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Awesome Oscillator (AO)

Quadruple EMA + MACD + Awesome Oscillator by ZekisThis strategy is based on quadruple EMAs, MACD and Awesome Oscillator, developed by Nenad Kerkez and simplified by me. Scalping strategy (lower time frames) Entry Position Before we take a buy trade the two above criteria must be met. The 144 EMA must be above the 176 EMA and the 36 EMA must be above the 44 EMA. We then wait for AO to fall below the 0. The final „trigger‟ to the entry is when the MACD closes above the 0 line. Sell trade is vice versa. 36 EMA must be below 44 EMA and 144 EMA must be below 176 EMA. TAKE PROFIT and STOP LOSS 10-40 pips. Pivot Point targets. STOP LOSS above/below last highest high Enjoy! @Zekis
Wskaźnik Pine Script™
od edward_Z
1
Traderset Uni Renko - Awesome OscillatorThis is simply Bill Williams AO oscillator, fabricated with predefined numbers to better fit the Uni Renko charts and my methodology. The reason for publishing this version is that the original numbers (you can see them on the top instance of the oscillator) does not behave that much satisfactory when it comes to renko charting in my methodology ! The AO is not a part of my methodology nor Alligator, but i know some people who would like to have these two tools in renko charts. Here you have it.
Wskaźnik Pine Script™
od CAB_Member
8
Bill Williams Awesome strategy(lirshah)The Awesome Oscillator is an indicator used to measure market momentum. AO calculates the difference of a slow period and a fast period Simple Moving Averages. The Simple Moving Averages that are used are not calculated using closing price but rather each bar's midpoints. AO is generally used to affirm trends or to anticipate possible reversals. this strategy has been written according to BWA and has the best results on M15 chart. the strategy is compatible with Most markets such as Forex, crypto, CFD and indexes
Strategia Pine Script™
od Lirshah
1
Ultimate MACD (UMACD) [cI8DH]Ultimate MACD ( UMACD ) includes True MACD fix, normalized MACD, multi time frame, bar coloring, and false cross avoidance options. It can also replicate Bill Williams Awesome Oscillator and Accelerator Oscillator. By default, this indicator is configured to work like the built-in MACD indicator. You need to customize it to your liking. Chart below shows example multi time frame setup. True MACD and normalization True MACD fix is similar to True RSI fix. The chart below proves that MACD is asymmetrical. This issue is most visible when analyzing charts across wide price ranges. It shows a logical problem in MACD, and most other indicators, as they can give you conflicting signals. For example, it can show long signal for both TRYUSD and its inverse pair USDTRY simultaneously. True MACD fixes this issue as shown in the chart below. Interestingly, this fix also normalizes MACD which is a major improvement upon regular MACD . (FYI, True MACD fix uses a different mechanism than my previous NMACD indicator.) Avoiding false signals This feature is very useful to avoid trading during sideways. To use this feature, set the std deviation multiplier option to a number greater than 1. I did some backtests on BTC chart with contract size set to 100% equity. It showed significant improvements for the time frames that I tested. (std deviation multiplier set to 1.5 @1h TF: 4x improvements, @2h: near 2x, 0.7 @4h: 2x, 0.4@12h: 3x, 0.4@daily: 1.5x). I also backtested True MACD fix separately and it showed significant improvement for most time frames. Bar coloring Bar coloring works similar to my previous indicators, Ultimate Money Flow and Ultimate RSI , and is subject to change in the future. Bill Williams Awesome Oscillator and Accelerator Oscillator Chart below both validates calculations in this indicator and also shows you how you can replicate Bill Williams AO indicators. You can apply all the features added to MACD to these indicators. Here is a TL;DR list of my indicators to save you some time from looking at my obsolete indicators. PS: I might publish the asymmetry fix as True MACD or as a general fix to all price-based indicators as an open source script in the future.
Wskaźnik Pine Script™
od cI8DH
19
Awesome Oscillator and MACD, AntiStep VersionAny indicator based on moving averages (MAs) lags real-time movement. Immediately after large ("step") changes in level, the pre-step values that are still within the MA window cause the result to falsely reflect continued movement, even if real-time values remain flat or move in the opposite direction. To counter this, when a step change of a configurable size is detected, my technique temporarily shrinks the MA window size to include only those values occurring since the step change, and then allow the size to increase to normal length as we move away from the step change. Changes from my previous AO/MACD indicator: Added anti-step capabilities, including brand-new functions that implement my anti-step technique in ema() and rma(). Created generalized alpha_ma() function, which allows ema function creation using custom alpha structures. Created "_external" versions of all antistep functions, allowing step detection to be based on some other series, aside from the one being averaged (this is required for the macd signal ma). Added options to calculate ao and macd using SMA, EMA, or RMA, including anti-step versions of all three. Added bull and bear signal indicators based on previous descriptions. Comparison with anti-step enabled and disabled: Comparison with different tolerance levels (positive tolerance detects fewer steps; negative tolerance detects more steps):
Wskaźnik Pine Script™
od Lemrin
3
Awesome Oscillator with AntiStep CorrectionHere is the well-known Awesome Oscillator (AO), which I use to present the real purpose of this post: a function that provides step correction for simple moving averages (SMAs). We all know that any indicator based on moving averages lags real-time movement. Normally this is fine, but just after large ("step") changes in level, the pre-step values that are still within the SMA window cause the result to falsely reflect continued movement, even when real-time values remain flat. To counter this, when a step change of a configurable size is detected, I temporarily shrink the SMA window size to include only those values occurring since the step change, and then allow the size to increase to normal length as we move away from the step change. This is accomplished within the antistep_sma() function. Note that this will cause SMAs of different lengths (e.g. those used in the AO) to be temporarily equal, until the shorter of the two reaches its normal size and begins to leave the longer one behind again. You can see this above, where the AO, which is the difference of two SMAs, goes to 0 immediately after a sufficiently large step change--configured to 0.5% in this case.
Wskaźnik Pine Script™
od Lemrin
1
Awesome Oscillator and MACD HistogramThis is a quick script that combines two standard indicators, the Awesome Oscillator and MACD histogram, to highlight the beginnings of periods of fast price movement (divergence between the two). Since MACD's EMA responds more quickly than AO's SMA, look for periods of green over gold as a bullish signal, and red under blue as a bearish signal. Of course both indicators are lagging in nature, but the presence of this divergence often leads larger, continued movement in the same direction. Bullish Signals Change from red to green below 0 with either blue or gold above 0 (strengthened on second green bar): Rising green above 0 with gold below 0: Bearish Signals Change from green to red above 0 with either blue or gold below 0 (strengthened on second red bar): Deepening red below 0 with blue above 0:
Wskaźnik Pine Script™
od Lemrin
12
AO and AC Zones (Bill Williams)The colored Zones is the combination of the Awesome Oscillator (AO) and Accelerator Oscillator (AC) indicator by Bill Williams. If both AO and AC bars are uptrending, the zone is blue If both AO and AC bars are downtrending, the zone is red If AO and AC have different colors, the zone is gray Blue and red zones This zones allows you to trade more aggressively, you could also add to current positions Gray zone You should avoid those flat (or choppy) market and don't open new positions or add to your current ones You could use this indicator also in combination with MACD. Please always remember, there is no holy grail indicator!
Wskaźnik Pine Script™
od fyntrade
2
Williams Trader BetaWilliams Trader Beta (not for public use) Essentially what I wanted to do was create a script that could recognize setups from one of the systems laid out by Dr. Bill Williams I put blue label ups at bottom and below bar for long entry I put fuchsia label downs at bottom and below bar for short entry These are times when: AO > 0 & a Break Out Occurs of Fractal up above Gator Teeth or AO < 0 & a Break Out Occurs of Fractal down below Gator Teeth These also have alert conditions... be sure to use once per bar on close if using this condition!
Wskaźnik Pine Script™
od 420snoop
39
Bollinger Awesome Alert R1 by JustUncleLThis indicator is an implementation of the Bollinger Band and Awesome Oscillator Scalping system. This technique is for those who want the most simple method that is very effective. It is BEST traded during the busiest trading hours, 3am to 12am EST NY time. This method doesn't work in sideways markets, only in volatile trending markets. Time Frames: 1, 5, 10, 15 ,30 min. Currency pairs: majors. Other Chart indicators: Add Awesome Oscillator. Optionally Add Squeeze Indicator. Here's the strategy: Going LONG: Enter a long position when the black 3 EMA has crossed up through the Bollinger red middle band MA. At the same time, the Awesome should be approaching or crossing it's zeroline, going up. This is indicated by "Buy" alert. Going SHORT: Enter a short position when the black 3 EMA has crossed down through the Bollinger red middle band MA. At the same time, the Awesome should be approaching or crossing it's zero line, going down. This is indicated by the "Sell" Alert. Take profit: 10-20 pips depending on pair or When Awesome Oscillator turns a different colour. HINTS: Best trades tend to occur when price reversing bounce off outer band and outside the Optional Bollinger Squeeze indication.
Wskaźnik Pine Script™
od JustUncleL
78
Bill Williams. Awesome Oscillator (AO) Backtest This indicator is based on Bill Williams` recommendations from his book "New Trading Dimensions". We recommend this book to you as most useful reading. The wisdom, technical expertise, and skillful teaching style of Williams make it a truly revolutionary-level source. A must-have new book for stock and commodity traders. The 1st 2 chapters are somewhat of ramble where the author describes the "metaphysics" of trading. Still some good ideas are offered. The book references chaos theory, and leaves it up to the reader to believe whether "supercomputers" were used in formulating the various trading methods (the author wants to come across as an applied mathemetician, but he sure looks like a stock trader). There isn't any obvious connection with Chaos Theory - despite of the weak link between the title and content, the trading methodologies do work. Most readers think the author's systems to be a perfect filter and trigger for a short term trading system. He states a goal of 10%/month, but when these filters & axioms are correctly combined with a good momentum system, much more is a probable result. There's better written & more informative books out there for less money, but this author does have the "Holy Grail" of stock trading. A set of filters, axioms, and methods which are the "missing link" for any trading system which is based upon conventional indicators. This indicator plots the oscillator as a histogram where periods fit for buying are marked as blue, and periods fit for selling as red. If the current value of AC (Awesome Oscillator) is over the previous, the period is deemed fit for buying and the indicator is marked blue. If the AC values is not over the previous, the period is deemed fir for selling and the indicator is marked red. You can change long to short in the Input Settings Please, use it only for learning or paper trading. Do not for real trading.
Strategia Pine Script™
od HPotter