Awesome Indicator Analysis & Awesome Indicator Trade Signals
The Awesome Oscillator (AO) technical indicator is calculated by taking a 34-period simple moving average (MA) based on the bar midpoints (($H+$L)/2) and subsequently subtracting a 5-period simple moving average from that result.
Awesome Oscillator
XAU/USD Analysis and How to Generate Signals
Buy Trade Signal
A buy signal generated once oscillator trading crosses above the Zero line.
Buy Signal
A subsequent buy indication arises when the indicator registers above the zero mark, simultaneously with the bar colors transitioning from red to green, and the resulting green bar is taller than the preceding red bar, thus forming a V or U contour. The validation of this signal occurs upon the establishment of three consecutive green bars.
Buy Trade Signal
Sell Trading Signal
A sell signal is generated once the oscillator crosses below the Zero line.
Sell Signal
Get More Courses and Tutorials:
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- Example of a Written XAUUSD Schedule
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- No Nonsense Trade Strategy Training Courses
- How Do I Trade Fibonacci Extension Levels in XAU USD Trading?
- How Do I Use XAUUSD Learn Gold Platform/Software Guide?
- Meaning of Fib Extension Levels in MetaTrader 4 XAUUSD Trade Software Platform
