Awesome Oscillator Chart 0

Posted on 23, January 2014

in Category SID

Description for AO SID 944

The Awesome Oscillator created by Bill Williams, is used for analysing market momentum using 2 different periods. One short period and one long period.

The logic for this technical analysis chart:

#Awesome Oscillator Chart.

my $median = (High+Low)/2;
my $ao = SMA($median,5)-SMA($median,34);

PlotColumn($ao,Red,Vline);
PlotFixedLine(0,Yellow);