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Deep dive into Awesome OscillatorsHello, Skyrexians! We continue our series of educational content. Today it's time to consider the Awesome Oscillator, the indicator introduced by Bill Williams in his book "Trading Chaos". It can be very useful in your crypto trading. A lot of crypto trading strategies use this indicator. You can combine it with other indicators to create your crypto trading algorithm, trading bot or manual cryptocurrency trading strategy. Most of top crypto traders and top crypto trading platforms use it in their automated crypto trading. If you will be aware you to trade using Awesome Oscillator will be able to enhance your automated trading bot, manual trading strategy or setup grid trading bot more effectively. We think there is enough arguments to learn how to use this indicator. Let's start our deep dive! What is Awesome Oscillator? The Awesome Oscillator (AO) is a momentum indicator used in technical analysis to measure the strength and direction of a market trend. It was created by Bill Williams and is designed to help traders identify potential reversals or trend continuations. Key Features of the Awesome Oscillator: Momentum Measurement: The AO measures the difference between a short-term moving average and a long-term moving average, using midpoints of each candlestick rather than closing prices. This provides insights into the market's momentum. Histogram Representation: The indicator is typically displayed as a histogram, with bars oscillating above and below a zero line. Green bars represent increasing momentum (bullish), while red bars indicate decreasing momentum (bearish). The Awesome Oscillator is calculated using simple moving average(SMA) as follows: AO = SMA(5-period) − SMA(34-period) Now let's consider the signals which can be produced by Awesome Oscillator with the examples.
OANDA:XAUUSDEducation
by Skyrexio
Indicators for trading using Bill Williams' Profitunity strategyI published 3 indicators for trading using Bill Williams' Profitunity strategy. For each indicator, I have added a visual and detailed description in English and Russian. In this post I will briefly describe these indicators and how I use them together. AFDSA indicator (Alligator + Fractals + Divergent & Squat Bars + Signal Alerts) Includes Williams Alligator, Williams Fractals, Divergent Bars, Market Facilitation Index, Highest and Lowest Bars, maximum or minimum peak of the Awesome Oscillator, and signal alerts based on Bill Williams' Profitunity strategy: Bullish and Bearish Divergent Bar Signal + Squat Bar + Green Bar + Fake Bar + Awesome Oscillator Color Change + AO Divergence. Crossing the green line (Lips) of an open Alligator. Formation of a fractal. Signal about the breakdown of the last upper or lower fractal. Signal about the appearance of a new maximum or minimum peak of AO in the interval of 140 bars from the last bar. I also added an Alligator display for the higher timeframe, for example, if the chart timeframe is 1 hour, then the higher timeframe will automatically be 4 hours, if the chart timeframe is 4 hours, then the higher timeframe will be 1 day, etc. AOE Oscillator (Awesome Oscillator + Bars count lines + EMA Line) Includes the Awesome Oscillator with two vertical lines at a distance of 100 and 140 bars from the last bar to determine the third Elliott wave by the maximum peak of AO in the interval from 100 to 140 bars according to Bill Williams' Profitunity strategy. Additionally, a faster EMA line is displayed. I also added display of the AO line for the lower timeframe instead of the EMA line if the Moving Average Line values (method, length and source) are equal to the Awesome Oscillator values in the indicator settings. For example, if the chart timeframe is 1 day, then the lower timeframe will automatically be 4 hours, if the chart timeframe is 4 hours, then the lower timeframe will be 1 hour, etc. VBCHL indicator (Visible bars count on chart + highest/lowest bars, max/min AO) The indicator displays the number of visible bars on the screen, including the prices of the highest and lowest bars, the maximum or minimum value of the Awesome Oscillator. The values change dynamically when scrolling or changing the scale of the chart, but with a delay of several seconds, so this feature is included in a separate indicator so as not to slow down the work of other indicators. Indicator settings In the AFDSA indicator I use the following settings: By default, the Squat Bar is colored blue, and all other bars are colored to match the Awesome Oscillator color, except for the Fake bars, which are colored with a lighter AO color. But I also enable the display of "Green" Divergent bars in the "Green Bars > Show" field. I enable the display of Alligator for higher timeframes in the "Alligator for higher timeframe > Enable" field. In the indicator style settings, I disable the display of the highest and lowest bars, maximum and minimum AO peak labels, because these labels are also displayed by the VBCHL indicator depending on the number of visible bars in the chart window. Only after opening a position, I enable all additional alerts in the “Enable all additional alerts” field (after changing this field, you need to re-create the alert for the current chart): crossing the green line of an open Alligator, formation of a fractal, appearance of a new maximum or minimum AO peak. In the settings of the AOE oscillator, I enable the display of the AO line for the lower timeframe instead of the EMA line, setting the same values in the fields for the Moving Average Line (method, length and source) and Awesome Oscillator. In the VBCHL indicator settings, I only enable the simple display text style for labels in the "Simple display text style for labels" field. As a result, when analyzing the current chart, I immediately see all the signals on the chart, the location of the bars relative to the Alligator on the higher timeframe and changes in the Awesome Oscillator on the lower timeframe. And thanks to the VBCHL indicator, I quickly select the desired timeframe for analyzing the 5-wave Elliott impulse, focusing on the interval of 140 bars, and immediately see whether there is divergence between the maximum AO peak and the following lower AO peak in this interval.
OANDA:XAUUSDEducation
by grigorykov
2
EURGBP - Possible Short term Buyprice reaches an order block/demand area and forms a QM pattern (higher high and lower low). if price reaches the left shoulder level (fib retracement of 0.718 and 0.886 - best levels for premium or discount ), it could reverse and go bullish . Divergence also occurs at 30M and 1H tf that backs up the bullish behavior. The overall trend is now bearish after it hits a resistance trendline on a weekly tf. So if in case it goes up then it is just short-term. This is just my analysis. I could be wrong of course.
Long
by Chad_Sniper
<3 <3 <3 I believe in DOGE & ELON MUSK <3 <3 <3I just want to share my opinion on this idea of mine, I know most of you think it will most likely go further down before we see a break out, But I do believe after last nights show and the fact that you can literally draw a EPIC doge FACE on this chart in the 2 hour time frame and the 1 hour time frame. ALL THAT BEING SAID I WILL BE TAKING A LONG POSITION TO 84 CENTS AND THEN I EXPECT ANOTHER SELL OFF TO TAKE PLACE. WE ARE NOT OUT OF THE WOODS YET WE COULD STILL BE GOING FURTHER DOWN BUT I LIKE TO STAY OPTIMISTIC IN TIMES LIKE THIS. I DO NOT SEE THEM SELLING MUCH MORE ONLY BECAUSE IT WOULD END THE DOGE TREND AND VERIFY IT INDEED WAS IN A BUBBLE AND NOT ACTUALLY GOING ANYWHERE! I DO NOT WANT THIS SO PLEASE EVERYONE HDLE AND STAY STRONG , SMART , HEALTHY , & HAPPY!! HAPPY TRADING EVERYONE THIS IS NOT FINANCIAL ADVICE ONLY MY PERSONAL OUTLOOK ON CRYPTOCURRENCY / DOGE. <3 TO THE MOON <3
FTX:DOGEUSDLong
by PacMan1337
MID-DAY Review {Thought process of a trade} Day 2Hello everyone! sorry for the background noise haha. First things first make sure to have your weekly research done (fundamental and sentiments). Today we went over my thought process of the day and that involves first moving from the higher timeframe to the lower timeframe chart. You have to first understand the overall trend and zones, you can do this with trendlines and zones. Once you have done that you can further move into getting into a trade, primarily based around momentum, you want to be able to understand what trade to get into and when is also important. Next, you make sure you have your zones laid out, you have to determine what kind of trade you're getting into as well (Counter-trend or a trend favored trade). Lastly, you want to get your entry on the lower timeframe but once you're in the trade, monitor both charts but focus on the higher timeframe chart more (ONCE YOU'RE IN THE TRADE). This should allow you to understand the broad view of the market. Have a wonderful day! peace and love!!
by offgridtradess
Another wrap around the indicators, also possible updates.Hello!! just a few updates on things that are gonna take place (maybe, maybe not). Looking forward to just getting everyone set up on this new view of the market while just staying in a small corner of my trading plan. I prefer my ideas not to become oversaturated. I just included my ideas for the future and current market ideas, also I've added the best time frames for what exactly you are trading. Less research for you, that way you can focus more on practicing and perfecting your trading with the Bubbles strategy :) Enjoy and message me if you need help or a specific question.
FX:US30Education
by offgridtradess
This will be HUGE! Awesome news behind the corner.. !There will be big announcement very soon which may shoot SC in much higher levels. As you can see here (siastats.info), the usage of Sia network is rapidly growing but with this news it will be flying as well as the SC price..this will be something (just wait for official announcement). This may start bullrun like in 2nd half of 2017. Rememeber: Don't think of SC just as speculation altcoin. SC is completely different than other altcoins - it has great utility which is growing and adoption is ongoing, so owning some SCs is simply win-win. When you buy SCs at right spot, it can bring a lot of money in the future BUT even if not, you can still use it to store your own data in fully decentralized cloud (without any 3rd party observer) for a very cheap price. Amazon S3 and Google Cloud with their price 20+$ per TB can go burn themselves in comparison with Sia where price per TB is about $1.3 + decentralized. Just think about these facts.. but still.. this is just my personal opinion. Your money, Your responsibility! Always invest just that much money you can afford to loose (that is my best advice). Happy trading!
SLong
by MrCrypto007
4
WHAT WE'VE GOT OVER HERE.. ?? HMMM :D EURAUD 25/11/2019Hello Traders! We would like to show you a game... While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs. Targets are marked on the chart as a cross air. Heart in the box - a place to jump in/out PIG in the box - places to be aware of a few different types of reactions from this level Target sign - the first target to focus on Thunder sign - spot to react - possible jump to push into reversal Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy. Like it if it was helpful to you. We appreciate the likes and comments. Provided feedback helps us with the future service. Got questions? Feel free to PM us! Thank you for your attention, GOD BLESS U ALL!
by Snipers-Academy