The OSMA Indicator MT5 is one of the most popular and useful Forex indicators available for free. It is based on the moving average convergence divergence (MACD) indicator and uses the same principles to measure the momentum of a currency pair. The OSMA Indicator MT5 can be used to identify entry and exit points in the market, as well as to confirm the direction of the trend. It can also be used to identify overbought and oversold conditions.