Awesome Oscillator (AO)
Awesome oscillator: the 5-bar minus 34-bar simple average of the bar middle, a histogram of market momentum.
How to read it
- Bars above zero: short-term momentum above long-term; below zero: the reverse.
- Green bars mean momentum is rising, red bars falling.
- Zero-line crosses and twin peaks are common signals.
Key settings
- Fast length 5, slow length 34.
Good to know
- Drawn in its own pane below the chart.