair. A break in this line signals a potential reversal or shift in market movement – a potential trading opportunity. You can use the Trend line to quickly determine where to set your stop loss order. The Trend Line also keeps you updated on the direction of the overall market – pink signalling a down trend and blue an up trend.
The second (thinner) line is the Pivot Line. Use this line to see the presumed Pivot level in the market. A break in this indicator signals short-term scalping opportunities.
As you can see, we’ve made it easy for you to assess the market and your positions at a glance.
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