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Bill Williams Awesome Oscillator (AO) for Metastock
carla
over 10 years ago
Metastock

Rating:
0 / 5 (Votes 0)
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.

Screenshots

Files

Indicator / Formula

Copy & Paste Friendly
{ Chaos Awsome Oscillator Signal Line }
{ Plot as line over AO histogram }

Mov(Mov(MP(),5,S) - Mov(MP(),34,S),5,S)
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{ Chaos Awesome Oscillator - measures momentum }
{ A very close approximation of MFI }
{ Plot as histogram }

Mov(MP(),5,S) - Mov(MP(),34,S);

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