Awesome Oscillator

Awesome Oscillator is a momentum oscillator Indicator used to determine the momentum of a market. This indicator determines the difference between the Length 1 (which is usually Simple Moving Average at 5 data points) and Length 2 (which is usually Simple Moving Average at 34 data points). This difference is what determines the value[s] of the Awesome Oscillator. Buy trade signals are generated when the oscillator moves below 0, while sell trade signals are generated when the oscillator moves above 0.

Tip: Use during sideways markets or to confirm trends with reversed signals.

Interface

Supported license & Trade types

Supported License	Supported Trade Types
Beginner license	Spot trading
Simple license	Margin trading
Advanced license	Leverage trading

Formula

Price Mid Point = (High + Low) / 2

Fast SMA = SMA(Mid Point, Length 1)

Slow SMA = SMA(Mid Point, Length 2)

AWS Osc = Fast SMA - Slow SMA

General Settings

• Exchange Website to monitor

• Currency Pair to monitor for trade signals

• Update Speed

• Trade Signals

Tip: The exchange doesn't have to be the same exchange you are currently trading on.

Indicator Settings

• Length 1

  • Represents the number of candles used for the shorter length calculation.

• Length 2

  • Represents the number of candles used for the longer length calculation.

• Buy Threshold

  • When the calculation result is equal or below this value, the indicator will generate a buy signal.

• Sell Threshold

  • When the calculation result is equal or above this value, the indicator will generate a sell signal.

Usage

It is recommended to use this indicator during sideways markets so that you catch the dips and rises to maximize your profit. Users can also experiment with this indicator at different time intervals for some interesting results. Users may also combine this with other indicators that produce good trade signals during a sideways market.