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.
Идея простыми словами
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.
Как считается
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)Как использовать
- 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.
Выводы
- AO is a momentum gauge, not a level: compare bars with each other.
Пример
AO crosses above zero on EURUSD daily and stays green for several bars: momentum has turned up.
Цены в примерах приведены для иллюстрации.
На что обратить внимание
- Like most momentum tools, it gives false signals in ranges.
Немного истории
Bill Williams, "New Trading Dimensions" (1998).
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