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Bill Williams Awesome Oscillator (AO) for Metastock
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Tags:
metastock, oscillator
The Awesome Oscillator is an indicator used to measure market momentum. AO is calculated as the difference of a 34 Period and 5 Period Simple Moving Averages. The Simple Moving Averages that are used are not calculated using closing price but rather each bar’s midpoints. AO is generally used to confirm trends or to anticipate possible reversals.
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Files
Indicator / Formula
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{ Chaos Awsome Oscillator Signal Line }
{ Plot as line over AO histogram }
Mov(Mov(MP(),5,S) - Mov(MP(),34,S),5,S)Copy & Paste Friendly
{ Chaos Awesome Oscillator - measures momentum }
{ A very close approximation of MFI }
{ Plot as histogram }
Mov(MP(),5,S) - Mov(MP(),34,S);0 comments
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