Blog : AO - Awesome Oscillator Indicator
AO - Awesome Oscillator
The Awesome Oscillator measures market momentum by calculating the difference between the 34-period and 5-period Simple Moving Averages of each bar's midpoints, rather than closing prices. It is used to confirm trends or anticipate possible reversals by plotting a line that fluctuates above and below a zero line.
| AO Inputs | |
|---|---|
| Fast Period | 5 |
| Slow Period | 34 |
| Long - Entry Trigger | Long - Exit Trigger | Short - Entry Trigger | Short - Exit Trigger |
|---|---|---|---|
| (AO Shift Green or AO crossover 0) and AO > 0 | AO crossunder 0 | (AO Shift Red or AO crossunder 0) and AO < 0 | AO crossover 0 |
| Long - Entry Confluence | Long - Exit Confluence | Short - Entry Confluence | Short - Exit Confluence |
| AO > 0 | AO < 0 | AO < 0 | AO > 0 |