What is Awesome Oscillator? – Veles Help Center

What is Awesome Oscillator?

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.

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