Hello ,everyone!
The Awesome Oscillator is the very powerful indicator, which can help to define the true market movement direction. Bill Williams used this indicator as part of the Trading Chaos system. He distinguish 3 types of signals. In this article we consider only long signals. Short signals looks like the long signals if you do exactly the opposite. Moreover, soon I will publish the indicator on TradingView which automatically defines the long and short signals.
1. Buy Signal “Plate”
This signal you can see on the chart above. For “plate” signal we need 3 columns on AO histogram. The central one should be less than the two other. Another one condition is that all three columns should be above zero line. When we define the signal bar, we should place buy order in the one tick above the signal bar’s high.
2. Buy Signal “Two Peaks”
For this signal we need all AO columns below the zero line. The first peak should be below the second peak. The signal bar is the next one after the peak bar as you can see on the chart. When we define the signal bar, we should place buy order in the one tick above the signal bar’s high.
The Awesome Oscillator is the very powerful indicator, which can help to define the true market movement direction. Bill Williams used this indicator as part of the Trading Chaos system. He distinguish 3 types of signals. In this article we consider only long signals. Short signals looks like the long signals if you do exactly the opposite. Moreover, soon I will publish the indicator on TradingView which automatically defines the long and short signals.
1. Buy Signal “Plate”
This signal you can see on the chart above. For “plate” signal we need 3 columns on AO histogram. The central one should be less than the two other. Another one condition is that all three columns should be above zero line. When we define the signal bar, we should place buy order in the one tick above the signal bar’s high.
2. Buy Signal “Two Peaks”
For this signal we need all AO columns below the zero line. The first peak should be below the second peak. The signal bar is the next one after the peak bar as you can see on the chart. When we define the signal bar, we should place buy order in the one tick above the signal bar’s high.
Bình luận:
Bình luận:
3. Buy Signal “Zero Line Crossover”
This is the simplest AO signal, but in my opinion is the least efficient one. We just need the fact that the current bar is above zero line and the previous one is below zero line.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
This is the simplest AO signal, but in my opinion is the least efficient one. We just need the fact that the current bar is above zero line and the previous one is below zero line.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Skyrex.io is an AI-powered platform designed to make professional-level cryptocurrency trading effortless and accessible for everyone
Access free SmartTrade terminal and automated AI bot at app.skyrex.io
Access free SmartTrade terminal and automated AI bot at app.skyrex.io
