Awesome Oscillator Technical
Indicator (AO) is a 34-period simple moving average, plotted through the
middle points of the bars (H+L)/2, which is subtracted from the
5-period simple moving average, built across the central points of the
bars (H+L)/2. It shows us quite clearly what’s happening to the market
driving force at the present moment.
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| Awesome Indicator |
This indicator plots the oscillator as a histogram where blue denotes
periods suited for buying and red . for selling. If the current value
of AO (Awesome Oscillator) is above previous, the period is considered
suited for buying and the period is marked blue. If the AO value is not
above previous, the period is considered suited for selling and the
indicator marks it as red.
Caution: Don't follow only one indicator, use other indicators to confirm buy-sale signals
AFL: Awesome Indicator afl (to download afl click here)
(download this afl file, unzip and paste it in custom folder under Formals in AmiBroker)
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