The Awesome Oscillator (AO)
The Awesome Oscillator (AO) is a histogram-type indicator designed to measure market momentum. It was first introduced by Bill Williams. The intent of this indicator is to show what is happening to the momentum of a currency pair in recent trading within the context of a wider time frame. The indicator is used to confirm the trends and determine possible reversal points. The Awesome Oscillator indicator demonstrated under the price line How does it work? The idea behind the Awesome Oscillator is simple. Basically, the indicator is a moving average…
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