Awesome Oscillator Stock Indices Technical Analysis and Awesome Oscillator Stock Indices Signals
Awesome Oscillator (AO) is a 34-period simple moving average that is drawn through the middle points of the bars (H+L)/2, and then this is subtracted from the 5-period simple moving average.
Stock Indices Technical Analysis and Generating Stock Indices Signals
A buy stock indices signal generated once the oscillator moves above the Zero line.
Buy Stock Indices Signal
Another buy stock indices signal generated when 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.
A sell stock indices signal is generated once the oscillator moves below the Zero line.
Sell Stock Indices Signal