Awesome Oscillator is an indicator that tracks the mood of market participants, determines the strength of buyers and sellers, and helps identify periods when a change in price direction is likely to happen.
How does the indicator work?
The indicator is calculated as the difference between the 5-period and 34-period simple moving averages (SMA) of the median prices (average value between the maximum and minimum prices for the period).
The indicator is displayed as a histogram, where positive values above zero will send a buy signal to the bot, while negative values below zero will send a sell signal. The intersections with zero may indicate changes in the trend.
The indicator is available in the Bot start filters.
