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 Trading Signal
A buy signal generated once the MT4 Indicator moves above the Zero line.
Buy Trade Signal
Another buy signal generated when MT4 Indicator is above the Zero mark and the colour 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 Trading Signal
Sell Trade Signal
A sell signal is generated once the MT4 Indicator moves below the Zero line.
Sell Trading Signal
More Topics and Courses:
- How Can I Trade SMI 20 Tutorial to Trade SMI20 Stock Index?
- How is SPAIN35 Indices Traded in the MetaTrader 4 & MT5 Software?
- Inserting Line Studies Tools on the MetaTrader 4 Gold Platform
- What is NZDSGD Spreads?
- IT40 Stock Indices Strategy How to Make Indices Trade Strategy for IT40
- What is Ehler MESA Adaptive MA Indicator?
