Awesome Oscillator


Function Name: ao

Tags: Oscillator

Category: Trend

The Awesome Oscillator determines the market momentum on the last five bars, comparing them to the momentum of the last 34 bars. The oscillator is calculated as the difference between the 34-period and 5-period Moving Average at the mid price and is displayed as a histogram.

It can be used in combination with the Alligator indicator, i.e. buy and sell signals are only triggered outside of the Alligator's "mouth". Buy and sell signals are supposed to be signified by a cross of the zero line, when the bar chart reverses direction or when two consecutive pikes are rising / falling.


Author:   Bill Williams





Default Value: 0


Type: Boolean



Default Value: -1


Type: Boolean