OPEN-SOURCE SCRIPT
Awesome Oscillator Plus
Atualizado
The Awesome Oscillator is an indicator used to measure market momentum. AO calculates the difference of a 34 Period and 5 Period Simple Moving Averages. The Simple Moving Averages that are used are not calculated using closing price but rather each bar's midpoints. AO is generally used to affirm trends or to anticipate possible reversals.
The Awesome Oscillator's saucer is a trading signal that many analysts use to identify potential rapid changes in momentum. The saucer strategy involves looking for changes in three consecutive bars that are on the same side of the zero line.
AO's saucers can be either bullish or bearish. A bullish saucer can be identified when the awesome oscillator is above the zero line and there are two consecutive red bars – with the second bar being lower than the first – which are followed by a green bar.
On the other hand, a bearish saucer can be identified by two consecutive green bars below the zero line – with the second bar being lower than the first – which are immediately followed by a red bar.
Bullish saucer = Background and green arrow
Bearish saucer = Background and red arrow
Alerts can be triggered when a bullish or bearish saucer occurs.
Blue dots mean that the maximum or minimum of 150 periods has been exceeded (you can change the number of periods). Also added a signal line which can be exchanged for different moving averages.
The MACD line and histogram have a setting of Fast MA = 13, Slow MA = 21 and Signal = 8.
Added light blue dots as bullish signals (MACD line below zero and line crossing) and pink dots as bearish signals (MACD line above zero and line crossing). Alerts can be activated to notify such signals.
The Awesome Oscillator's saucer is a trading signal that many analysts use to identify potential rapid changes in momentum. The saucer strategy involves looking for changes in three consecutive bars that are on the same side of the zero line.
AO's saucers can be either bullish or bearish. A bullish saucer can be identified when the awesome oscillator is above the zero line and there are two consecutive red bars – with the second bar being lower than the first – which are followed by a green bar.
On the other hand, a bearish saucer can be identified by two consecutive green bars below the zero line – with the second bar being lower than the first – which are immediately followed by a red bar.
Bullish saucer = Background and green arrow
Bearish saucer = Background and red arrow
Alerts can be triggered when a bullish or bearish saucer occurs.
Blue dots mean that the maximum or minimum of 150 periods has been exceeded (you can change the number of periods). Also added a signal line which can be exchanged for different moving averages.
The MACD line and histogram have a setting of Fast MA = 13, Slow MA = 21 and Signal = 8.
Added light blue dots as bullish signals (MACD line below zero and line crossing) and pink dots as bearish signals (MACD line above zero and line crossing). Alerts can be activated to notify such signals.
Notas de Lançamento
Added the MACD signal line (yellow), the dark background option and the middle line.The different options shown to the indicators have been grouped at the beginning for quick selection.
Various types of moving stockings were added. Between them "Ultimate Smoother" which is an implementation of the digital smoothing filter introduced by John Ehlers in his article "The Ultimate Smoother"
The "Awesome Oscillator" signal line now has 4 colors, above the zero level the light green color indicates bullish strength, and the dark green loss of strength, the same for the red color when the signal is below the zero level.
Notas de Lançamento
The indicator adds vertical background lines to the chart when the AO crosses zero, both when it crosses from negative to positive (upside) and from positive to negative (downside).Notas de Lançamento
The "Sling Shot System" was added, the version modified by the user "UDAY_C_Santhakumar":Three Moving Averages: The system now utilizes three Exponential Moving Averages (EMAs) with customizable periods (default: 13, 21, and 34).
Channel Indicator: A channel indicator (default: 89 periods) has been added to visually identify potential trend reversals.
Trend Signals:
Uptrend: When all three EMAs are above the channel.
Downtrend: When all three EMAs are below the channel.
No Trend: When the EMAs are within the channel.
Color-Coded Signals: A visual indicator at the bottom displays the current trend using color-coded spheres:
Green: Uptrend
Light Blue: No Trend
Red: Downtrend
Channel Flexibility: You now have the option to ignore the channel indicator, focusing solely on the EMAs for trend analysis.
Customization: The periods and type of moving averages can be adjusted to suit your specific trading strategy.
Script de código aberto
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