Awesome Oscillator EA Setup - Setting Up Awesome Oscillator Expert Advisor

Awesome Oscillator EA Setup - Setting Up Awesome Oscillator EA - A trader can come up with an awesome oscillator EA based on the awesome indicator explained below.

Awesome Oscillator EA rules can be combined with other Forex technical indicators to come up with other Expert Advisor Forex Robots that trade using rules based on two or more indicators combined to form a trading system.

Awesome Oscillator Forex Trading Technical Analysis & Awesome Oscillator Signals

Awesome Oscillator (AO) is a 34-period simple moving average that is plotted through the middle points of the bars (H+L)/2, and then this is subtracted from the 5-period simple moving average.

Awesome Oscillator

Forex Trading Technical Analysis & How to Generate Signals

Buy Signal

A buy signal generated once the oscillator moves above Zeroline.

Buy Trading Signal

Another buy signal generated when indicator is above the Zero mark & the color of the bars change from red to green & the green bar is higher than the red bar forming a V or U shape. Signal is confirmed after three green bars are formed.

Buy Signal

Sell Trading Signal

A sell trading signal is generated once the oscillator moves below the Zero line.

Sell Signal