Bill Williams indicators
Awesome Oscillator (AO)
The gap between a 5-period and a 34-period average of the median price, drawn as green and red bars.
Die Idee in einfachen Worten
It compares the most recent momentum (5 candles) with the broader momentum (34 candles). Above zero, the short-term force is stronger than the long-term one.
So wird gerechnet
Simple averages of the median price; the bar is green if higher than the previous bar, red if lower.
AO = SMA((high + low) ÷ 2, 5) − SMA((high + low) ÷ 2, 34)Anwendung
- Zero-line cross: from below to above is bullish, the reverse bearish.
- Saucer: above zero, a red bar followed by a green bar is a buy signal (and the opposite below zero).
- Twin peaks: two lows below zero, the second higher, followed by a green bar: a bullish divergence.
Schlüsse ziehen
- AO is a momentum gauge, not a level: compare bars with each other.
Beispiel
AO crosses above zero on EURUSD daily and stays green for several bars: momentum has turned up.
Kurse in Beispielen dienen der Veranschaulichung.
Worauf man achten sollte
- Like most momentum tools, it gives false signals in ranges.
Ein wenig Geschichte
Bill Williams, "New Trading Dimensions" (1998).
Nur Bildungsinhalte. Kein Indikator und kein Muster sagt die Zukunft voraus, und nichts hier ist eine Anlageberatung.