Awesome Oscillator Expert Advisor Setup - Setting Up Awesome Oscillator Expert Advisor

Awesome Oscillator Expert Advisor Setup - Setting Up Awesome Oscillator Expert Advisor - A trader can come up with an awesome oscillator Expert Advisor based on the awesome indicator explained below.

Awesome Oscillator Expert Advisor rules can be combined with other indicators to come up with other Expert Advisor Bots that trade using rules based on two or more indicators combined to form a system.

Awesome Oscillator Analysis & Awesome Oscillator Signals

Awesome Oscillator (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 Oscillator

Technical Analysis & How to Generate Signals

Buy Signal

A buy signal generated once the oscillator moves above Zeroline.

Buy Signal

Another buy signal generated when indicator is above the Zero mark and the colour of the bars change from red to green & 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 gets generated once the oscillator moves below the Zero line.

Sell Trade Signal