MT4 Indicator Awesome Oscillator Divergence
Awesome Oscillator or AO Oscillator Divergence Generation III is modern indicator with complex mathematic algorithm (BJF Trading Group innovation). You will see divergenses on the chart and indicator. Arrows painted above/below the open bar and not in the past. You can see when actually you can trade. It is never to late! Signals based on closed bars so the arrows above/below open bar never disappear.
MT4 Indicator Awesome Oscillator Divergence - Short explanation
Indicator Awesome Oscillator Divergence indicates fractal divergence by Awesome Oscillator indicator. When divergence appears between Awesome Oscillator and the price, it indicates a high probability that the current trend will finish soon. A signal to buy is when a new Low-fractal is formed below the previous one and a corresponding Awesome Oscillator value is higher than the previous one. A signal to sell is when a new Up-fractal is formed above the previous one and a corresponding AO Oscillator value is lower than the previous value. The indicator has a lot of customizable settings.
MT4 Indicator Awesome Oscillator - Short explanation
The Awesome Oscillator is a histogram showing the market momentum of a recent number of periods compared to the momentum of a larger number of previous periods (by default, 5 vs. 34 periods).
This indicator is intended to show what's happening to the market for the current period (compared to the momentum of a longer period), and some traders use its signals for buying and selling decisions.