I want to know how "Awesome Oscillator" work flag in Forex? I would not change, and I search and find Awesome Oscillator (AO), and read about it, but it is not complete and it is useless if you can help me please.
Firstly, if you do not rely on forex technical analysis (if markets are efficient analysis technique does not work, and if they do not work ... do you really want to Forex? Be that he is here is your answer
Awesome Oscillator Technical Indicator (AO) is a simple 34-period moving average, plotted through the midpoints of the bars (H + L) / 2, which is subtracted from the 5-period simple moving average, built across the points central bars (H + L) / 2. It shows what happens on the engine market at present.
Buying Signals:
Saucer Nought line crossing, two spades
The signals are identical to sell buy signals. The signal is inverted and the saucer is less than zero. Nought line crossing is in decline - the first column since it is the nothingness, the second is applied. The two pikes signal is higher than the line of anything and is also reversed.
You can read a detailed model to http://www.smrussell.net/papers/StockFra ...
Posted on January 10, 2010.