Awesome Oscillator Trading
The Awesome Oscillator is an indicator used to measure market momentum. AO calculates the difference of a 34 Period and 5 Period Simple Moving Averages. The Simple Moving Averages that are used are not calculated using closing price but rather each bar's midpoints.
The Triple Exponential Moving Average (T3) shows a smoothed representation of the chart data along with reversals and trend.
The DI, Keltner, Bollinger Band, Price momentum and retrace filter can be switched on to improve trade entry and trade exit points.
The retrace filter uses a ramp-counter with an adjustable signal line to filter low energy reversals and retraces. The ramp strength and gain is displayed at each count.
The label panel displays the profit/loss, win-rate, gain, trend and strength values.
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