This indicator was originally developed by Bill M. This indicator shows the count of the Top 40 coins reaching a TDI Sequential green 9 shown in green and red 9 shown in red. TradingView EN. Indicators and Strategies All Scripts. All Scripts. Indicators Only. Strategies Only. Open Sources Only. Top authors: Accelerator Oscillator AC.
Accelerator Oscillator AC. The Accelerator Oscillator AC is an indicator developed by Bill Williams that helps traders gauge changes in momentum. Double Accelerator Oscillator.
How to use 'Awesome Oscillator' in trading strategy
Modern Trade Chaos. Bill Williams Chaos Theory. Besides, the pullback also stays above zero during the entire setup. You can also notice that the red line below the price bars displays a falling price since the formation of the bearish twin peaks setup. Traders also look for the saucer setup signal when using the Awesome Oscillator in their trading strategy.
The saucer trading strategy means that the trader is trying to find a specific setup of three consecutive bars on the histogram in order to detect a bullish or bearish signal. Consequently, the AO saucer setup can be identified as follows:.
Generating trade signals using MT4's Accelerator Oscillator | Ditto Trade
As it is the case with some other oscillator indicator, traders can also be on a lookout for potential divergence with the AO indicator. Consequently, they will try to identify periods when the price and the indicator don't move in the same direction.
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- What is the Accelerator Oscillator?.
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The Awesome Oscillator trading strategy can be useful for identification of potential alerts, as long as it includes a combination with other indicators. In addition, more experienced traders recommend that it is used along with other indicators developed by Bill Williams.
Bonus withdrawal can be a subject to additional commission. We can recommend Capital. Learn to trade Trading guides. How to read and use the Awesome oscillator trading indicator? By Zoran Temelkov. What is the Awesome Oscillator? How to use Awesome Oscillator?
Awesome Oscillator and zero-line crossovers The basic alerts which are generated by the Awesome Oscillator are identified on the basis of the zero-line cross overs. A bullish buying opportunity alerts occur when the AO indicator crosses above the zero-line, indicating that the short-term momentum is increasing faster compared to the long term.
Reading the Awesome Oscillator
A sell opportunity is detected when the indicator crosses below the zero-line mark displaying that the short-term momentum decreases more rapidly than the long-term. Look at the following graph. Twin peaks trading Twin peaks trading is another way through which traders can identify potential bearish or bullish opportunities using the Awesome Oscillator indicator. The general guidelines when looking for twin peak opportunities are: Bullish twin peaks — when there are two consecutive peaks below the zero line where the second peak is higher compared to the first one and followed by a green bar.
Keep in mind that the pullback trough between the two peaks should remain below the zero-line. Bearish twin peaks — this setup appears when there are two peaks above the zero line and the second peak is lower than the first one and is followed with a red bar.
Generating trade signals using MT4’s Accelerator Oscillator
Also, the pullback between the peaks should remain above the zero-line. Awesome Oscillator Saucer strategy Traders also look for the saucer setup signal when using the Awesome Oscillator in their trading strategy. Consequently, the AO saucer setup can be identified as follows: Long position setup — this setup up is evident when there are two successive red bars and the second bar is lower than the first one. Also, the third bar must be blue green for the setup to be completed. You would try to detect the following — red — lower red-green histogram.
The trader can decide to buy the fourth bar. Bearish setup — is identified by two successive blue green bars where the second bar is lower compared to the first bar and the set up is completed with the third red histogram. Accordingly, traders try to find the following — green — lower green — red histogram.