Awesome Oscillator Oil Technical Analysis and Awesome Oscillator Trading Signals

Awesome Oscillator (AO) is a 34-period simple moving average that's drawn through the middle points of the bars (H+L)/2, & then this is subtracted from the 5-period simple moving average.

Awesome Oscillator

Crude Oil Trading Technical Analysis & Generating Trading Signals

Buy Trading Signal

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

Buy Trading Signal

Another buy oil 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 Trading Signal

Sell Trading Signal

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

Sell Trading Signal