2 Attachment(s)
All about Awesome Oscillator & Variant
Awasome Oscillator Normalized Line MTF
Displays two LEDs Awasome Oscillator [AO] with different parameters in One window.
For each indicator, you can specify:
- Timeframe
- The period for calculating moving averages (see. The principle of the indicator)
- Display Mode - histogram or line
The indicator is normalized to a value of about zero points.
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Awesome Oscillator Trader
Awesome Oscillator Trader - expert for MetaTrader 4
Attachment 35664
Quote:
This EA uses a modified Awesome Oscillator (AO) indicator. A Buy signal is generated when a negative AO green bar appears after consecutive negative red bars. A Sell signal is generated when a positive AO red bar appears after consecutive positive green bars. Stochastics and Bollinger Bands are also used as trade entry filters. An open trade can be closed based on an AO bar color reversal. The red/green (up/down) indicator buffers and the fast/slow AO periods are accessed in the EA using the iCustom() function. AwesomeV2.mq4 should be placed in the Indicators folder. This EA uses the H4 EURUSD chart and is tested from Jan 2010 thru April 2019.
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Learn how to design a trading system by Awesome Oscillator
Attachment 46538
Quote:
Here is a new article in our series about learning how to design a trading system based on the most popular technical indicators for beginners through learning the root of things. We will learn a new technical tool in this article and it will be the Awesome Oscillator indicator as we will identify it in more detail to learn what it is, what it measures, and how to use it based on the main concept behind it through simple strategies, and how to create a trading system based on these mentioned strategies.
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MQL5 Wizard Techniques you should know (Part 50): Awesome Oscillator
Quote:
The
awesome oscillator is another indicator that was developed by the legendary investor
Bill Williams, besides the Alligator that we considered in the
last indicator-pattern article. In principle, it is designed to measure market momentum and help pinpoint potential changes in prevalent trends.
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