Awesome Oscillator (AO) determines market momentum at a given time on the last 5 bars, comparing them to the momentum on the last 34 bars. There are many ways it can be used but in a nutshell, it quickly shows the current bearish/bullish trend (green = bull, red = bear).
The background is highlight red/green to highlight bars matching the "Saucer" criteria (1 of the many ways it can be used)
Awesome Oscillator Saucer buy signal:
Generated when the histogram which is above the zero line changes its direction from falling to rising. Once the signal has been generated, place a Buy Stop one tick above the high of the price bar that's highlighted. The most recent saucer signal cancels all previous ones (do not forget to delete pending orders after the signal is cancelled).
Opposite is true for an AO "Saucer" sell signal.
The background is highlight red/green to highlight bars matching the "Saucer" criteria (1 of the many ways it can be used)
Awesome Oscillator Saucer buy signal:
Generated when the histogram which is above the zero line changes its direction from falling to rising. Once the signal has been generated, place a Buy Stop one tick above the high of the price bar that's highlighted. The most recent saucer signal cancels all previous ones (do not forget to delete pending orders after the signal is cancelled).
Opposite is true for an AO "Saucer" sell signal.
릴리즈 노트:
Updated Shading
릴리즈 노트:
Added an hourly cross-over heatmap to the top of the AO
릴리즈 노트:
Colours -- Crossover heatmap is for the hourly MA on any timeframe
릴리즈 노트:
Added Divergence
릴리즈 노트:
Updated logic
릴리즈 노트:
Added Alarms
릴리즈 노트:
Updated logic for arrows
릴리즈 노트:
Updated logic