![advanced get oscillator advanced get oscillator](http://www.viratechindia.com/images/advancedget/Advanced-GET-Elliot-Waves-th.gif)
The third histogram bar is red and lower than the second one.Two consecutive histogram bars are green (rising).Place a buy order on the open of the fourth bar.The third histogram bar is green and higher than the second one.
![advanced get oscillator advanced get oscillator](https://tradingstrategyguides.com/wp-content/uploads/2017/06/AwesomeOscillator4.jpg)
Two consecutive histogram bars are red (falling).The Awesome Oscillator serves ‘Saucer’ buy and sell opportunities using 3 histogram bars as follows: A cross above zero confirms that an uptrend has formed, and traders should seek opportunities to place only buy orders in the market whereas a cross below zero confirms that a downtrend has formed in the market and traders should only seek to place sell orders. This is a straightforward strategy because of the computation of the Awesome Oscillator.
![advanced get oscillator advanced get oscillator](https://i.ytimg.com/vi/yqLVLlU47Ok/hqdefault.jpg)
Here are the best signals to trade with when using the Awesome Oscillator: A rising green histogram indicates that the Awesome Oscillator value is higher than the previous bar, whereas a falling histogram indicates that Awesome Oscillator value is lower than the previous bar. Thus, it is possible to have red bars above zero, and green bars below zero. The bar colours of the Awesome Indicator are based on indicator values within a certain period. Thus, the basic interpretation of the Awesome Oscillator is that a reading above zero confirms an uptrend is in place, whereas a reading below zero confirms a downtrend is intact. Basically, a positive reading implies that the fast-moving average (5-period) is greater than the slow-moving average (34-period) likewise, a negative reading implies that the slow-moving average is greater than the fast-moving average. Like candlesticks, green bars indicate that the AO is higher than the previous bar, while a red bar shows that the AO is lower than the previous bar.īecause it plots the difference between a fast-moving and slow-moving average, the Awesome Oscillator prints both negative and positive values. The Awesome Oscillator (AO) is then plotted as a histogram that swings above and below the 0 centreline, and it prints red and green bars. The formula to calculate the Awesome Oscillator is as follows:Īwesome Oscillator = SMA (MEDIAN PRICE, 5)-SMA (MEDIAN PRICE, 34) This essentially means that the 34-period simple moving average is a smoothed line of the mid-points of the last 34 candlestick bars, whereas the 5-period simple moving average is a smoothed line of the mid-points of the last 5 candlestick bars. The awesome part may well be that simple moving averages are plotted using median prices of candlesticks rather than the typical closing price. Other popular Bill Williams’ indicators include the Accelerator Oscillator, Fractals, Gator Oscillator, Alligator and the Market Facilitation Index.īy definition, the Awesome Oscillator is a 34-period simple moving average subtracted from a 5-period simple moving average. But while most oscillators usually swing between defined values such as ‘0 to 100’ or ‘-100 to +100’, the Awesome Oscillator is unbounded. The Awesome Oscillator is based on a combination of moving averages, but its ‘awesomeness’ is illustrated by the clear and straightforward trading signals that it generates.Īs its name suggests, the Awesome Oscillator belongs to the broader group of oscillators, which consists of indicators such as the RSI, Stochastics and MACD.
![advanced get oscillator advanced get oscillator](http://www.dolphintrader.com/wp-content/uploads/2017/04/Advanced-Get-Oscillator-Forex-Trading-System.png)
The Awesome Oscillator was developed by the legendary chartist Bill Williams, who described it as the ‘best momentum indicator’ that is ‘as simple as it is elegant’. The aptly named Awesome Oscillator is an amazing technical analysis indicator designed to measure the underlying market momentum as well as to confirm trends and anticipate reversals. Trading with Awesome Oscillator at AvaTrade.