Click here to Login








Awesome Oscillator Indicator

by Brian Brown, 4353 days ago
Share |






The Awesome Oscillator is an indicator that measures the momentum of the market. It consists of calculating the midpoint (high minus low divided by two) and creating two moving averages based on this series. The first moving average uses a 534-bar period and it is subtracted to the second one, which uses 5-bar period. These are the default periods. They can be changed easily in the indicator parameters.

Formula to plot the Awesome Oscillator Indicator:

a = AwOsc(5, 34);
plot(a, "", colorBlue, ChartBar);

The above instructions when applied to a chart display a histogram of the Awesome Oscillator.

You can plot increasing bars in green and decreasing bars in red by adding the following two lines:
UpdateColor(a > a[1], colorGreen);
UpdateColor(a < a[1], colorRed);


There several ways to use the awesome oscillator indicator in your strategy.

Interpretation Example:
The buy signal occurs when the indicator moves from negative to positive. In other words, the signal occurs when the indicator crosses the zero line from below.
The sell signal occurs when the awesome oscillator indicator crosses the zero line from above.

Technical analysis with the awesome indicator is suitable for markets that sustain long stable trends. For volatile and unstable markets, it is better to search for other indicators to study.


Share This ->
Share |


You have to log in to bookmark this object
What is this?
Additional Information




Type: Trading Indicator

Object ID: 1228


Country:
All

Market: All

Style:
Technical Analysis

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects

Empty

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

How to Select the Best Market Indicator for your Trading System

4 Market Composite Indicators Based on Industry Data

Industry Analysis - How to Compare Stocks with their Industries

How to Backtest Each Stock or Asset Individually

QuantShare Programming Language Tutorial

Sentiment Analysis: How to measure the sentiment score of your stock tweets

Running QuantShare on Amazon's EC2 Cloud & Automate Strategies Signals

Money Management: Optimize the scale-in strategy

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright © 2024 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.