Forex Awesome Oscillator Expert Advisor Setup - Setting Up Awesome Oscillator Expert Advisor

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

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

Awesome Oscillator Technical Analysis and Awesome Oscillator Forex Trading 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

Technical Analysis and Generating Signals

Buy signal

A buy signal generated once the oscillator moves above the Zero line.

Buy Signal

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

Buy signal

Sell signal

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

Sell Signal