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Awesome Oscillator (AO)

Awesome Oscillator (AO) - Two EMA / SMA Awesome Oscillator with EMA indicator plots Awesome Oscillator indicator (Bill M. Williams) on Two Exponential Moving Averages. The value of the Awesome Oscillator indicator is calculated as the difference between moving averages over these two time frames. Rather than using closing prices, though, these moving averages use the midpoints of the bars (i.e. halfway between the high and the low). Midpoint = (H + L)/2 AO = Fast Moving Average - Slow Moving Average The indicator subtracts the Fast Moving Average from the Slow Moving Average and plots this value as a histogram. It measures the market momentum with the aim to detect potential trend direction or trend reversals and momentum. How to read the Indicator ? When AO is greater than zero line, it is an uptrend. When AO is less than zero it is a downtrend. Rising AO indicates momentum intact. Falling AO indicates momentum loosing the steam. When AO is nearing zero, one can expect the trend reversal & big move in opposite direction in trending market.
Pine Script™ indicator
by MaestroTrader
EOD TraderMy EOD (End of Day) system for trading on the daily timeframe with minimum stress. Just pair the built-in alerts with the bot of your choice and then let the indicator do the rest. It'll determine the current trend, filter out as much noise as possible and then take you from long to short. There are options to toggle the following: Auto fibonacci levels with alerts for the look-back period of your choosing Auto support and resistance with alerts Alerts for the price closing above/below the 50MA A coloured background to show the trend direction (green = up, red = down) The fib and support levels can be handy when trying to determine when best to take profit or even exit the trade entirely. Important: I personally use Heikin Ashi candles with this script to further filter entries. An option is available within the script settings to toggle this on/off should you wish to do the same. This is a premium script. Please DM me for access.
Pine Script™ indicator
by colinmck
55
Awesome Oscillator_VTX Abbreviations: AO - Awesome Oscillator AC - Accelerator Oscillator TP - TimePeriod (1m,2m,5m,1h....) TP Steps - 1m,3m,12m,1h,5h,D (This steps i use) Use-case: Awesome Oscillator best used to find Divergence/Convergence what results in Weakening of Momentum and Price reversals. This script calculates and plots AO/AC with minute precision, removing GAPS when projecting Higher Period AO/AC. So you can accommodate all important information on one chart with best precision. Made for Intraday Perioads. Best used for DayTrading, when you need to make quick and efficient decisions. Calculation = Preferred resolution * Length / Present resolution. As Additional Function, this Awesome Oscillator has AC built in. Settings: Resolution - Most used TP included, plus some exclusive paid plans (1m, 2m, 3m, 5m, 12m, 15m, 1h, 4h, 5h, Daily). Default set to 1h Use AO - You can switch between EMA and SMA for FastMA/SlowMA calculation. Default set to EMA FastMA - standard function. Default set to 5 SlowMA - standard function. Default set to 34 Signal Line - Plots MA to show Momentum. Uses EMA/SMA based on "Use AO" selection. Default set to 5 Use AC - You can switch between EMA and SMA for AC calculation. Default set to SMA Offset - standard function. Default set to 0 Accelerator - AC length. Default set to 5 Source - standard function. Default set to hlc3 Why to use it ? Yes, i know that variable TP is standard now in TradingView. But there are some limitations, especially for DayTraders. Problem: Imagine you are trading/scalping on 1m.. 5m.. 15.. charts and you want to see where are your on Higher TP. -- You can change to 1h and check it, but you will loose the picture from smaller TP. -- You can use Standard TP function, but your data will update every 15m, 1h (depends on TP). And in result you have Gaps between bars. Solution: This script help to solve this problem, by breaking information down to 1m and building from there. So whatever Intraday TP you choose to trade, your AO/AC will be updated with minute precision. Limitations: Sadly nothing without limitations. 1. For Best performance use only Higher TP dividable By Yours (ex. You use 3m chart, then you can plot 12m, 15m, 1h / You use 5m chart, then you can plot 15m, 1h. 12m will already have 3m of information lost using 5m Chart )
Pine Script™ indicator
by VikontTrade
4
PRISM Oscillators Set {PREMIUM}The PRISM Oscillator Set consists of: (1) A modified-pSAR derived main driving oscillator (P-Oscillator). (2) With MAJeStic (Momentum, Acceleration, Jerk, Snap) Oscillators Set (M-, A-, J-, S-Oscillators respectively). User can switch the main oscillator to RSI-mode (default), as well as reverting to configurable EMA/SMA MACD mode as well. The P-Oscillator The P-Oscillator (centered at 50 in the y-axis) indicates the instantaneous bullish/bearish cycle of the market, and the degree of which. A MA-line is provided as well (VWMA-mode is set as the default, but user can choose to switch to SMA-mode). The crossing of the P-Oscillator into its MA-line signals a significant turn in the P-Oscillator , similar to how the cross between MAs are being used to signal a golden/death-cross (example: P-Oscillator crossing down its MA-line indicates a probable shift into the bearish phase). The MAJeStic-Oscillators The MAJeStic-Oscillators are derived from the main P-Oscillator . The M-Oscillator is the momentum oscillator, to more clearly visually indicate the current momentum phase of the main P-Oscillator -- i.e. when the oscillator is above the zeroline at -50, the P-oscillator is in an uptrend; and the magnitude of which indicates the velocity (or to be more precise, the speed) of the current momentum trend. The AJ-Ribbon consists of the acceleration and jerk oscillators, to indicate the hidden underlying trends in the momentum. They can be thought of as the hidden force/hand that pushes and pulls the momentum oscillator upwards or downwards. Both the M-Oscillator and the AJ-Ribbon are y-shifted down with its zeroline set at -50, simply for the purpose of clarity of presentation for this multiple-oscillator script. The S-Oscillator is centered about the 0 as its zeroline. It is a highest-order indicator, derived from the AJ-Ribbon , and is an extremely sensitive indicator -- which is able to dig up even the more subtle market trends that may later cascade into a more macro trend. For example: when it crosses from the negative into the positive (especially with a steeply positive slope) and holds above the zeroline, it is then likely that price will see some upside movement ahead (depending on the magnitude of the oscillator as well), even if it may presently be simply moving sideways or even downwards (i.e. a divergence in the S-oscillator wrt the current price movement). The alignment of the various indicators gives the clearest signal of the market trend, however, that naturally isn't always the case. Hence, when signals from the oscillators looks conflicted, the higher order oscillators (i.e. the AJ-Ribbon, and the S-Oscillator) will be helpful indicators of possible movement incoming; alternatively looking for divergence and hidden divergence of the P-Oscillator (set to RSI-mode) is also an effective strategy. This oscillator set is suitable to be applied on any timeframes and on any charts. This oscillator does not give precise price targets, but only offers a qualitative view of the present as well as the probable incoming price action. To (attempt to) predict price targets, I personally use the PRISM Oscillator Set in conjunction a combination of various support & resistance analytical strategies: e.g. VPVR-levels, moving averages, trend-lines, Ichimoku Cloud, etc. and looking/waiting for sufficient candle closing and break-outs for confirmation, etc. The PRISM Oscillator Set provide a momentum-focused perspective of the current market. While my other script, Cyber Ensemble ( which generates buy/sell signals base on the scoring of a large ensemble of technical indicators + and modified by a series of filters ), provides a technical perspective of the current market; and which I frequently use conjunction with the PRISM Oscillator Set . ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ Note: In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment/trade decisions. Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions. ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ * ~ Please PM me for access information. © cybernetwork
Pine Script™ indicator
by cybernetwork
3
Awesome Accelerator Oscillator (combo AO/AC)=========== Awesome Accelerator Oscillator =========== A Combination of the Awesome Oscillator and the Accelerator Oscillator in one handy histogram. ----------- Editable settings include Fast Length , Slow Length and Trigger Length to provide a comprehensive indicator from a combination of Bill Williams' two most famous oscillators. Background color changes depending on overall/combined oscillator direction (gray for null ). There's not much else to say about this indicator - does what it says on the tin! Good Luck and Happy Trading!
Pine Script™ indicator
by theCrypster
3
Awesome Oscillator with EMAThe indicator is the Awesome Oscillator but with Exponential Moving Averages . I simply replaced SMA by EMA in the calculus and added, as an option, smoothing with a variable period. It reduces greatly lags and is more efficient when the price moves big. It is used the same way the standard Awesome Oscillator works. You can refer to the TradingView page about this simple indicator. I added smoothing as an option too. You can add it or remove it and set the period you want in the settings of the indicator.
Pine Script™ indicator
by R0aZ
1
Awesome Oscillator and MACD Histogram by SierraPilot (Lemrin)This is an indicator I stole from Lemrin. I added the plots for the MACD line and the Signal line and also changed the AO and MACD histo to an area plot. MACD = red and green. AO = blue and yellow. Green over top of Blue = possible reversal. Green overlaid over blue = uptrend. Yellow over top of Red = downside reversal possible. Yellow overlaid over Red = downtrend in progress. MACD and Signal line behave normally. Thanks to Lemrin for the majority of the code.
Pine Script™ indicator
by Straddle_Bender
Quadruple EMA + MACD + Awesome Oscillator by ZekisThis strategy is based on quadruple EMAs, MACD and Awesome Oscillator, developed by Nenad Kerkez and simplified by me. Scalping strategy (lower time frames) Entry Position Before we take a buy trade the two above criteria must be met. The 144 EMA must be above the 176 EMA and the 36 EMA must be above the 44 EMA. We then wait for AO to fall below the 0. The final „trigger‟ to the entry is when the MACD closes above the 0 line. Sell trade is vice versa. 36 EMA must be below 44 EMA and 144 EMA must be below 176 EMA. TAKE PROFIT and STOP LOSS 10-40 pips. Pivot Point targets. STOP LOSS above/below last highest high Enjoy! @Zekis
Pine Script™ indicator
by edward_Z
1
Traderset Uni Renko - Awesome OscillatorThis is simply Bill Williams AO oscillator, fabricated with predefined numbers to better fit the Uni Renko charts and my methodology. The reason for publishing this version is that the original numbers (you can see them on the top instance of the oscillator) does not behave that much satisfactory when it comes to renko charting in my methodology ! The AO is not a part of my methodology nor Alligator, but i know some people who would like to have these two tools in renko charts. Here you have it.
Pine Script™ indicator
by CAB_Member
8
Ultimate MACD (UMACD) [cI8DH]Ultimate MACD ( UMACD ) includes True MACD fix, normalized MACD, multi time frame, bar coloring, and false cross avoidance options. It can also replicate Bill Williams Awesome Oscillator and Accelerator Oscillator. By default, this indicator is configured to work like the built-in MACD indicator. You need to customize it to your liking. Chart below shows example multi time frame setup. True MACD and normalization True MACD fix is similar to True RSI fix. The chart below proves that MACD is asymmetrical. This issue is most visible when analyzing charts across wide price ranges. It shows a logical problem in MACD, and most other indicators, as they can give you conflicting signals. For example, it can show long signal for both TRYUSD and its inverse pair USDTRY simultaneously. True MACD fixes this issue as shown in the chart below. Interestingly, this fix also normalizes MACD which is a major improvement upon regular MACD . (FYI, True MACD fix uses a different mechanism than my previous NMACD indicator.) Avoiding false signals This feature is very useful to avoid trading during sideways. To use this feature, set the std deviation multiplier option to a number greater than 1. I did some backtests on BTC chart with contract size set to 100% equity. It showed significant improvements for the time frames that I tested. (std deviation multiplier set to 1.5 @1h TF: 4x improvements, @2h: near 2x, 0.7 @4h: 2x, 0.4@12h: 3x, 0.4@daily: 1.5x). I also backtested True MACD fix separately and it showed significant improvement for most time frames. Bar coloring Bar coloring works similar to my previous indicators, Ultimate Money Flow and Ultimate RSI , and is subject to change in the future. Bill Williams Awesome Oscillator and Accelerator Oscillator Chart below both validates calculations in this indicator and also shows you how you can replicate Bill Williams AO indicators. You can apply all the features added to MACD to these indicators. Here is a TL;DR list of my indicators to save you some time from looking at my obsolete indicators. PS: I might publish the asymmetry fix as True MACD or as a general fix to all price-based indicators as an open source script in the future.
Pine Script™ indicator
by cI8DH
19