Awesome Oscillator Indicator MT4 Indicator Signals

Awesome MT4 Indicator (AO) is a 34-period simple moving average that is plotted through the middle points of the bars (H+L)/2, and then this is subtracted from the 5-period simple moving average.

Awesome MT4 Indicator

MT4 Indicator and How to Generate Signals

Buy Signal

A buy signal generated once the MT4 Indicator moves above the Zero line.

Buy Signal

Another buy signal generated when MT4 Indicator is above the Zero mark and the color of the bars change from red to green and the green bar is higher than the red bar forming a V or U shape. The signal is confirmed after three green bars are formed.

Buy Signal

Sell Signal

A sell signal is generated once the MT4 Indicator moves below the Zero line.

Sell Signal